Emerson Electric Co. (NYSE:EMR) Shares Sold by BlackRock Inc.

BlackRock Inc. lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 37,929,224 shares of the industrial products company’s stock after selling 540,939 shares during the quarter. BlackRock Inc. owned about 6.64% of Emerson Electric worth $3,305,153,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bleakley Financial Group LLC increased its stake in Emerson Electric by 0.9% during the 1st quarter. Bleakley Financial Group LLC now owns 28,646 shares of the industrial products company’s stock valued at $2,496,000 after buying an additional 244 shares during the period. Ontario Teachers Pension Plan Board raised its holdings in Emerson Electric by 16.7% during the first quarter. Ontario Teachers Pension Plan Board now owns 26,410 shares of the industrial products company’s stock worth $2,301,000 after purchasing an additional 3,779 shares in the last quarter. Crestwood Advisors Group LLC lifted its position in Emerson Electric by 2.1% in the first quarter. Crestwood Advisors Group LLC now owns 38,267 shares of the industrial products company’s stock worth $3,335,000 after purchasing an additional 786 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in Emerson Electric by 33.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 96,590 shares of the industrial products company’s stock valued at $8,417,000 after purchasing an additional 24,199 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Emerson Electric by 15.7% during the 1st quarter. Prudential Financial Inc. now owns 790,455 shares of the industrial products company’s stock valued at $68,880,000 after purchasing an additional 107,252 shares during the period. Institutional investors own 72.02% of the company’s stock.

Emerson Electric Price Performance

NYSE EMR opened at $99.40 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.38 and a quick ratio of 2.07. The firm has a market capitalization of $57.05 billion, a price-to-earnings ratio of 4.35, a price-to-earnings-growth ratio of 2.31 and a beta of 1.39. The company has a 50 day simple moving average of $94.24 and a 200-day simple moving average of $87.46. Emerson Electric Co. has a 52-week low of $72.40 and a 52-week high of $99.65.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, August 2nd. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.20. Emerson Electric had a net margin of 80.41% and a return on equity of 14.27%. The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.89 billion. Equities research analysts predict that Emerson Electric Co. will post 4.44 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 11th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, August 10th. Emerson Electric’s dividend payout ratio (DPR) is presently 9.09%.

Insider Activity at Emerson Electric

In related news, VP Lisa Flavin sold 48,718 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $89.65, for a total transaction of $4,367,568.70. Following the transaction, the vice president now owns 51,748 shares of the company’s stock, valued at $4,639,208.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, VP Lisa Flavin sold 48,718 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $89.65, for a total transaction of $4,367,568.70. Following the completion of the transaction, the vice president now directly owns 51,748 shares in the company, valued at $4,639,208.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CMO Vidya Ramnath sold 2,500 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $97.86, for a total transaction of $244,650.00. Following the transaction, the chief marketing officer now directly owns 11,870 shares in the company, valued at approximately $1,161,598.20. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Morgan Stanley raised their target price on Emerson Electric from $107.00 to $116.00 and gave the company an “overweight” rating in a research note on Thursday, August 3rd. StockNews.com began coverage on shares of Emerson Electric in a research note on Thursday, August 17th. They issued a “buy” rating on the stock. Argus raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research note on Monday, August 28th. HSBC upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and lifted their price target for the stock from $79.00 to $100.00 in a research report on Wednesday, June 14th. Finally, Mizuho increased their price objective on Emerson Electric from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $104.82.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, AspenTech, and Commercial & Residential Solutions segments.