Nisa Investment Advisors LLC Sells 10,423 Shares of Emerson Electric Co. (NYSE:EMR)

Nisa Investment Advisors LLC decreased its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 5.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 189,227 shares of the industrial products company's stock after selling 10,423 shares during the period. Nisa Investment Advisors LLC's holdings in Emerson Electric were worth $20,747,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Emerson Electric by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock valued at $6,634,837,000 after buying an additional 384,313 shares during the last quarter. Geode Capital Management LLC increased its holdings in Emerson Electric by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock valued at $1,443,725,000 after buying an additional 232,540 shares during the period. Norges Bank acquired a new position in shares of Emerson Electric in the 4th quarter valued at $885,886,000. Northern Trust Corp lifted its holdings in shares of Emerson Electric by 5.9% during the 4th quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock worth $827,377,000 after acquiring an additional 370,560 shares during the period. Finally, Schroder Investment Management Group increased its stake in Emerson Electric by 4.1% in the fourth quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock valued at $542,379,000 after acquiring an additional 171,946 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

Insiders Place Their Bets

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 completion of the sale, the chief executive officer directly owned 164,957 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.50% of the company's stock.

Emerson Electric Trading Down 0.4%

Shares of NYSE:EMR traded down $0.60 during midday trading on Friday, hitting $140.07. The company had a trading volume of 2,107,737 shares, compared to its average volume of 3,007,220. The firm has a fifty day simple moving average of $125.11 and a 200 day simple moving average of $119.00. The stock has a market cap of $78.79 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 2.73 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.59 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 $142.32.

Emerson Electric (NYSE:EMR - Get Free Report) last announced 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. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The company had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. During the same period in the prior year, the business posted $1.36 EPS. Emerson Electric's revenue was up 1.3% on a year-over-year basis. On average, analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's payout ratio is presently 50.48%.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of recent research reports. Barclays lifted their price objective on Emerson Electric from $118.00 to $125.00 and gave the company an "underweight" rating in a report on Wednesday. JPMorgan Chase & Co. raised their price target on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, May 16th. TD Cowen raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday. Robert W. Baird lowered their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Finally, Bank of America increased their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $139.83.

About Emerson Electric

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.