Sava Infond d.o.o. lessened its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 31.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,640 shares of the industrial products company's stock after selling 3,000 shares during the quarter. Sava Infond d.o.o.'s holdings in Emerson Electric were worth $728,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new position in shares of Emerson Electric during the 4th quarter worth about $25,000. Vega Investment Solutions bought a new position in shares of Emerson Electric during the 4th quarter worth about $27,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Emerson Electric during the 4th quarter worth about $28,000. Inlight Wealth Management LLC bought a new position in shares of Emerson Electric during the 1st quarter worth about $28,000. Finally, Ameriflex Group Inc. bought a new position in shares of Emerson Electric during the 4th quarter worth about $30,000. 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 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 now directly owns 164,957 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through this link. 0.50% of the stock is owned by company insiders.
Emerson Electric Price Performance
NYSE:EMR traded up $0.43 on Friday, reaching $133.16. The stock had a trading volume of 4,286,946 shares, compared to its average volume of 2,984,568. The company has a market capitalization of $74.90 billion, a P/E ratio of 31.86, a price-to-earnings-growth ratio of 2.62 and a beta of 1.28. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. The stock has a fifty day moving average price of $118.27 and a 200-day moving average price of $118.24.
Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company'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 earnings per share. Research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.
Emerson Electric Announces Dividend
The company also recently declared 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 was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.58%. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.
Wall Street Analysts Forecast Growth
EMR has been the topic of several research reports. Royal Bank Of Canada boosted their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. JPMorgan Chase & Co. boosted their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Barclays upped their target price on shares of Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a research note on Monday, June 9th. Finally, KeyCorp upped their target price on shares of Emerson Electric from $125.00 to $150.00 and gave the company an "overweight" rating in a research note on Friday, June 13th. 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $136.47.
Check Out Our Latest Report on Emerson Electric
About Emerson Electric
(
Free Report)
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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