Securian Asset Management Inc. Decreases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Securian Asset Management Inc. trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 2.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,869 shares of the industrial products company’s stock after selling 776 shares during the quarter. Securian Asset Management Inc.’s holdings in Emerson Electric were worth $3,275,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Stokes Family Office LLC increased its position in shares of Emerson Electric by 94.8% during the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company’s stock valued at $1,141,000 after acquiring an additional 4,480 shares during the last quarter. Clark Capital Management Group Inc. grew its holdings in Emerson Electric by 7.7% during the fourth quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company’s stock valued at $749,000 after purchasing an additional 434 shares during the period. World Investment Advisors grew its holdings in Emerson Electric by 41.2% during the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company’s stock valued at $2,581,000 after purchasing an additional 6,079 shares during the period. Geode Capital Management LLC grew its holdings in Emerson Electric by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company’s stock valued at $1,443,725,000 after purchasing an additional 232,540 shares during the period. Finally, StoneX Group Inc. grew its holdings in Emerson Electric by 23.5% during the fourth quarter. StoneX Group Inc. now owns 32,927 shares of the industrial products company’s stock valued at $4,081,000 after purchasing an additional 6,264 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

Emerson Electric stock opened at $139.93 on Tuesday. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $142.32. The business has a 50-day simple moving average of $125.75 and a 200 day simple moving average of $118.99. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. The stock has a market cap of $78.71 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 2.72 and a beta of 1.29.

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

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 50.48%.

Insider Transactions at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction dated Thursday, May 8th. The stock was 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 owned 164,957 shares of the company’s stock, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on EMR shares. Robert W. Baird reduced their price objective 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 increased their price objective on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Barclays increased their price objective on Emerson Electric from $118.00 to $125.00 and gave the company an “underweight” rating in a report on Wednesday, July 9th. Bank of America raised their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. raised their price target on Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a 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 two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus target price of $140.89.

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.