Impact Capital Partners LLC Boosts Holdings in Emerson Electric Co. (NYSE:EMR)

Impact Capital Partners LLC boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 9.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,838 shares of the industrial products company’s stock after buying an additional 156 shares during the quarter. Impact Capital Partners LLC’s holdings in Emerson Electric were worth $202,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EMR. Orion Capital Management LLC purchased a new position in Emerson Electric during the fourth quarter worth $25,000. Vega Investment Solutions purchased a new position in Emerson Electric during the fourth quarter worth $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Emerson Electric during the fourth quarter worth $28,000. Ameriflex Group Inc. purchased a new position in Emerson Electric during the fourth quarter worth $30,000. Finally, Meeder Asset Management Inc. boosted its stake in Emerson Electric by 208.2% during the fourth quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company’s stock worth $37,000 after buying an additional 202 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company’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 owns 164,957 shares in the company, valued at $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Emerson Electric Stock Performance

EMR stock opened at $123.68 on Friday. 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 business has a 50-day moving average price of $109.70 and a 200 day moving average price of $118.50. The company has a market capitalization of $69.57 billion, a P/E ratio of 29.52, a PEG ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85.

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

Emerson Electric Dividend Announcement

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 issued a $0.5275 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.71%. Emerson Electric’s dividend payout ratio is presently 50.48%.

Analyst Ratings Changes

A number of analysts have recently issued reports on EMR shares. 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 lowered 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 note on Thursday, May 8th. Wells Fargo & Company boosted their target price on shares of Emerson Electric from $121.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st. Citigroup boosted their target price on shares of Emerson Electric from $133.00 to $146.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Barclays boosted their target price on shares of Emerson Electric from $104.00 to $112.00 and gave the company an “underweight” rating in a research note on Friday, May 30th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.65.

Emerson Electric 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.