Neo Ivy Capital Management Increases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Neo Ivy Capital Management lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 436.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,558 shares of the industrial products company’s stock after buying an additional 10,216 shares during the quarter. Neo Ivy Capital Management’s holdings in Emerson Electric were worth $1,556,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. GDS Wealth Management increased its stake in Emerson Electric by 2.0% during the fourth quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock worth $491,000 after acquiring an additional 79 shares during the last quarter. Mcdonald Partners LLC grew its holdings in shares of Emerson Electric by 0.6% during the 4th quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company’s stock worth $1,761,000 after purchasing an additional 81 shares during the period. Berkshire Bank raised its holdings in Emerson Electric by 3.6% in the fourth quarter. Berkshire Bank now owns 2,588 shares of the industrial products company’s stock valued at $321,000 after buying an additional 89 shares during the period. Little House Capital LLC lifted its position in Emerson Electric by 0.5% during the fourth quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company’s stock valued at $2,108,000 after buying an additional 89 shares in the last quarter. Finally, Silver Lake Advisory LLC grew its stake in Emerson Electric by 0.4% during the fourth quarter. Silver Lake Advisory LLC now owns 24,249 shares of the industrial products company’s stock worth $3,005,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

EMR has been the topic of several recent research reports. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Morgan Stanley boosted their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Wells Fargo & Company increased their target price on Emerson Electric from $121.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday. Robert W. Baird reduced their price target on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. 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 one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $133.06.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction on 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 now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by corporate insiders.

Emerson Electric Price Performance

EMR opened at $118.08 on Friday. The company has a market capitalization of $66.42 billion, a P/E ratio of 28.18, a PEG ratio of 2.49 and a beta of 1.26. The company has a 50-day moving average of $108.03 and a 200-day moving average of $119.11. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. 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 for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period 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. Equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Friday, May 16th. Emerson Electric’s dividend payout ratio is presently 50.48%.

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.