Emerson Electric Co. (NYSE:EMR) CEO Sells $1,892,384.34 in Stock

Emerson Electric Co. (NYSE:EMR) 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 transaction of $1,892,384.34. Following the completion of 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 SEC, which is available through the SEC website.

Emerson Electric Trading Up 0.2%

Emerson Electric stock opened at $112.55 on Monday. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. The stock’s 50 day simple moving average is $106.79 and its two-hundred day simple moving average is $118.59. The firm has a market cap of $63.31 billion, a PE ratio of 26.86, a P/E/G ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the prior year, the company posted $1.36 EPS. The business’s quarterly revenue was up 1.3% on a year-over-year basis. Analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Friday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.48%.

Institutional Trading of Emerson Electric

Hedge funds and other institutional investors have recently modified their holdings of the stock. Stokes Family Office LLC increased its stake in shares of Emerson Electric by 94.8% in the 4th quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company’s stock worth $1,141,000 after acquiring an additional 4,480 shares during the last quarter. GHP Investment Advisors Inc. increased its position in shares of Emerson Electric by 8.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock worth $10,187,000 after purchasing an additional 6,321 shares during the last quarter. Clark Capital Management Group Inc. increased its position in shares of Emerson Electric by 7.7% during the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company’s stock worth $749,000 after purchasing an additional 434 shares during the last quarter. World Investment Advisors increased its position in shares of Emerson Electric by 41.2% during the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company’s stock worth $2,581,000 after purchasing an additional 6,079 shares during the last quarter. Finally, Howland Capital Management LLC increased its position in shares of Emerson Electric by 13.0% during the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company’s stock worth $3,283,000 after purchasing an additional 3,054 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on EMR. JPMorgan Chase & Co. cut their target price on shares of Emerson Electric from $135.00 to $110.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective for the company. Royal Bank of Canada lifted their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday. KeyCorp dropped their price objective on shares of Emerson Electric from $158.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $110.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.88.

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.