Emerson Electric Co. (NYSE:EMR) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. decreased its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 7.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 208,100 shares of the industrial products company's stock after selling 16,000 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Emerson Electric were worth $22,816,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $25,000. Vega Investment Solutions purchased a new stake in Emerson Electric in the 4th quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Emerson Electric during the 4th quarter valued at $28,000. Ameriflex Group Inc. acquired a new position in shares of Emerson Electric in the fourth quarter worth $30,000. Finally, Meeder Asset Management Inc. lifted its position in shares of Emerson Electric by 208.2% in the fourth quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 202 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Down 0.9%

Shares of NYSE EMR traded down $1.13 on Tuesday, hitting $127.55. The company had a trading volume of 2,787,974 shares, compared to its average volume of 2,962,149. The firm has a market capitalization of $71.75 billion, a P/E ratio of 22.30, a PEG ratio of 2.54 and a beta of 1.28. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85. The business has a 50 day moving average of $113.06 and a two-hundred day moving average of $118.19.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. Emerson Electric's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the company earned $1.36 earnings per share. As a group, equities research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.65%. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

Insider Buying and Selling at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business'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 sale, the chief executive officer now owns 164,957 shares of the company's stock, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on EMR shares. JPMorgan Chase & Co. upped their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, May 16th. KeyCorp lifted their price objective on Emerson Electric from $125.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday. Citigroup increased their target price on Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Royal Bank Of Canada lifted their price target on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Finally, Robert W. Baird decreased their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $136.47.

Emerson Electric 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.