Czech National Bank Grows Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Czech National Bank raised its position in Emerson Electric Co. (NYSE:EMR) by 0.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,654 shares of the industrial products company’s stock after buying an additional 340 shares during the quarter. Czech National Bank’s holdings in Emerson Electric were worth $6,115,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. RB Capital Management LLC grew its holdings in Emerson Electric by 3.0% during the first quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company’s stock worth $525,000 after acquiring an additional 155 shares during the period. Fairfield Bush & CO. purchased a new position in shares of Emerson Electric during the 1st quarter worth about $116,000. Prudential PLC purchased a new position in shares of Emerson Electric in the 1st quarter worth about $1,215,000. Sequoia Financial Advisors LLC grew its stake in Emerson Electric by 17.5% during the first quarter. Sequoia Financial Advisors LLC now owns 9,521 shares of the industrial products company’s stock worth $934,000 after buying an additional 1,418 shares during the period. Finally, Brighton Jones LLC raised its position in Emerson Electric by 31.8% in the first quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company’s stock valued at $378,000 after purchasing an additional 931 shares during the period. 72.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Emerson Electric

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Argus upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Monday, August 28th. Stephens reiterated an “overweight” rating and issued a $120.00 price objective on shares of Emerson Electric in a report on Monday, August 7th. Royal Bank of Canada upped their price target on Emerson Electric from $103.00 to $111.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. JPMorgan Chase & Co. upgraded shares of Emerson Electric from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $83.00 to $107.00 in a report on Tuesday, August 22nd. Finally, Barclays initiated coverage on Emerson Electric in a report on Monday, August 28th. They set an “equal weight” rating and a $105.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $105.67.

Emerson Electric Trading Up 0.3 %

Emerson Electric stock opened at $98.86 on Friday. Emerson Electric Co. has a 12 month low of $72.40 and a 12 month high of $100.62. The company has a quick ratio of 2.07, a current ratio of 2.38 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $95.35 and a two-hundred day moving average price of $88.17. The stock has a market cap of $56.74 billion, a price-to-earnings ratio of 4.32, a price-to-earnings-growth ratio of 2.29 and a beta of 1.39.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, August 2nd. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.89 billion. As a group, equities analysts forecast that Emerson Electric Co. will post 4.44 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 11th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Thursday, August 10th. Emerson Electric’s dividend payout ratio is 9.09%.

About Emerson Electric

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.