Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Has $925,000 Holdings in Emerson Electric Co. (NYSE:EMR)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group cut its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 23.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,433 shares of the industrial products company's stock after selling 2,585 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group's holdings in Emerson Electric were worth $925,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Orion Capital Management LLC acquired a new position in Emerson Electric during the 4th quarter worth $25,000. Vega Investment Solutions acquired a new position in Emerson Electric during the 4th quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Emerson Electric during the 4th quarter worth $28,000. Inlight Wealth Management LLC acquired a new position in Emerson Electric during the 1st quarter worth $28,000. Finally, Fourth Dimension Wealth LLC lifted its stake in shares of Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 154 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Down 0.2%

EMR stock traded down $0.23 during trading hours on Friday, reaching $144.16. 1,918,369 shares of the stock were exchanged, compared to its average volume of 2,997,613. The firm's 50-day moving average is $128.27 and its 200-day moving average is $119.53. The company has a market cap of $81.09 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 2.80 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $145.28.

Emerson Electric (NYSE:EMR - Get Free Report) last announced 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. The company had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. Emerson Electric's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 EPS. On average, equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's payout ratio is 50.48%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EMR. Stephens increased their price target on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday. Bank of America increased their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. raised their price objective on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Barclays raised their price objective on Emerson Electric from $118.00 to $125.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 9th. Finally, KeyCorp raised their price objective on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $142.28.

Insider Transactions at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's 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 sale, the chief executive officer directly owned 164,957 shares in the company, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.50% of the company's stock.

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.