Nearwater Capital Markets Ltd Purchases New Stake in Emerson Electric Co. (NYSE:EMR)

Nearwater Capital Markets Ltd purchased a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 80,225 shares of the industrial products company's stock, valued at approximately $9,942,000.

A number of other institutional investors have also made changes to their positions in EMR. GDS Wealth Management increased its position in Emerson Electric by 2.0% in the fourth quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock worth $491,000 after purchasing an additional 79 shares during the period. Mcdonald Partners LLC increased its position in Emerson Electric by 0.6% in the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock worth $1,761,000 after purchasing an additional 81 shares during the period. Berkshire Bank increased its position in Emerson Electric by 3.6% in the fourth quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock worth $321,000 after purchasing an additional 89 shares during the period. Little House Capital LLC increased its position in 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 worth $2,108,000 after purchasing an additional 89 shares during the period. Finally, Grove Bank & Trust increased its position in Emerson Electric by 5.4% in the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock worth $217,000 after purchasing an additional 90 shares during the period. 74.30% of the stock is owned by institutional investors.

Insider Transactions at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction that occurred on 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 represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.50% of the company's stock.

Emerson Electric Stock Up 0.3%

NYSE EMR traded up $0.33 during trading on Friday, hitting $120.58. The stock had a trading volume of 2,712,218 shares, compared to its average volume of 2,903,534. The company 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. The company's 50-day moving average price is $107.40 and its two-hundred day moving average price is $118.87. 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.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.41 by $0.07. The firm had revenue of $4.43 billion for 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%. The business's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.36 EPS. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EMR. Daiwa Capital Markets assumed coverage on Emerson Electric in a research report on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price objective for the company. Barclays boosted their target price on Emerson Electric from $99.00 to $104.00 and gave the stock an "underweight" rating in a research report on Thursday, May 8th. StockNews.com upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Morgan Stanley boosted their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research report on Thursday, February 6th. Finally, KeyCorp decreased their target price on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.