Bridges Investment Management Inc. Has $1.08 Million Position in Emerson Electric Co. (NYSE:EMR)

Bridges Investment Management Inc. trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 6.1% during the first quarter, Holdings Channel reports. The institutional investor owned 9,875 shares of the industrial products company’s stock after selling 637 shares during the quarter. Bridges Investment Management Inc.’s holdings in Emerson Electric were worth $1,083,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Emerson Electric by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company’s stock valued at $6,634,837,000 after purchasing an additional 384,313 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Emerson Electric by 2.0% in the 4th 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. Norges Bank purchased a new stake in shares of Emerson Electric in the fourth quarter valued at about $885,886,000. Northern Trust Corp lifted its position in shares of Emerson Electric by 5.9% during the fourth quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company’s stock valued at $827,377,000 after purchasing an additional 370,560 shares in the last quarter. Finally, Schroder Investment Management Group boosted its holdings in Emerson Electric by 4.1% during the fourth quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company’s stock worth $542,379,000 after purchasing an additional 171,946 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Performance

Shares of EMR opened at $139.82 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. The stock has a market capitalization of $78.65 billion, a price-to-earnings ratio of 33.45, a price-to-earnings-growth ratio of 2.69 and a beta of 1.29. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $140.00. The stock’s 50-day simple moving average is $123.79 and its 200 day simple moving average is $118.78.

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, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the previous year, the company earned $1.36 earnings per share. Emerson Electric’s revenue for the quarter was up 1.3% on a year-over-year basis. Research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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 dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.51%. The ex-dividend date was Friday, May 16th. Emerson Electric’s dividend payout ratio is 50.48%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EMR shares. KeyCorp increased their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Barclays lifted their price target on Emerson Electric from $118.00 to $125.00 and gave the stock an “underweight” rating in a report on Wednesday. Wall Street Zen upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. TD Cowen raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday. Finally, Robert W. Baird decreased their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $139.83.

Insider Buying and Selling

In other Emerson Electric 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 value of $1,892,384.34. Following the sale, the chief executive officer owned 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 legal filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by insiders.

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.