Surendralal Lanca Karsanbhai Sells 9,070 Shares of Emerson Electric Co. (EMR) Stock

Emerson Electric Co. (NYSE:EMR) insider Surendralal Lanca Karsanbhai sold 9,070 shares of the company’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $68.00, for a total transaction of $616,760.00. Following the completion of the transaction, the insider now owns 20,000 shares of the company’s stock, valued at approximately $1,360,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

EMR stock traded down $0.74 during mid-day trading on Thursday, reaching $67.33. The company’s stock had a trading volume of 3,108,853 shares, compared to its average volume of 3,195,043. The company has a market cap of $41.80 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 2.04 and a beta of 1.20. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.35. Emerson Electric Co. has a fifty-two week low of $63.54 and a fifty-two week high of $79.70.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.03). The business had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.91 billion. Emerson Electric had a net margin of 12.65% and a return on equity of 23.06%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.83 EPS. As a group, equities analysts forecast that Emerson Electric Co. will post 3.68 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 16th will be issued a $0.49 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, November 15th. This represents a $1.96 dividend on an annualized basis and a yield of 2.91%. Emerson Electric’s dividend payout ratio is presently 57.99%.

A number of hedge funds have recently added to or reduced their stakes in EMR. Independent Advisor Alliance grew its stake in shares of Emerson Electric by 38.0% in the 2nd quarter. Independent Advisor Alliance now owns 37,225 shares of the industrial products company’s stock valued at $2,522,000 after buying an additional 10,250 shares during the period. BTR Capital Management Inc. grew its stake in shares of Emerson Electric by 18.7% in the 3rd quarter. BTR Capital Management Inc. now owns 13,065 shares of the industrial products company’s stock valued at $1,001,000 after buying an additional 2,060 shares during the period. Taylor Hoffman Wealth Management grew its stake in shares of Emerson Electric by 6.7% in the 3rd quarter. Taylor Hoffman Wealth Management now owns 14,492 shares of the industrial products company’s stock valued at $1,110,000 after buying an additional 911 shares during the period. AMP Capital Investors Ltd grew its stake in shares of Emerson Electric by 12.7% in the 2nd quarter. AMP Capital Investors Ltd now owns 239,559 shares of the industrial products company’s stock valued at $16,563,000 after buying an additional 27,052 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Emerson Electric in the 3rd quarter valued at approximately $13,110,000. Institutional investors own 69.93% of the company’s stock.

EMR has been the subject of several research analyst reports. Morgan Stanley initiated coverage on shares of Emerson Electric in a research report on Monday, August 20th. They set an “overweight” rating and a $85.00 price target for the company. Robert W. Baird reduced their price target on shares of Emerson Electric from $80.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday, November 12th. JPMorgan Chase & Co. upped their price target on shares of Emerson Electric from $79.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, August 10th. William Blair restated a “market perform” rating on shares of Emerson Electric in a research report on Tuesday, November 6th. Finally, UBS Group set a $85.00 price target on shares of Emerson Electric and gave the stock a “buy” rating in a research report on Thursday, November 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the stock. Emerson Electric currently has a consensus rating of “Buy” and a consensus price target of $78.39.

TRADEMARK VIOLATION NOTICE: “Surendralal Lanca Karsanbhai Sells 9,070 Shares of Emerson Electric Co. (EMR) Stock” was originally posted by Markets Daily and is owned by of Markets Daily. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://www.themarketsdaily.com/2018/11/30/surendralal-lanca-karsanbhai-sells-9070-shares-of-emerson-electric-co-emr-stock.html.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

Featured Story: How To Calculate Debt-to-Equity Ratio

Insider Buying and Selling by Quarter for Emerson Electric (NYSE:EMR)

Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply