Tema Etfs LLC Invests $4.58 Million in Emerson Electric Co. (NYSE:EMR)

Tema Etfs LLC purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 36,960 shares of the industrial products company's stock, valued at approximately $4,580,000. Emerson Electric accounts for approximately 1.9% of Tema Etfs LLC's holdings, making the stock its 16th largest holding.

Several other institutional investors have also added to or reduced their stakes in the company. GDS Wealth Management raised its holdings in Emerson Electric by 2.0% in the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock worth $491,000 after purchasing an additional 79 shares in the last quarter. Mcdonald Partners LLC raised its holdings in Emerson Electric by 0.6% in the 4th quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock worth $1,761,000 after purchasing an additional 81 shares in the last quarter. Berkshire Bank raised its holdings in Emerson Electric by 3.6% in the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock worth $321,000 after purchasing an additional 89 shares in the last quarter. Little House Capital LLC raised its holdings in Emerson Electric by 0.5% in the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock worth $2,108,000 after purchasing an additional 89 shares in the last quarter. Finally, Grove Bank & Trust raised its holdings in Emerson Electric by 5.4% in the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock worth $217,000 after purchasing an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Performance

Shares of EMR traded down $1.63 during mid-day trading on Tuesday, hitting $117.95. 2,770,618 shares of the company traded hands, compared to its average volume of 2,911,335. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The stock has a 50-day moving average price of $107.75 and a two-hundred day moving average price of $119.08. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The stock has a market cap of $66.35 billion, a price-to-earnings ratio of 28.15, a P/E/G ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The firm had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. During the same period in the previous year, the company earned $1.36 earnings per share. The firm's quarterly revenue was up 1.3% on a year-over-year basis. Equities analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric's payout ratio is 50.48%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EMR shares. Royal Bank of Canada upped 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. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price target for the company. StockNews.com raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Barclays boosted their price objective on shares of Emerson Electric from $99.00 to $104.00 and gave the stock an "underweight" rating in a research note on Thursday, May 8th. Finally, 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 research note on Friday. Two analysts have rated the stock with a sell rating, four have issued 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.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $132.24.

Insider Buying and Selling

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 164,957 shares of the company's stock, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.50% of the stock is currently owned by insiders.

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.