Short Interest in Emerson Electric Co. (NYSE:EMR) Rises By 6.3%

Emerson Electric Co. (NYSE:EMR) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 6,410,000 shares, a growth of 6.3% from the March 31st total of 6,030,000 shares. Based on an average trading volume of 2,680,000 shares, the short-interest ratio is currently 2.4 days. Approximately 1.1% of the shares of the stock are sold short.

Insider Activity

In related news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the sale, the director now directly owns 9,591 shares in the company, valued at $989,599.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.25% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Mitchell Mcleod Pugh & Williams Inc. raised its holdings in Emerson Electric by 2.1% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,575 shares of the industrial products company’s stock worth $632,000 after acquiring an additional 114 shares during the period. Fortem Financial Group LLC raised its holdings in Emerson Electric by 7.5% in the 1st quarter. Fortem Financial Group LLC now owns 21,697 shares of the industrial products company’s stock worth $2,461,000 after acquiring an additional 1,522 shares during the period. StoneX Group Inc. raised its holdings in Emerson Electric by 31.0% in the 1st quarter. StoneX Group Inc. now owns 17,875 shares of the industrial products company’s stock worth $2,027,000 after acquiring an additional 4,225 shares during the period. Prosperity Consulting Group LLC bought a new position in Emerson Electric in the 1st quarter worth $507,000. Finally, Diversify Advisory Services LLC bought a new position in Emerson Electric in the 1st quarter worth $588,000. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group raised their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. KeyCorp raised their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Citigroup raised their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Royal Bank of Canada raised their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Finally, Mizuho raised their price objective on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.25.

Emerson Electric Stock Down 1.2 %

Emerson Electric stock opened at $106.45 on Thursday. The company has a market capitalization of $60.76 billion, a P/E ratio of 5.54, a P/E/G ratio of 1.87 and a beta of 1.36. The firm’s fifty day simple moving average is $110.55 and its 200-day simple moving average is $99.56. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. Emerson Electric has a 1-year low of $76.94 and a 1-year high of $115.26.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. The business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. Emerson Electric’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 EPS. Sell-side analysts forecast that Emerson Electric will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.97%. Emerson Electric’s dividend payout ratio is currently 10.94%.

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.