Emerson Electric Co. (NYSE:EMR) Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd reduced its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 4.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,835 shares of the industrial products company's stock after selling 2,463 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Emerson Electric were worth $5,354,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EMR. Hohimer Wealth Management LLC increased its stake in shares of Emerson Electric by 0.3% in the first quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company's stock worth $3,066,000 after purchasing an additional 95 shares in the last quarter. Unison Advisors LLC grew its stake in shares of Emerson Electric by 0.5% in the 4th quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock worth $2,629,000 after buying an additional 98 shares in the last quarter. Texas Yale Capital Corp. grew its stake in shares of Emerson Electric by 0.7% in the 4th quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company's stock worth $1,833,000 after buying an additional 100 shares in the last quarter. Ecofi Investissements SA grew its stake in shares of Emerson Electric by 0.3% in the 4th quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company's stock worth $4,111,000 after buying an additional 100 shares in the last quarter. Finally, Rosenberg Matthew Hamilton grew its stake in shares of Emerson Electric by 5.3% in the 1st quarter. Rosenberg Matthew Hamilton now owns 2,017 shares of the industrial products company's stock worth $221,000 after buying an additional 101 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Up 0.4%

Shares of Emerson Electric stock traded up $0.57 on Wednesday, reaching $140.26. The stock had a trading volume of 3,252,853 shares, compared to its average volume of 3,007,218. The company has a 50 day moving average price of $127.00 and a 200 day moving average price of $119.28. 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 $142.32. The stock has a market capitalization of $78.90 billion, a P/E ratio of 33.55, a P/E/G ratio of 2.71 and a beta of 1.29.

Emerson Electric (NYSE:EMR - Get Free Report) last issued 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 net margin of 13.60% and a return on equity of 13.22%. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the previous year, the firm earned $1.36 EPS. The company's quarterly revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio is presently 50.48%.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction 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. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EMR shares. Bank of America lifted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Royal Bank Of Canada lifted their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Citigroup raised their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a report on Monday. Finally, KeyCorp lifted their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and a consensus target price of $142.28.

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.