Emerson Electric Co. (NYSE:EMR) Stake Lifted by Tidal Investments LLC

Tidal Investments LLC increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 627.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 200,005 shares of the industrial products company’s stock after acquiring an additional 172,514 shares during the period. Tidal Investments LLC’s holdings in Emerson Electric were worth $24,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in EMR. Stephens Consulting LLC acquired a new position in Emerson Electric during the 4th quarter worth $25,000. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric during the 4th quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Emerson Electric during the 4th quarter worth $28,000. YANKCOM Partnership acquired a new position in Emerson Electric during the 4th quarter worth $30,000. Finally, Fiduciary Advisors Inc. acquired a new position in Emerson Electric during the 4th quarter worth $35,000. 74.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 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 legal filing with the SEC, which is accessible through this link. Insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Citigroup upped their price objective on Emerson Electric from $119.00 to $127.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Morgan Stanley upped their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday, February 6th. Finally, Daiwa Capital Markets initiated coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $132.24.

Emerson Electric Trading Up 0.3%

Shares of NYSE EMR opened at $120.58 on Friday. The company has a market cap of $67.83 billion, a price-to-earnings ratio of 28.78, a P/E/G ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $107.40 and a 200-day simple moving average of $118.93.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating 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 firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the previous year, the firm earned $1.36 earnings per share. Emerson Electric’s quarterly revenue was up 1.3% on a year-over-year basis. Sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

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 given 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 currently 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.