Viewpoint Capital Management LLC Sells 140 Shares of Emerson Electric Co. (NYSE:EMR)

Viewpoint Capital Management LLC decreased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 3.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,795 shares of the industrial products company’s stock after selling 140 shares during the period. Viewpoint Capital Management LLC’s holdings in Emerson Electric were worth $416,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EMR. Orion Capital Management LLC bought a new position in Emerson Electric during the fourth quarter valued at approximately $25,000. Vega Investment Solutions bought a new position in Emerson Electric in the fourth quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp bought a new position in Emerson Electric in the fourth quarter worth approximately $28,000. Inlight Wealth Management LLC bought a new position in Emerson Electric in the first quarter worth approximately $28,000. Finally, Fourth Dimension Wealth LLC raised its position in Emerson Electric by 145.3% in the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 154 shares during the period. Institutional investors own 74.30% of the company’s stock.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric 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 completion of the transaction, the chief executive officer directly owned 164,957 shares of the company’s stock, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Royal Bank Of Canada increased their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. increased their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. KeyCorp raised their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. Citigroup raised their price objective on shares of Emerson Electric from $133.00 to $146.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Finally, Wall Street Zen upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $138.61.

Emerson Electric Stock Performance

EMR opened at $137.30 on Friday. The stock has a market capitalization of $77.23 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 2.71 and a beta of 1.29. The company has a fifty day moving average of $121.74 and a 200 day moving average of $118.43. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $139.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80.

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

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.54%. Emerson Electric’s dividend payout ratio is presently 50.48%.

About Emerson Electric

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.