Emerson Electric Co. (NYSE:EMR) Shares Purchased by Argentarii LLC

Argentarii LLC lifted its position in Emerson Electric Co. (NYSE:EMR) by 3.2% during the first quarter, HoldingsChannel.com reports. The fund owned 13,063 shares of the industrial products company’s stock after acquiring an additional 400 shares during the period. Argentarii LLC’s holdings in Emerson Electric were worth $1,432,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new position in Emerson Electric during the fourth quarter worth $25,000. Vega Investment Solutions acquired a new position in Emerson Electric during the fourth quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Emerson Electric during the fourth quarter worth $28,000. Inlight Wealth Management LLC acquired a new position in Emerson Electric during the first quarter worth $28,000. Finally, Fourth Dimension Wealth LLC boosted its stake in Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after buying an additional 154 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the 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 completion of the transaction, the chief executive officer directly owned 164,957 shares of the company’s stock, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of recent research reports. Wells Fargo & Company boosted their price objective on Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Citigroup lifted their target price on Emerson Electric from $133.00 to $146.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Bank of America lifted their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday. KeyCorp lifted their target price on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. Finally, Wall Street Zen upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $138.61.

Emerson Electric Stock Down 0.4%

Shares of NYSE EMR opened at $137.30 on Friday. The stock has a market cap of $77.23 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 2.71 and a beta of 1.29. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $139.90. The business has a 50-day moving average price of $121.74 and a 200 day moving average price of $118.43.

Emerson Electric (NYSE:EMR) last posted 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 13.22% and a net margin of 13.60%. The company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same period last year, the firm earned $1.36 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Friday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is 50.48%.

Emerson Electric 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.