Deroy & Devereaux Private Investment Counsel Inc. Boosts Stake in Emerson Electric Co. (NYSE:EMR)

Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 3.9% during the first quarter, Holdings Channel.com reports. The firm owned 12,060 shares of the industrial products company’s stock after buying an additional 450 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Emerson Electric were worth $1,322,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EMR. Brighton Jones LLC raised its stake in shares of Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after acquiring an additional 4,850 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $288,000. Assetmark Inc. raised its stake in shares of Emerson Electric by 12.3% in the 4th quarter. Assetmark Inc. now owns 8,715 shares of the industrial products company’s stock valued at $1,080,000 after acquiring an additional 956 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $291,000. Finally, Arizona State Retirement System raised its stake in shares of Emerson Electric by 0.5% in the 4th quarter. Arizona State Retirement System now owns 164,798 shares of the industrial products company’s stock valued at $20,423,000 after acquiring an additional 763 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 0.4%

Shares of Emerson Electric stock opened at $137.30 on Friday. The stock has a market cap of $77.23 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 2.67 and a beta of 1.29. The company has a fifty day simple moving average of $121.10 and a 200-day simple moving average of $118.39. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $139.90.

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

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Friday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.48%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. KeyCorp lifted their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday. Robert W. Baird dropped their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Royal Bank Of Canada lifted their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. JPMorgan Chase & Co. lifted their price objective 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. Finally, Bank of America lifted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $138.61.

Insider Activity at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the transaction, the chief executive officer owned 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.50% of the company’s stock.

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.