St. James Investment Company LLC Takes Position in Emerson Electric Co. (NYSE:EMR)

St. James Investment Company LLC bought a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,605 shares of the industrial products company's stock, valued at approximately $286,000. Emerson Electric makes up about 0.0% of St. James Investment Company LLC's holdings, making the stock its 28th largest holding.

Several other large investors have also recently bought and sold shares of the stock. Unison Advisors LLC boosted its holdings in shares of Emerson Electric by 0.5% in the fourth quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock valued at $2,629,000 after acquiring an additional 98 shares in the last quarter. Texas Yale Capital Corp. lifted its position in Emerson Electric by 0.7% in the fourth quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company's stock worth $1,833,000 after purchasing an additional 100 shares during the period. Ecofi Investissements SA boosted its stake in Emerson Electric by 0.3% during the 4th quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company's stock valued at $4,111,000 after purchasing an additional 100 shares in the last quarter. Donaldson Capital Management LLC increased its position in shares of Emerson Electric by 2.1% during the 4th quarter. Donaldson Capital Management LLC now owns 5,288 shares of the industrial products company's stock valued at $655,000 after purchasing an additional 107 shares during the period. Finally, GPS Wealth Strategies Group LLC raised its stake in shares of Emerson Electric by 19.7% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 656 shares of the industrial products company's stock worth $72,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Down 0.4%

Shares of Emerson Electric stock traded down $0.50 during midday trading on Friday, hitting $137.30. The company's stock had a trading volume of 1,475,984 shares, compared to its average volume of 2,985,133. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $139.90. 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 firm has a market capitalization of $77.23 billion, a P/E ratio of 32.85, a PEG ratio of 2.71 and a beta of 1.29. The stock has a 50-day simple moving average of $121.74 and a 200-day simple moving average of $118.40.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The business's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $1.36 EPS. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's payout ratio is presently 50.48%.

Insider Transactions at Emerson Electric

In other Emerson Electric 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 owned 164,957 shares of the company's stock, valued at $18,694,576.81. This trade represents a 9.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Citigroup lifted their target price on Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Barclays lifted their price objective on shares of Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a research note on Monday, June 9th. KeyCorp increased their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Robert W. Baird decreased their price target on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $138.61.

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.