Woodstock Corp Raises Holdings in Emerson Electric Co. (NYSE:EMR)

Woodstock Corp increased its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,105 shares of the industrial products company's stock after buying an additional 2,770 shares during the quarter. Woodstock Corp's holdings in Emerson Electric were worth $10,537,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stokes Family Office LLC lifted 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 worth $1,141,000 after purchasing an additional 4,480 shares during the last quarter. GHP Investment Advisors Inc. lifted its position in shares of 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 worth $10,187,000 after purchasing an additional 6,321 shares during the last quarter. Clark Capital Management Group Inc. lifted its position in shares of 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 worth $749,000 after purchasing an additional 434 shares during the last quarter. World Investment Advisors lifted its position in shares of Emerson Electric by 41.2% during the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock worth $2,581,000 after purchasing an additional 6,079 shares during the last quarter. Finally, Howland Capital Management LLC increased its stake in shares of 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 buying an additional 3,054 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Emerson Electric

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

Emerson Electric Price Performance

Shares of EMR traded up $1.43 during trading hours on Thursday, hitting $123.04. 1,492,942 shares of the stock were exchanged, compared to its average volume of 2,919,229. 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 12-month low of $90.06 and a 12-month high of $134.85. The company has a market cap of $69.21 billion, a price-to-earnings ratio of 29.37, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. The stock's 50-day moving average price is $109.17 and its two-hundred day moving average price is $118.66.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. 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 business earned $1.36 earnings per share. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. Research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Robert W. Baird cut their price target on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Citigroup raised their price target on Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a research note on Wednesday. Royal Bank of Canada raised their price target on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Wells Fargo & Company raised their price target on Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Finally, Morgan Stanley lifted their target price on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $134.65.

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.