Raiffeisen Bank International AG Acquires 3,148 Shares of Emerson Electric Co. (NYSE:EMR)

Key Points

• Raiffeisen Bank International AG has increased its stake in Emerson Electric Co. by 67.0%, purchasing an additional 3,148 shares, bringing its total to 7,846 shares worth approximately $852,000.
• Emerson Electric's CEO, Surendralal Lanca Karsanbhai, sold 16,698 shares for about $1.89 million, resulting in a 9.19% decrease in his ownership.
• Analysts have varied opinions on Emerson Electric, with ratings ranging from sell to strong buy, and an average target price of $142.28.

Raiffeisen Bank International AG increased its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 67.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,846 shares of the industrial products company's stock after purchasing an additional 3,148 shares during the period. Raiffeisen Bank International AG's holdings in Emerson Electric were worth $852,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Argent Trust Co increased its holdings in Emerson Electric by 1.6% in the 1st quarter. Argent Trust Co now owns 52,843 shares of the industrial products company's stock valued at $5,794,000 after buying an additional 824 shares during the period. Manchester Capital Management LLC increased its holdings in Emerson Electric by 2.9% in the 1st quarter. Manchester Capital Management LLC now owns 8,417 shares of the industrial products company's stock valued at $923,000 after buying an additional 234 shares during the period. Scotia Capital Inc. increased its holdings in Emerson Electric by 13.8% in the 1st quarter. Scotia Capital Inc. now owns 480,135 shares of the industrial products company's stock valued at $52,642,000 after buying an additional 58,390 shares during the period. Beta Wealth Group Inc. increased its holdings in Emerson Electric by 8.7% in the 1st quarter. Beta Wealth Group Inc. now owns 5,010 shares of the industrial products company's stock valued at $549,000 after buying an additional 402 shares during the period. Finally, Bank of Nova Scotia Trust Co. increased its holdings in Emerson Electric by 7.6% in the 1st quarter. Bank of Nova Scotia Trust Co. now owns 6,177 shares of the industrial products company's stock valued at $677,000 after buying an additional 437 shares during the period. Institutional investors own 74.30% of the company's stock.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer directly owned 164,957 shares of the company's stock, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EMR. Royal Bank Of Canada upped their price objective on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Barclays upped their price objective on Emerson Electric from $118.00 to $125.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 9th. Robert W. Baird dropped their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Bank of America upped their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. upped their price objective on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $142.28.

Emerson Electric Stock Performance

Shares of EMR opened at $142.65 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $80.24 billion, a P/E ratio of 34.13, a price-to-earnings-growth ratio of 2.75 and a beta of 1.32. The firm's fifty day simple moving average is $134.13 and its two-hundred day simple moving average is $121.41. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the previous year, the firm posted $1.36 earnings per share. The business's revenue was up 1.3% compared to the same quarter last year. As a group, 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. Shareholders of record on Friday, May 16th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is 50.48%.

Emerson Electric 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.

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