Kinloch Capital LLC Buys 853 Shares of Emerson Electric Co. (NYSE:EMR)

Kinloch Capital LLC raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,743 shares of the industrial products company’s stock after buying an additional 853 shares during the period. Emerson Electric comprises approximately 2.3% of Kinloch Capital LLC’s investment portfolio, making the stock its 10th biggest position. Kinloch Capital LLC’s holdings in Emerson Electric were worth $4,677,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Merit Financial Group LLC boosted its stake in Emerson Electric by 59.4% in the 4th quarter. Merit Financial Group LLC now owns 23,695 shares of the industrial products company’s stock worth $2,937,000 after purchasing an additional 8,834 shares during the period. HB Wealth Management LLC boosted its stake in Emerson Electric by 14.1% in the 4th quarter. HB Wealth Management LLC now owns 29,374 shares of the industrial products company’s stock worth $3,640,000 after purchasing an additional 3,636 shares during the period. Ameritas Advisory Services LLC boosted its stake in Emerson Electric by 2.8% in the 4th quarter. Ameritas Advisory Services LLC now owns 15,516 shares of the industrial products company’s stock worth $1,923,000 after purchasing an additional 429 shares during the period. Kera Capital Partners Inc. acquired a new position in Emerson Electric in the 4th quarter worth approximately $206,000. Finally, Moss Adams Wealth Advisors LLC purchased a new stake in Emerson Electric in the 4th quarter worth approximately $201,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Performance

Shares of EMR opened at $119.58 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The company has a market capitalization of $67.26 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. The company’s fifty day moving average price is $107.58 and its 200 day moving average price is $119.09. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85.

Emerson Electric (NYSE:EMR) last posted its quarterly 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 company 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%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the business posted $1.36 EPS. As a group, analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.76%. Emerson Electric’s dividend payout ratio is 50.48%.

Insiders Place Their Bets

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric 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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EMR shares. Robert W. Baird cut their target price on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. JPMorgan Chase & Co. increased their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price for the company. Royal Bank of Canada increased their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Finally, Barclays raised their price target on shares of Emerson Electric from $99.00 to $104.00 and gave the company an “underweight” rating in a report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.24.

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.