Neo Ivy Capital Management Has $2.77 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Key Points

• Neo Ivy Capital Management increased its stake in Emerson Electric Co. by 101.0%, acquiring an additional 12,684 shares, resulting in ownership of 25,242 shares valued at approximately $2.77 million.
• Analysts have raised their price targets for Emerson Electric, with Bank of America setting a new target of $155, and the company currently has a consensus rating of "Moderate Buy" with an average price target of $142.28.
• Emerson Electric announced a quarterly dividend of $0.5275 per share, resulting in an annualized dividend of $2.11 and a yield of 1.41%, with a payout ratio of 50.48%.

Neo Ivy Capital Management grew its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 101.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,242 shares of the industrial products company's stock after buying an additional 12,684 shares during the quarter. Emerson Electric accounts for 0.9% of Neo Ivy Capital Management's holdings, making the stock its 15th largest holding. Neo Ivy Capital Management's holdings in Emerson Electric were worth $2,768,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of EMR. Orion Capital Management LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth about $25,000. Vega Investment Solutions acquired a new stake in Emerson Electric during the fourth quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Emerson Electric during the fourth quarter worth approximately $28,000. Ameriflex Group Inc. acquired a new stake in Emerson Electric during the fourth quarter worth approximately $30,000. Finally, Inlight Wealth Management LLC acquired a new stake in Emerson Electric during the first quarter worth approximately $28,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer owned 164,957 shares of the company's stock, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. increased their price objective on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Stephens lifted 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 report on Wednesday, July 16th. Royal Bank Of Canada lifted their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, Barclays raised their price target on Emerson Electric from $118.00 to $125.00 and gave the company an "underweight" rating in a report on Wednesday, July 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $142.28.

Emerson Electric Stock Up 0.0%

Shares of NYSE EMR traded up $0.01 on Monday, hitting $149.64. The company had a trading volume of 766,284 shares, compared to its average volume of 3,046,495. The firm has a market capitalization of $84.17 billion, a P/E ratio of 35.80, a PEG ratio of 2.90 and a beta of 1.29. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $149.84. The business has a 50 day moving average of $130.82 and a two-hundred day moving average of $120.38. 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 (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. Emerson Electric's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $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 company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Friday, May 16th. Emerson Electric's dividend payout ratio is currently 50.48%.

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.