12,973 Shares in Emerson Electric Co. (NYSE:EMR) Acquired by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC acquired a new position in Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,973 shares of the industrial products company’s stock, valued at approximately $1,608,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Stephens Consulting LLC bought a new position in shares of Emerson Electric in the fourth quarter worth approximately $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Emerson Electric during the 4th quarter valued at about $28,000. YANKCOM Partnership purchased a new stake in Emerson Electric in the 4th quarter worth approximately $30,000. Finally, Fiduciary Advisors Inc. purchased a new position in shares of Emerson Electric during the fourth quarter valued at approximately $35,000. Institutional investors own 74.30% of the company’s stock.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business’s 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. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.50% of the company’s stock.

Emerson Electric Stock Up 0.3%

Shares of NYSE:EMR opened at $120.58 on Monday. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average price of $107.40 and a 200 day moving average price of $119.01. The company has a market cap of $67.83 billion, a price-to-earnings ratio of 28.78, a PEG ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results 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. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.36 EPS. As a group, equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be given a $0.5275 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.75%. Emerson Electric’s dividend payout ratio (DPR) is 50.48%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EMR. Robert W. Baird reduced their target price on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. Morgan Stanley lifted their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday, February 6th. Wells Fargo & Company upped their price target on Emerson Electric from $110.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. lifted their price objective on Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday. Finally, KeyCorp reduced their price target on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.24.

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.