North Star Asset Management Inc. Has $1.32 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

North Star Asset Management Inc. lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,632 shares of the industrial products company’s stock after buying an additional 150 shares during the period. North Star Asset Management Inc.’s holdings in Emerson Electric were worth $1,318,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Emerson Electric by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company’s stock worth $6,634,837,000 after purchasing an additional 384,313 shares in the last quarter. Geode Capital Management LLC increased its holdings in 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 purchasing an additional 232,540 shares in the last quarter. Norges Bank acquired a new position in Emerson Electric in the 4th quarter worth about $885,886,000. Northern Trust Corp increased its holdings in Emerson Electric by 5.9% in the 4th quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company’s stock worth $827,377,000 after purchasing an additional 370,560 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in Emerson Electric by 4.1% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Robert W. Baird lowered their target price on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. KeyCorp reduced their price target on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. upped their price target on Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Barclays upped their price target on Emerson Electric from $99.00 to $104.00 and gave the company an “underweight” rating in a research report on Thursday, May 8th. Finally, Citigroup upped their price target on Emerson Electric from $119.00 to $127.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $133.06.

Insider Buying and Selling

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 164,957 shares of the company’s stock, valued at $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 available through this hyperlink. 0.50% of the stock is owned by company insiders.

Emerson Electric Stock Up 0.6%

Shares of Emerson Electric stock opened at $118.08 on Friday. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The stock’s 50-day moving average is $108.03 and its 200 day moving average is $119.06. The firm has a market cap of $66.42 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the prior year, the business earned $1.36 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

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

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.