Emerson Electric Co. (NYSE:EMR) Shares Sold by Kavar Capital Partners Group LLC

Kavar Capital Partners Group LLC cut its holdings in Emerson Electric Co. (NYSE:EMR) by 0.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,815 shares of the industrial products company’s stock after selling 150 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in Emerson Electric were worth $3,269,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of EMR. Unison Advisors LLC increased its stake in shares of Emerson Electric by 0.5% during the fourth quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company’s stock worth $2,629,000 after acquiring an additional 98 shares during the period. Texas Yale Capital Corp. increased its stake in shares of Emerson Electric by 0.7% during the fourth quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company’s stock worth $1,833,000 after acquiring an additional 100 shares during the period. Ecofi Investissements SA increased its stake in shares of Emerson Electric by 0.3% during the fourth quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company’s stock worth $4,111,000 after acquiring an additional 100 shares during the period. Apriem Advisors increased its stake in shares of Emerson Electric by 2.1% during the fourth quarter. Apriem Advisors now owns 5,051 shares of the industrial products company’s stock worth $626,000 after acquiring an additional 105 shares during the period. Finally, Donaldson Capital Management LLC increased its stake in shares of Emerson Electric by 2.1% during the fourth quarter. Donaldson Capital Management LLC now owns 5,288 shares of the industrial products company’s stock worth $655,000 after acquiring an additional 107 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company’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 transaction 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 approximately $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Emerson Electric Stock Performance

NYSE:EMR opened at $129.46 on Thursday. The firm has a 50 day simple moving average of $116.93 and a 200-day simple moving average of $118.20. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. The firm has a market cap of $72.82 billion, a PE ratio of 30.97, a P/E/G ratio of 2.59 and a beta of 1.28. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.07. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.36 earnings per share. On average, equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric’s dividend payout ratio is presently 50.48%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Barclays boosted their price objective on shares of Emerson Electric from $112.00 to $118.00 and gave the stock an “underweight” rating in a report on Monday, June 9th. KeyCorp boosted their price objective on shares of Emerson Electric from $125.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, June 13th. Wall Street Zen raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Finally, Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, May 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $136.47.

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.