Northstar Financial Companies Inc. Purchases New Stake in Emerson Electric Co. (NYSE:EMR)

Northstar Financial Companies Inc. acquired a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,571 shares of the industrial products company's stock, valued at approximately $319,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth about $25,000. Stephens Consulting LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth about $25,000. Vega Investment Solutions acquired a new position in shares of Emerson Electric during the 4th quarter worth about $27,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Emerson Electric during the 4th quarter worth about $28,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Emerson Electric during the 4th quarter worth about $30,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction 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 now owns 164,957 shares in the company, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.50% of the company's stock.

Emerson Electric Stock Down 0.5%

NYSE EMR traded down $0.65 during trading on Friday, hitting $119.27. The stock had a trading volume of 4,057,167 shares, compared to its average volume of 2,936,648. The company has a market capitalization of $67.09 billion, a PE ratio of 28.47, a P/E/G ratio of 2.49 and a beta of 1.26. The company's 50-day moving average price is $108.64 and its two-hundred day moving average price is $118.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.42 billion. During the same quarter in the prior year, the business posted $1.36 EPS. The business's revenue was up 1.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Friday, May 16th. Emerson Electric's dividend payout ratio is currently 50.48%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on EMR shares. Morgan Stanley boosted their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research report on Thursday, February 6th. Wells Fargo & Company boosted their price objective on Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Citigroup boosted their price objective on Emerson Electric from $119.00 to $127.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. boosted their price objective on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $133.53.

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.