Emerson Electric Co. (NYSE:EMR) Shares Sold by MGO One Seven LLC

Key Points

• MGO One Seven LLC decreased its position in Emerson Electric Co. by 43.1% in the first quarter, selling 19,161 shares and leaving them with 25,251 shares valued at approximately $2.77 million.
• Several institutional investors, including DZ BANK AG, raised their stakes significantly in Emerson Electric, with one firm increasing holdings by as much as 12,707.7% in the first quarter.
• Equities research analysts have set new price targets for Emerson Electric, with Citigroup raising their target from $146 to $165, and the stock is currently rated as a "Moderate Buy" with a consensus target price of $142.28.

MGO One Seven LLC lowered its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 43.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,251 shares of the industrial products company's stock after selling 19,161 shares during the period. MGO One Seven LLC's holdings in Emerson Electric were worth $2,769,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its stake in Emerson Electric by 5.9% in the fourth quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock worth $827,377,000 after purchasing an additional 370,560 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Emerson Electric by 9.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,862,749 shares of the industrial products company's stock worth $478,710,000 after purchasing an additional 339,355 shares during the last quarter. Royal Bank of Canada lifted its stake in Emerson Electric by 10.0% in the fourth quarter. Royal Bank of Canada now owns 3,309,998 shares of the industrial products company's stock worth $410,207,000 after purchasing an additional 299,929 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Emerson Electric by 3,866.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock worth $374,581,000 after purchasing an additional 2,946,310 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Emerson Electric by 9.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,879,670 shares of the industrial products company's stock worth $356,886,000 after purchasing an additional 254,224 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the transaction, the chief executive officer owned 164,957 shares in the company, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.50% of the company's stock.

Emerson Electric Stock Up 0.6%

NYSE EMR traded up $0.87 on Monday, hitting $142.65. The stock had a trading volume of 4,172,040 shares, compared to its average volume of 3,083,139. The business's fifty day moving average price is $133.64 and its 200 day moving average price is $121.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The stock has a market cap of $80.24 billion, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of 2.75 and a beta of 1.32.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The business's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.36 earnings per share. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were given a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.5%. Emerson Electric's dividend payout ratio is 50.48%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Stephens lifted their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Wells Fargo & Company lifted their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Finally, TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Emerson Electric presently has an average rating of "Moderate Buy" and a consensus price target of $142.28.

Emerson Electric Company Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.