Voloridge Investment Management LLC Sells 48,551 Shares of Emerson Electric Co. (NYSE:EMR)

Voloridge Investment Management LLC lessened its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 78.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,242 shares of the industrial products company's stock after selling 48,551 shares during the period. Voloridge Investment Management LLC's holdings in Emerson Electric were worth $1,641,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in EMR. GDS Wealth Management grew 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 valued at $491,000 after buying an additional 79 shares in the last quarter. Mcdonald Partners LLC boosted its position 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 valued at $1,761,000 after acquiring an additional 81 shares during the period. Little House Capital LLC grew its stake in shares of Emerson Electric by 0.5% in the fourth quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock valued at $2,108,000 after acquiring an additional 89 shares in the last quarter. Sargent Investment Group LLC increased its position in Emerson Electric by 0.5% during the fourth 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 period. Finally, Pittenger & Anderson Inc. raised its stake in Emerson Electric by 0.3% in the 4th quarter. Pittenger & Anderson Inc. now owns 36,035 shares of the industrial products company's stock worth $4,466,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction 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 sale, the chief executive officer now owns 164,957 shares of the company's stock, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EMR shares. Robert W. Baird decreased their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Barclays increased their price target on Emerson Electric from $104.00 to $112.00 and gave the stock an "underweight" rating in a research report on Friday. Citigroup lifted their price objective on Emerson Electric from $119.00 to $127.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Royal Bank of Canada increased their target price on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. raised their price target on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $133.53.

Emerson Electric Price Performance

NYSE:EMR traded down $0.54 on Monday, hitting $118.84. The company had a trading volume of 2,102,136 shares, compared to its average volume of 2,927,774. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $66.85 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 2.49 and a beta of 1.26. The firm has a 50 day moving average of $108.74 and a two-hundred day moving average of $118.62.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating analysts' consensus estimates 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 12.08% and a net margin of 13.74%. Emerson Electric's revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.36 EPS. On average, research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric's dividend payout ratio is currently 50.48%.

About Emerson Electric

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.