Teamwork Financial Advisors LLC Has $4.88 Million Stake in Emerson Electric Co. (NYSE:EMR)

Teamwork Financial Advisors LLC grew its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 73.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,462 shares of the industrial products company's stock after acquiring an additional 18,816 shares during the quarter. Teamwork Financial Advisors LLC's holdings in Emerson Electric were worth $4,875,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in EMR. Stephens Consulting LLC acquired a new stake in Emerson Electric in the 4th quarter valued at $25,000. Orion Capital Management LLC bought a new position in shares of Emerson Electric in the 4th quarter valued at about $25,000. Vega Investment Solutions acquired a new stake in shares of Emerson Electric in the fourth quarter valued at about $27,000. Murphy & Mullick Capital Management Corp bought a new stake in Emerson Electric during the fourth quarter worth about $28,000. Finally, YANKCOM Partnership acquired a new position in Emerson Electric during the fourth quarter valued at approximately $30,000. 74.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EMR. Morgan Stanley upped their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research note on Thursday, February 6th. Barclays upped their price target on shares of Emerson Electric from $104.00 to $112.00 and gave the stock an "underweight" rating in a research report on Friday, May 30th. Robert W. Baird lowered their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Citigroup raised their target price on shares of Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Royal Bank of Canada boosted their price target on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $134.65.

Insiders Place Their Bets

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the 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 completion of the transaction, the chief executive officer now owns 164,957 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company's stock.

Emerson Electric Stock Performance

NYSE EMR traded up $0.88 on Friday, reaching $123.38. The stock had a trading volume of 1,756,419 shares, compared to its average volume of 2,923,699. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm has a fifty day moving average of $109.43 and a two-hundred day moving average of $118.61. The company has a market cap of $69.40 billion, a P/E ratio of 29.45, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last announced 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 company had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The business's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the firm earned $1.36 earnings per share. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.71%. Emerson Electric's dividend payout ratio is 50.48%.

Emerson Electric Company 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.