OLD Republic International Corp Boosts Holdings in Emerson Electric Co. (NYSE:EMR)

OLD Republic International Corp increased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 1.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 511,100 shares of the industrial products company's stock after purchasing an additional 5,500 shares during the period. Emerson Electric makes up about 2.2% of OLD Republic International Corp's holdings, making the stock its 20th biggest position. OLD Republic International Corp owned 0.09% of Emerson Electric worth $56,037,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in EMR. Stokes Family Office LLC boosted its holdings in Emerson Electric by 94.8% in the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock worth $1,141,000 after acquiring an additional 4,480 shares in the last quarter. Clark Capital Management Group Inc. lifted its holdings in shares of Emerson Electric by 7.7% in the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock worth $749,000 after purchasing an additional 434 shares in the last quarter. World Investment Advisors grew its position in Emerson Electric by 41.2% in the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock valued at $2,581,000 after purchasing an additional 6,079 shares during the period. Geode Capital Management LLC raised its holdings in Emerson Electric by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock worth $1,443,725,000 after buying an additional 232,540 shares during the last quarter. Finally, StoneX Group Inc. raised its holdings in Emerson Electric by 23.5% during the fourth quarter. StoneX Group Inc. now owns 32,927 shares of the industrial products company's stock worth $4,081,000 after buying an additional 6,264 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Analysts Set New Price Targets

EMR has been the topic of several research reports. KeyCorp upped their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. upped their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Bank of America upped 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. Barclays upped their price objective on shares of Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a report on Monday, June 9th. Finally, Robert W. Baird lowered their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $139.21.

Emerson Electric Stock Performance

NYSE:EMR traded up $0.70 on Tuesday, reaching $139.10. 435,000 shares of the company's stock were exchanged, compared to its average volume of 2,986,718. 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 firm has a market cap of $78.24 billion, a price-to-earnings ratio of 33.22, a P/E/G ratio of 2.71 and a beta of 1.29. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $139.90. The stock has a fifty day simple moving average of $122.42 and a 200-day simple moving average of $118.50.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business earned $1.36 earnings per share. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company 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 1.52%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's payout ratio is 50.48%.

Insider Activity

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the 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 sale, the chief executive officer directly owned 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.50% of the company's stock.

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.