Emerson Electric Co. (NYSE:EMR) Shares Acquired by Mattern Capital Management LLC

Mattern Capital Management LLC lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,288 shares of the industrial products company’s stock after acquiring an additional 730 shares during the quarter. Mattern Capital Management LLC’s holdings in Emerson Electric were worth $8,693,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Golden State Equity Partners acquired a new position in Emerson Electric during the first quarter worth about $459,000. Fourth Dimension Wealth LLC grew its position in Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after buying an additional 154 shares during the period. International Assets Investment Management LLC grew its position in Emerson Electric by 5.3% during the first quarter. International Assets Investment Management LLC now owns 4,258 shares of the industrial products company’s stock worth $467,000 after buying an additional 216 shares during the period. Invesco LLC grew its position in Emerson Electric by 4.4% during the first quarter. Invesco LLC now owns 8,321 shares of the industrial products company’s stock worth $912,000 after buying an additional 352 shares during the period. Finally, Proactive Wealth Strategies LLC grew its position in Emerson Electric by 3.9% during the first quarter. Proactive Wealth Strategies LLC now owns 4,226 shares of the industrial products company’s stock worth $463,000 after buying an additional 160 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of EMR opened at $130.77 on Wednesday. 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 company has a market capitalization of $73.56 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 2.56 and a beta of 1.28. The company’s 50 day simple moving average is $116.32 and its 200 day simple moving average is $118.12. 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, beating the consensus estimate of $1.41 by $0.07. The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 earnings per share. On average, sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company 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 dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric’s payout ratio is 50.48%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. KeyCorp upped their target price on shares of Emerson Electric from $125.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, June 13th. Barclays upped their target price on shares of Emerson Electric from $112.00 to $118.00 and gave the stock an “underweight” rating in a research report on Monday, June 9th. Wall Street Zen raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Royal Bank Of Canada upped their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Finally, Wells Fargo & Company upped their price target on shares of Emerson Electric from $121.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $136.47.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 164,957 shares of the company’s stock, valued at $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.50% of the stock is currently owned by insiders.

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.