Emerson Electric Co. (NYSE:EMR) Holdings Increased by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton lifted its stake in Emerson Electric Co. (NYSE:EMR) by 5.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,017 shares of the industrial products company’s stock after acquiring an additional 101 shares during the period. Rosenberg Matthew Hamilton’s holdings in Emerson Electric were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Stokes Family Office LLC boosted its stake in Emerson Electric by 94.8% during the 4th quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company’s stock valued at $1,141,000 after purchasing an additional 4,480 shares in the last quarter. Clark Capital Management Group Inc. boosted its stake in Emerson Electric by 7.7% during the fourth quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company’s stock valued at $749,000 after buying an additional 434 shares in the last quarter. World Investment Advisors grew its holdings in Emerson Electric by 41.2% during the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company’s stock worth $2,581,000 after acquiring an additional 6,079 shares during the period. Geode Capital Management LLC raised its position in Emerson Electric by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company’s stock worth $1,443,725,000 after acquiring an additional 232,540 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Emerson Electric in the 4th quarter valued at about $297,947,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction that occurred on 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 owned 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. KeyCorp lifted their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday. Bank of America increased their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday. Robert W. Baird decreased their target price 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, Wall Street Zen raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $138.61.

Emerson Electric Stock Up 1.7%

EMR opened at $137.81 on Thursday. The company has a market capitalization of $77.52 billion, a PE ratio of 32.97, a price-to-earnings-growth ratio of 2.63 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $138.12. The business has a 50-day moving average of $120.46 and a 200-day moving average of $118.34.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data 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. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.36 earnings per share. Equities research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric’s dividend payout ratio is 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.