Clark Capital Management Group Inc. Purchases 434 Shares of Emerson Electric Co. (NYSE:EMR)

Clark Capital Management Group Inc. raised its holdings in Emerson Electric Co. (NYSE:EMR) by 7.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,042 shares of the industrial products company’s stock after acquiring an additional 434 shares during the quarter. Clark Capital Management Group Inc.’s holdings in Emerson Electric were worth $749,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Stephens Consulting LLC acquired a new stake in shares of Emerson Electric during the fourth quarter worth $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric during the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Emerson Electric in the fourth quarter valued at approximately $28,000. YANKCOM Partnership purchased a new position in Emerson Electric during the 4th quarter worth $30,000. Finally, Fiduciary Advisors Inc. purchased a new stake in Emerson Electric in the 4th quarter valued at about $35,000. 74.30% of the stock is owned by institutional investors.

Insider Activity at Emerson Electric

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 shares were 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 in the company, valued at approximately $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 can be accessed through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on EMR shares. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target on the stock. Morgan Stanley raised their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Royal Bank of Canada increased their price objective on Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday. Robert W. Baird decreased their price target on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Barclays boosted their target price on Emerson Electric from $99.00 to $104.00 and gave the stock an “underweight” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $130.88.

Emerson Electric Price Performance

Shares of EMR stock opened at $112.55 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The firm has a market cap of $63.47 billion, a P/E ratio of 26.86, a P/E/G ratio of 2.49 and a beta of 1.26. The business’s 50 day moving average price is $106.79 and its 200-day moving average price is $118.45. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The company had revenue of $4.43 billion for 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 quarterly revenue was up 1.3% on a year-over-year basis. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be issued a $0.5275 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.87%. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

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.