Surendralal Lanca Karsanbhai Sells 16,698 Shares of Emerson Electric Co. (NYSE:EMR) Stock

Emerson Electric Co. (NYSE:EMR) CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the 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 transaction, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. The trade was a 9.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Emerson Electric Trading Up 0.2 %

NYSE:EMR opened at $112.55 on Friday. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The business has a fifty day moving average of $106.79 and a 200-day moving average of $118.45. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The stock has a market cap of $63.47 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 2.49 and a beta of 1.26.

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

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders 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 1.87%. The ex-dividend date is Friday, May 16th. Emerson Electric’s payout ratio is currently 50.36%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EMR. Robert W. Baird cut their price objective on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday. Wells Fargo & Company raised their price objective on Emerson Electric from $110.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. lowered their target price on shares of Emerson Electric from $135.00 to $110.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Citigroup raised their price target on shares of Emerson Electric from $119.00 to $127.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Barclays increased their price objective on shares of Emerson Electric from $99.00 to $104.00 and gave the stock an “underweight” rating in a research note on Thursday. 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 given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $130.88.

Institutional Trading of Emerson Electric

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in Emerson Electric in the fourth quarter worth about $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Emerson Electric by 3,866.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company’s stock worth $374,581,000 after purchasing an additional 2,946,310 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Emerson Electric in the 4th quarter worth approximately $297,947,000. Pacer Advisors Inc. lifted its stake in Emerson Electric by 4,583.7% during the first quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company’s stock valued at $239,569,000 after purchasing an additional 2,138,397 shares during the last quarter. Finally, Boston Partners grew its position in Emerson Electric by 136.3% in the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company’s stock worth $411,944,000 after buying an additional 1,913,120 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

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.