Tema Etfs LLC Takes Position in Emerson Electric Co. (NYSE:EMR)

Tema Etfs LLC purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 36,960 shares of the industrial products company’s stock, valued at approximately $4,580,000. Emerson Electric comprises about 1.9% of Tema Etfs LLC’s portfolio, making the stock its 16th largest position.

Several other large investors have also recently modified their holdings of the business. GDS Wealth Management raised its stake in shares of Emerson Electric by 2.0% during the fourth quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock valued at $491,000 after acquiring an additional 79 shares during the last quarter. Mcdonald Partners LLC raised its stake in shares of Emerson Electric by 0.6% during the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company’s stock valued at $1,761,000 after acquiring an additional 81 shares during the last quarter. Berkshire Bank raised its stake in shares of Emerson Electric by 3.6% during the fourth quarter. Berkshire Bank now owns 2,588 shares of the industrial products company’s stock valued at $321,000 after acquiring an additional 89 shares during the last quarter. Little House Capital LLC raised its stake in shares of Emerson Electric by 0.5% during the fourth quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company’s stock valued at $2,108,000 after acquiring an additional 89 shares during the last quarter. Finally, Grove Bank & Trust raised its stake in Emerson Electric by 5.4% during the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock worth $217,000 after buying an additional 90 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EMR. Robert W. Baird cut their price target on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. KeyCorp lowered their price objective on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. lifted their price objective on Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday. Citigroup lifted their price objective on Emerson Electric from $119.00 to $127.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Finally, StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $132.24.

Emerson Electric Stock Up 0.3%

Shares of NYSE EMR opened at $120.58 on Friday. The stock has a market capitalization of $67.83 billion, a P/E ratio of 28.78, a P/E/G ratio of 2.49 and a beta of 1.26. The company has a 50-day moving average price of $107.40 and a 200-day moving average price of $118.93. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. 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 (NYSE:EMR) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.07. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the company earned $1.36 earnings per share. On average, equities research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Friday, May 16th. Emerson Electric’s dividend payout ratio is currently 50.48%.

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.