Triglav Skladi D.O.O. Purchases New Holdings in Emerson Electric Co. (NYSE:EMR)

Triglav Skladi D.O.O. purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 146,960 shares of the industrial products company's stock, valued at approximately $18,213,000. Emerson Electric comprises 1.4% of Triglav Skladi D.O.O.'s portfolio, making the stock its 19th biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Stokes Family Office LLC increased its position in shares of Emerson Electric by 94.8% during the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock valued at $1,141,000 after acquiring an additional 4,480 shares during the last quarter. GHP Investment Advisors Inc. grew its holdings in Emerson Electric by 8.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock valued at $10,187,000 after purchasing an additional 6,321 shares during the period. Clark Capital Management Group Inc. grew its holdings in Emerson Electric by 7.7% during the fourth quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock valued at $749,000 after purchasing an additional 434 shares during the period. World Investment Advisors grew its holdings in Emerson Electric by 41.2% during the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock valued at $2,581,000 after purchasing an additional 6,079 shares during the period. Finally, Howland Capital Management LLC grew its holdings in Emerson Electric by 13.0% during the fourth quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock valued at $3,283,000 after purchasing an additional 3,054 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EMR has been the subject of several research reports. Daiwa America raised Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. Wells Fargo & Company increased their price objective on Emerson Electric from $110.00 to $121.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. KeyCorp reduced their price objective on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Royal Bank of Canada raised their price target on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $132.24.

Emerson Electric Trading Up 0.3%

Shares of EMR stock opened at $120.58 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85. The company has a market capitalization of $67.83 billion, a PE ratio of 28.78, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. The business's fifty day moving average is $107.40 and its 200 day moving average is $119.01.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter last year, the business posted $1.36 earnings per share. The firm's revenue was up 1.3% compared to the same quarter last year. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be given a dividend of $0.5275 per share. The ex-dividend date is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.75%. Emerson Electric's payout ratio is 50.48%.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the sale, the chief executive officer now owns 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.50% of the company's stock.

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.

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