Sarasin & Partners LLP Trims Position in Emerson Electric Co. (NYSE:EMR)

Sarasin & Partners LLP decreased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 54.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 800,499 shares of the industrial products company's stock after selling 965,731 shares during the period. Sarasin & Partners LLP owned approximately 0.14% of Emerson Electric worth $87,551,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in EMR. NBC Securities Inc. boosted its stake in Emerson Electric by 99,293.8% in the 1st quarter. NBC Securities Inc. now owns 15,903 shares of the industrial products company's stock worth $1,743,000 after purchasing an additional 15,887 shares during the period. Fiduciary Alliance LLC boosted its stake in Emerson Electric by 1.6% in the 1st quarter. Fiduciary Alliance LLC now owns 9,114 shares of the industrial products company's stock worth $999,000 after purchasing an additional 141 shares during the period. Woodstock Corp boosted its stake in Emerson Electric by 3.0% in the 1st quarter. Woodstock Corp now owns 96,105 shares of the industrial products company's stock worth $10,537,000 after purchasing an additional 2,770 shares during the period. Czech National Bank boosted its stake in Emerson Electric by 4.8% in the 1st quarter. Czech National Bank now owns 129,519 shares of the industrial products company's stock worth $14,200,000 after purchasing an additional 5,888 shares during the period. Finally, 180 Wealth Advisors LLC boosted its stake in Emerson Electric by 3.8% in the 1st quarter. 180 Wealth Advisors LLC now owns 27,667 shares of the industrial products company's stock worth $3,033,000 after purchasing an additional 1,021 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

Analysts Set New Price Targets

EMR has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Morgan Stanley increased their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research note on Thursday, February 6th. Wells Fargo & Company increased their price objective on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Robert W. Baird reduced their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Finally, KeyCorp dropped their target price on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Two research 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $134.65.

Emerson Electric Price Performance

Shares of EMR traded up $1.25 during mid-day trading on Thursday, reaching $122.86. The stock had a trading volume of 1,307,671 shares, compared to its average volume of 2,918,774. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. The business has a fifty day moving average of $109.17 and a 200 day moving average of $118.66. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The firm has a market cap of $69.11 billion, a price-to-earnings ratio of 29.32, a PEG ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The company's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 earnings per share. Equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric's dividend payout ratio is currently 50.48%.

Insider Activity

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's 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 transaction, the chief executive officer now directly owns 164,957 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 0.50% of the company's stock.

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.