Emerson Electric Co. (NYSE:EMR) Stock Position Lessened by Rockland Trust Co.

Rockland Trust Co. decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 1.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 71,664 shares of the industrial products company’s stock after selling 1,076 shares during the quarter. Rockland Trust Co.’s holdings in Emerson Electric were worth $7,857,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Emerson Electric by 3.2% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 11,360 shares of the industrial products company’s stock worth $1,246,000 after purchasing an additional 350 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC grew its stake in shares of Emerson Electric by 6.9% in the first quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 2,210 shares of the industrial products company’s stock worth $242,000 after purchasing an additional 142 shares in the last quarter. GPS Wealth Strategies Group LLC grew its stake in shares of Emerson Electric by 19.7% in the first quarter. GPS Wealth Strategies Group LLC now owns 656 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 108 shares in the last quarter. Simon Quick Advisors LLC grew its stake in shares of Emerson Electric by 27.5% in the first quarter. Simon Quick Advisors LLC now owns 3,693 shares of the industrial products company’s stock worth $405,000 after purchasing an additional 796 shares in the last quarter. Finally, Curbstone Financial Management Corp boosted its stake in Emerson Electric by 8.8% during the first quarter. Curbstone Financial Management Corp now owns 4,768 shares of the industrial products company’s stock valued at $523,000 after buying an additional 386 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 164,957 shares of the company’s stock, valued at $18,694,576.81. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.50% of the company’s stock.

Emerson Electric Trading Up 0.2%

NYSE:EMR opened at $126.73 on Friday. The stock has a fifty day simple moving average of $111.72 and a 200 day simple moving average of $118.47. The firm has a market capitalization of $71.29 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. 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 1-year low of $90.06 and a 1-year high of $134.85.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data 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 firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.36 EPS. Sell-side analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EMR. Robert W. Baird decreased their target price on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Citigroup raised their target price on Emerson Electric from $133.00 to $146.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Royal Bank of Canada raised their target price on Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Wall Street Zen raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Finally, Wells Fargo & Company raised their target price on Emerson Electric from $121.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $135.00.

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.