NorthCrest Asset Manangement LLC Acquires 2,422 Shares of Emerson Electric Co. (NYSE:EMR)

NorthCrest Asset Manangement LLC raised its holdings in Emerson Electric Co. (NYSE:EMR) by 1.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 147,899 shares of the industrial products company’s stock after purchasing an additional 2,422 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Emerson Electric were worth $16,216,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Sky Investment Group LLC boosted its holdings in Emerson Electric by 0.4% in the 1st quarter. Sky Investment Group LLC now owns 63,204 shares of the industrial products company’s stock valued at $6,930,000 after purchasing an additional 265 shares during the period. Liberty Capital Management Inc. boosted its holdings in Emerson Electric by 1.8% in the 1st quarter. Liberty Capital Management Inc. now owns 6,083 shares of the industrial products company’s stock valued at $667,000 after purchasing an additional 110 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its holdings in Emerson Electric by 3.2% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 11,360 shares of the industrial products company’s stock valued at $1,246,000 after purchasing an additional 350 shares during the period. Allen Mooney & Barnes Investment Advisors LLC lifted its holdings in shares of Emerson Electric by 6.9% during the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 2,210 shares of the industrial products company’s stock worth $242,000 after acquiring an additional 142 shares during the period. Finally, GPS Wealth Strategies Group LLC lifted its holdings in shares of Emerson Electric by 19.7% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 656 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 108 shares during the period. Institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm’s stock in a transaction on Thursday, May 8th. The shares were 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 approximately $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Wall Street Zen raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Robert W. Baird dropped their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Royal Bank of Canada increased their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Finally, Citigroup increased their price objective on shares of Emerson Electric from $133.00 to $146.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.00.

Emerson Electric Trading Up 0.2%

EMR opened at $126.73 on Friday. The stock has a market cap of $71.29 billion, a PE ratio of 30.25, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. The company has a fifty day moving average of $111.72 and a 200-day moving average of $118.47. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

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

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is 50.48%.

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.