Oppenheimer & Co. Inc. Has $10.34 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Oppenheimer & Co. Inc. reduced its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,313 shares of the industrial products company's stock after selling 9,777 shares during the period. Oppenheimer & Co. Inc.'s holdings in Emerson Electric were worth $10,340,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EMR. Orion Capital Management LLC acquired a new stake in Emerson Electric in the fourth quarter valued at approximately $25,000. Vega Investment Solutions acquired a new stake in Emerson Electric during the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Emerson Electric during the fourth quarter valued at about $28,000. Ameriflex Group Inc. acquired a new stake in shares of Emerson Electric during the fourth quarter valued at about $30,000. Finally, Inlight Wealth Management LLC acquired a new stake in shares of Emerson Electric during the first quarter valued at about $28,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised their price objective on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Barclays raised their price target on shares of Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a research report on Monday, June 9th. Wells Fargo & Company raised their price target on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Robert W. Baird decreased their price objective 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. Finally, KeyCorp raised their price objective on shares of Emerson Electric from $125.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, June 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $136.47.

Emerson Electric Stock Down 1.0%

Shares of EMR traded down $1.27 during mid-day trading on Wednesday, reaching $129.46. The company's stock had a trading volume of 2,589,386 shares, compared to its average volume of 2,979,236. The company has a market cap of $72.82 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 2.59 and a beta of 1.28. The business has a fifty day moving average of $116.93 and a 200 day moving average of $118.20. 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 Co. has a 1 year low of $90.06 and a 1 year 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 the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the prior year, the business earned $1.36 EPS. The business's revenue for the quarter was up 1.3% on a year-over-year basis. As a group, analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were paid a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.63%. Emerson Electric's dividend payout ratio is presently 50.48%.

Insiders Place Their Bets

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the sale, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.