Rhumbline Advisers Sells 103,071 Shares of Emerson Electric Co. (NYSE:EMR)

Rhumbline Advisers decreased its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 8.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,048,631 shares of the industrial products company's stock after selling 103,071 shares during the quarter. Rhumbline Advisers owned 0.19% of Emerson Electric worth $114,972,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Stokes Family Office LLC boosted its stake in shares of 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 during the period. GHP Investment Advisors Inc. raised its stake in Emerson Electric by 8.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock worth $10,187,000 after buying an additional 6,321 shares in the last quarter. Clark Capital Management Group Inc. lifted its stake in shares of Emerson Electric by 7.7% during 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 during the last quarter. World Investment Advisors grew its stake in Emerson Electric by 41.2% in the fourth 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 last quarter. Finally, Howland Capital Management LLC boosted its holdings in shares of Emerson Electric by 13.0% in the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock valued at $3,283,000 after buying an additional 3,054 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Insider Transactions at Emerson Electric

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 completion of the transaction, the chief executive officer now owns 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.50% of the company's stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded up $1.91 during trading on Thursday, reaching $123.52. The company's stock had a trading volume of 899,767 shares, compared to its average volume of 2,916,830. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average price of $109.17 and a 200-day moving average price of $118.66. The company has a market capitalization of $69.48 billion, a P/E ratio of 29.44, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. 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 posted 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. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Emerson Electric's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.36 EPS. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be given a $0.5275 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.71%. Emerson Electric's payout ratio is 50.48%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Barclays raised their price target on shares of Emerson Electric from $104.00 to $112.00 and gave the stock an "underweight" rating in a research report on Friday, May 30th. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Citigroup upped their price objective on shares of Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a research report on Wednesday. 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 report on Thursday, May 8th. Finally, JPMorgan Chase & Co. upped their target price on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Two equities research 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 company. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of "Moderate Buy" and an average price target of $134.65.

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.