Sawyer & Company Inc reduced its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 13.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,315 shares of the industrial products company's stock after selling 2,959 shares during the quarter. Sawyer & Company Inc's holdings in Emerson Electric were worth $2,008,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. PFG Investments LLC raised its stake in Emerson Electric by 4.5% during the 1st quarter. PFG Investments LLC now owns 17,195 shares of the industrial products company's stock worth $1,885,000 after buying an additional 736 shares during the period. Advocate Group LLC raised its stake in shares of Emerson Electric by 3.7% in the first quarter. Advocate Group LLC now owns 76,467 shares of the industrial products company's stock worth $8,384,000 after purchasing an additional 2,716 shares during the last quarter. Dupont Capital Management Corp raised its stake in shares of Emerson Electric by 29.5% in the first quarter. Dupont Capital Management Corp now owns 64,864 shares of the industrial products company's stock worth $7,112,000 after purchasing an additional 14,767 shares during the last quarter. Covea Finance raised its stake in shares of Emerson Electric by 31.0% in the first quarter. Covea Finance now owns 298,760 shares of the industrial products company's stock worth $32,756,000 after purchasing an additional 70,760 shares during the last quarter. Finally, Segment Wealth Management LLC raised its stake in shares of Emerson Electric by 29.3% in the first quarter. Segment Wealth Management LLC now owns 7,876 shares of the industrial products company's stock worth $864,000 after purchasing an additional 1,783 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Emerson Electric
In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.50% of the stock is owned by insiders.
Emerson Electric Stock Down 0.3%
Shares of NYSE EMR opened at $128.30 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. The company has a market cap of $72.17 billion, a P/E ratio of 30.69, a PEG ratio of 2.54 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 firm has a 50-day simple moving average of $115.14 and a two-hundred day simple moving average of $118.26.
Emerson Electric (NYSE:EMR - Get Free Report) last announced 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 business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The firm's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.36 earnings per share. Research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.
Emerson Electric Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were paid a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.64%. Emerson Electric's dividend payout ratio (DPR) is 50.48%.
Analyst Upgrades and Downgrades
Several analysts have recently commented on EMR shares. Robert W. Baird lowered their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Wells Fargo & Company upped their target price on Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. 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. Finally, Barclays upped their target price on Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a report on Monday, June 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $136.47.
Read Our Latest Stock 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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Emerson Electric, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Emerson Electric wasn't on the list.
While Emerson Electric currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
