Ensign Peak Advisors Inc Increases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Ensign Peak Advisors Inc increased its stake in Emerson Electric Co. (NYSE:EMR) by 149.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 109,221 shares of the industrial products company’s stock after acquiring an additional 65,488 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Emerson Electric were worth $13,536,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Stephens Consulting LLC purchased a new position in Emerson Electric in the 4th quarter valued at about $25,000. Sugar Maple Asset Management LLC purchased a new position in shares of Emerson Electric in the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Emerson Electric in the 4th quarter valued at $28,000. YANKCOM Partnership acquired a new stake in Emerson Electric during the 4th quarter worth $30,000. Finally, Fiduciary Advisors Inc. purchased a new stake in shares of Emerson Electric during the fourth quarter worth $35,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business’s 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 transaction, the chief executive officer now directly owns 164,957 shares of the company’s stock, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.

Emerson Electric Stock Up 0.2%

NYSE:EMR opened at $112.55 on Monday. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The stock’s fifty day moving average is $106.79 and its two-hundred day moving average is $118.59. The stock has a market capitalization of $63.31 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26.

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

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.5275 per share. The ex-dividend date is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.87%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.48%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Wells Fargo & Company boosted their target price on Emerson Electric from $110.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday. Robert W. Baird dropped their target price on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Daiwa Capital Markets began coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $130.88.

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.