Saturna Capital Corp Has $1.40 Million Stake in Emerson Electric Co. (NYSE:EMR)

Saturna Capital Corp raised its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 40.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,801 shares of the industrial products company's stock after purchasing an additional 3,680 shares during the quarter. Saturna Capital Corp's holdings in Emerson Electric were worth $1,404,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Orion Capital Management LLC acquired a new position in shares of Emerson Electric in the fourth quarter worth $25,000. Vega Investment Solutions purchased a new stake in Emerson Electric during the fourth quarter valued at about $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Emerson Electric in the fourth quarter worth about $28,000. Inlight Wealth Management LLC acquired a new position in shares of Emerson Electric in the first quarter worth about $28,000. Finally, Fourth Dimension Wealth LLC lifted its stake in shares of Emerson Electric by 145.3% in the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock worth $29,000 after acquiring an additional 154 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Bank of America increased their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Citigroup upped their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, July 14th. KeyCorp lifted their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Finally, Wells Fargo & Company upped their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $142.28.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction on Thursday, May 8th. The stock was 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 in the company, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.50% of the company's stock.

Emerson Electric Stock Down 0.2%

NYSE:EMR traded down $0.23 during trading hours on Friday, hitting $144.16. 1,918,369 shares of the company's stock traded hands, compared to its average volume of 2,997,613. The firm has a market cap of $81.09 billion, a P/E ratio of 34.49, a P/E/G ratio of 2.80 and a beta of 1.29. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $145.28. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. The stock's fifty day moving average price is $128.27 and its two-hundred day moving average price is $119.53.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results 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 return on equity of 13.22% and a net margin of 13.60%. The business had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. During the same period in the prior year, the firm posted $1.36 EPS. Emerson Electric's quarterly revenue was up 1.3% compared to the same quarter last year. On average, research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.46%. Emerson Electric's payout ratio 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.