InTrack Investment Management Inc Has $217,000 Stake in Emerson Electric Co. (NYSE:EMR)

InTrack Investment Management Inc lowered its stake in Emerson Electric Co. (NYSE:EMR) by 66.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,978 shares of the industrial products company’s stock after selling 3,991 shares during the period. InTrack Investment Management Inc’s holdings in Emerson Electric were worth $217,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of EMR. Mcdonald Partners LLC boosted its stake in shares of Emerson Electric by 0.6% during the 4th quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company’s stock worth $1,761,000 after acquiring an additional 81 shares during the period. Little House Capital LLC lifted its holdings in Emerson Electric by 0.5% during the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company’s stock valued at $2,108,000 after purchasing an additional 89 shares during the last quarter. Pittenger & Anderson Inc. boosted its position in Emerson Electric by 0.3% during the fourth quarter. Pittenger & Anderson Inc. now owns 36,035 shares of the industrial products company’s stock worth $4,466,000 after purchasing an additional 95 shares during the period. Unison Advisors LLC increased its holdings in shares of Emerson Electric by 0.5% in the fourth quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company’s stock valued at $2,629,000 after purchasing an additional 98 shares during the last quarter. Finally, Redmond Asset Management LLC raised its position in shares of Emerson Electric by 4.6% in the fourth quarter. Redmond Asset Management LLC now owns 2,260 shares of the industrial products company’s stock valued at $280,000 after purchasing an additional 100 shares during the period. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wall Street Zen raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, May 9th. KeyCorp decreased their target price on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. lifted their price target on Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Robert W. Baird decreased their price objective on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Finally, Royal Bank of Canada increased their price objective on Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $135.00.

Emerson Electric Trading Up 1.1%

Shares of Emerson Electric stock opened at $126.98 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.54 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 company has a market capitalization of $71.43 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 2.49 and a beta of 1.28. The firm’s 50-day moving average price is $110.49 and its two-hundred day moving average price is $118.46.

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. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter last year, the business posted $1.36 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.66%. Emerson Electric’s dividend payout ratio is currently 50.48%.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the transaction, the chief executive officer now owns 164,957 shares of the company’s stock, valued at $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by insiders.

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.