NBC Securities Inc. Raises Stock Holdings in Emerson Electric Co. (NYSE:EMR)

NBC Securities Inc. lifted its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 99,293.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,903 shares of the industrial products company's stock after buying an additional 15,887 shares during the period. NBC Securities Inc.'s holdings in Emerson Electric were worth $1,743,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Stephens Consulting LLC purchased a new position in Emerson Electric in the 4th quarter worth approximately $25,000. Orion Capital Management LLC purchased a new position in Emerson Electric in the 4th quarter worth approximately $25,000. Vega Investment Solutions purchased a new position in Emerson Electric in the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Emerson Electric in the 4th quarter worth approximately $28,000. Finally, YANKCOM Partnership purchased a new position in Emerson Electric in the 4th quarter worth approximately $30,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Up 1.1%

Emerson Electric stock traded up $1.29 during mid-day trading on Wednesday, hitting $121.68. The company had a trading volume of 2,481,118 shares, compared to its average volume of 2,925,032. The company has a market capitalization of $68.45 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. The stock's 50 day moving average price is $108.91 and its two-hundred day moving average price is $118.64.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) 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 the consensus estimate of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company's quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.36 earnings per share. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric's payout ratio is currently 50.48%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Citigroup lifted their price target on Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a research report on Wednesday. KeyCorp dropped their price target on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Robert W. Baird dropped their price target on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average price target of $134.65.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer now owns 164,957 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. 0.50% of the stock is owned by corporate insiders.

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.