Graham Capital Management L.P. Purchases New Stake in Emerson Electric Co. (NYSE:EMR)

Graham Capital Management L.P. acquired a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,500 shares of the industrial products company's stock, valued at approximately $1,301,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of EMR. Czech National Bank lifted its position in shares of Emerson Electric by 6.0% in the fourth quarter. Czech National Bank now owns 123,631 shares of the industrial products company's stock valued at $15,322,000 after buying an additional 6,966 shares during the last quarter. Matrix Trust Co lifted its position in shares of Emerson Electric by 291.5% in the fourth quarter. Matrix Trust Co now owns 1,558 shares of the industrial products company's stock valued at $193,000 after buying an additional 1,160 shares during the last quarter. Clark & Stuart Inc acquired a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $1,503,000. Fiduciary Alliance LLC acquired a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $1,112,000. Finally, Trust Co. of Toledo NA OH lifted its position in shares of Emerson Electric by 8.2% in the fourth quarter. Trust Co. of Toledo NA OH now owns 17,699 shares of the industrial products company's stock valued at $2,193,000 after buying an additional 1,337 shares during the last quarter. Institutional investors own 74.30% of the company's stock.

Insider Buying and Selling at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction dated 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 directly owns 164,957 shares of the company's stock, valued at $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.50% of the company's stock.

Emerson Electric Price Performance

EMR stock traded up $0.33 during midday trading on Friday, reaching $120.58. 2,712,218 shares of the stock were exchanged, compared to its average volume of 2,899,645. The stock has a market capitalization of $67.83 billion, a PE ratio of 28.78, a P/E/G ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. 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 company has a fifty day moving average price of $107.20 and a 200 day moving average price of $118.78.

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 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 business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the previous year, the company posted $1.36 EPS. Emerson Electric's quarterly revenue was up 1.3% compared to the same quarter last year. As a group, analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business 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 $0.5275 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.75%. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 target price for the company. 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 lifted their price target on shares of Emerson Electric from $99.00 to $104.00 and gave the company an "underweight" rating in a research report on Thursday, May 8th. Wells Fargo & Company increased their price target on Emerson Electric from $110.00 to $121.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, KeyCorp dropped 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. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has assigned 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 $132.24.

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.