Nearwater Capital Markets Ltd Acquires Shares of 80,225 Emerson Electric Co. (NYSE:EMR)

Nearwater Capital Markets Ltd purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 80,225 shares of the industrial products company’s stock, valued at approximately $9,942,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stephens Consulting LLC bought a new position in Emerson Electric during the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric in the 4th quarter worth about $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Emerson Electric during the 4th quarter valued at about $28,000. YANKCOM Partnership bought a new position in shares of Emerson Electric during the fourth quarter valued at approximately $30,000. Finally, Fiduciary Advisors Inc. bought a new position in Emerson Electric during the 4th quarter worth $35,000. Institutional investors own 74.30% of the company’s stock.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric 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 owns 164,957 shares in the company, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on EMR. Robert W. Baird decreased their price objective on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Wells Fargo & Company increased their price target on shares of Emerson Electric from $110.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Royal Bank of Canada boosted their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective for the company. Finally, Barclays increased their price target on shares of Emerson Electric from $99.00 to $104.00 and gave the stock an “underweight” rating in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.88.

Emerson Electric Stock Performance

EMR opened at $121.58 on Wednesday. The business’s 50-day moving average price is $106.97 and its two-hundred day moving average price is $118.69. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The company has a market capitalization of $68.39 billion, a price-to-earnings ratio of 29.02, a P/E/G ratio of 2.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (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 analyst estimates of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.36 EPS. Equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders 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 dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric’s dividend payout ratio is currently 50.48%.

About Emerson Electric

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.