Baugh & Associates LLC Decreases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Baugh & Associates LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,739 shares of the industrial products company’s stock after selling 158 shares during the quarter. Emerson Electric accounts for approximately 1.2% of Baugh & Associates LLC’s holdings, making the stock its 28th largest holding. Baugh & Associates LLC’s holdings in Emerson Electric were worth $2,431,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Unison Advisors LLC increased its holdings in Emerson Electric by 0.5% during the 4th quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company’s stock worth $2,629,000 after purchasing an additional 98 shares during the last quarter. Texas Yale Capital Corp. boosted its holdings in shares of Emerson Electric by 0.7% during the fourth quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company’s stock valued at $1,833,000 after acquiring an additional 100 shares during the period. Ecofi Investissements SA grew its holdings in Emerson Electric by 0.3% in the 4th quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company’s stock worth $4,111,000 after buying an additional 100 shares in the last quarter. Apriem Advisors increased its holdings in shares of Emerson Electric by 2.1% during the fourth quarter. Apriem Advisors now owns 5,051 shares of the industrial products company’s stock valued at $626,000 after purchasing an additional 105 shares during the period. Finally, Donaldson Capital Management LLC raised its position in shares of Emerson Electric by 2.1% during the 4th quarter. Donaldson Capital Management LLC now owns 5,288 shares of the industrial products company’s stock worth $655,000 after buying an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

EMR has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on Emerson Electric from $121.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 21st. Robert W. Baird reduced their price objective on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. JPMorgan Chase & Co. raised their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Barclays boosted their price objective on shares of Emerson Electric from $112.00 to $118.00 and gave the stock an “underweight” rating in a report on Monday, June 9th. Finally, Citigroup upped their target price on Emerson Electric from $133.00 to $146.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $136.47.

Insider Activity at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the sale, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Emerson Electric Price Performance

Shares of EMR stock opened at $129.46 on Thursday. The firm has a market capitalization of $72.82 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 2.59 and a beta of 1.28. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42. The firm’s 50 day moving average is $116.93 and its 200-day moving average is $118.20. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the previous year, the company earned $1.36 EPS. Emerson Electric’s revenue was up 1.3% on a year-over-year basis. Sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.63%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.48%.

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.