Emerson Electric Co. (NYSE:EMR) Shares Sold by Motco

Key Points

• Motco has reduced its stake in Emerson Electric Co. by 11.1% during the first quarter, now holding a position valued at $5.84 million.
• Several institutional investors have increased their holdings in Emerson Electric, with Pacer Advisors Inc. significantly raising its stake by 4,583.7%.
• Analyst target prices for Emerson Electric have seen revisions, with Bank of America raising its target from $130 to $155, reflecting a consensus rating of "Moderate Buy."

Motco lowered its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 11.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 53,280 shares of the industrial products company's stock after selling 6,634 shares during the period. Motco's holdings in Emerson Electric were worth $5,842,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in EMR. Brighton Jones LLC boosted its position in Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock valued at $1,412,000 after buying an additional 4,850 shares during the period. Congress Wealth Management LLC DE purchased a new stake in shares of Emerson Electric in the 4th quarter worth about $265,000. Modern Wealth Management LLC purchased a new position in Emerson Electric during the 4th quarter valued at about $479,000. Murphy & Mullick Capital Management Corp purchased a new position in Emerson Electric during the 4th quarter valued at about $28,000. Finally, Korea Investment CORP lifted its position in Emerson Electric by 2.9% during the 4th quarter. Korea Investment CORP now owns 396,227 shares of the industrial products company's stock valued at $49,104,000 after acquiring an additional 11,321 shares during the period. Institutional investors own 74.30% of the company's stock.

Insider Activity at Emerson Electric

In related 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 sale, the chief executive officer directly owned 164,957 shares of the company's stock, valued at $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.50% of the company's stock.

Emerson Electric Price Performance

Shares of EMR stock traded down $0.64 during mid-day trading on Wednesday, hitting $146.97. The company had a trading volume of 1,960,181 shares, compared to its average volume of 3,053,940. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The stock's 50 day moving average price is $132.01 and its 200-day moving average price is $120.79. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. The company has a market capitalization of $82.67 billion, a P/E ratio of 35.13, a P/E/G ratio of 2.90 and a beta of 1.29.

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

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's payout ratio is presently 50.48%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EMR shares. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Bank of America raised their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Wells Fargo & Company raised their price objective 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. Stephens raised their price objective 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. Finally, Robert W. Baird reduced their price target on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $142.28.

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.