Thurston Springer Miller Herd & Titak Inc. Acquires 6,544 Shares of Emerson Electric Co. (NYSE:EMR)

Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 28.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 29,405 shares of the industrial products company's stock after acquiring an additional 6,544 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Emerson Electric were worth $3,224,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in EMR. Mcdonald Partners LLC lifted its stake in shares of Emerson Electric by 0.6% in the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock worth $1,761,000 after buying an additional 81 shares during 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 acquiring an additional 89 shares during the period. Sargent Investment Group LLC lifted its position in Emerson Electric by 0.5% during the 4th quarter. Sargent Investment Group LLC now owns 16,986 shares of the industrial products company's stock worth $2,012,000 after acquiring an additional 90 shares during the last quarter. Pittenger & Anderson Inc. boosted its holdings in Emerson Electric by 0.3% during the fourth quarter. Pittenger & Anderson Inc. now owns 36,035 shares of the industrial products company's stock valued at $4,466,000 after acquiring an additional 95 shares during the period. Finally, Unison Advisors LLC grew its position 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 purchasing an additional 98 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of research analyst reports. Royal Bank of Canada raised their target price on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Morgan Stanley lifted their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research report on Thursday, February 6th. KeyCorp lowered their target price on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, Wells Fargo & Company raised their price objective on shares of Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $134.65.

Emerson Electric Trading Up 1.0%

Shares of Emerson Electric stock traded up $1.18 on Friday, hitting $123.68. 2,668,599 shares of the company's stock traded hands, compared to its average volume of 2,926,818. The firm's 50-day moving average price is $109.43 and its two-hundred day moving average price is $118.61. 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 stock has a market capitalization of $69.57 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results 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. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.36 earnings per share. On average, research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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

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.