Capital Investment Advisors LLC Acquires 125 Shares of Emerson Electric Co. (NYSE:EMR)

Capital Investment Advisors LLC boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,163 shares of the industrial products company’s stock after purchasing an additional 125 shares during the quarter. Capital Investment Advisors LLC’s holdings in Emerson Electric were worth $2,540,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in Emerson Electric during the fourth quarter worth about $25,000. Vega Investment Solutions acquired a new stake in Emerson Electric during the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Emerson Electric during the fourth quarter worth $28,000. Ameriflex Group Inc. bought a new stake in Emerson Electric in the 4th quarter valued at $30,000. Finally, Meeder Asset Management Inc. boosted its stake in Emerson Electric by 208.2% in the 4th quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 202 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.0%

NYSE:EMR opened at $123.68 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85. The company has a market cap of $69.57 billion, a PE ratio of 29.52, a P/E/G ratio of 2.49 and a beta of 1.28. The firm’s 50 day simple moving average is $109.70 and its 200 day simple moving average is $118.43.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.36 earnings per share. On average, research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric’s dividend payout ratio is currently 50.48%.

Analyst Ratings Changes

A number of brokerages have recently commented on EMR. KeyCorp cut their price target on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Citigroup increased their price target on Emerson Electric from $133.00 to $146.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Wall Street Zen upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Barclays raised their target price on shares of Emerson Electric from $104.00 to $112.00 and gave the company an “underweight” rating in a research note on Friday, May 30th. Finally, JPMorgan Chase & Co. upped their price objective on Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $134.65.

Insider Buying and Selling at Emerson Electric

In related 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 transaction of $1,892,384.34. Following the completion of the sale, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.50% of the company’s stock.

Emerson Electric Company 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.