Emerson Electric Co. (NYSE:EMR) Shares Sold by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC reduced its position in Emerson Electric Co. (NYSE:EMR) by 8.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 5,742 shares of the industrial products company’s stock after selling 520 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Emerson Electric were worth $630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new position in Emerson Electric during the fourth quarter worth $25,000. Vega Investment Solutions acquired a new position in Emerson Electric during the fourth quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Emerson Electric during the fourth quarter worth $28,000. Inlight Wealth Management LLC acquired a new position in Emerson Electric during the first quarter worth $28,000. Finally, Fourth Dimension Wealth LLC raised its position in Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 154 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Trading Down 0.4%

Shares of EMR stock opened at $137.30 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. The firm has a market cap of $77.23 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 2.71 and a beta of 1.29. The company has a 50-day moving average of $121.74 and a two-hundred day moving average of $118.40. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $141.10.

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

Emerson Electric Announces Dividend

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

Insider Activity at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, 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 can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

EMR has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Royal Bank Of Canada increased their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Barclays increased their target price on shares of Emerson Electric from $112.00 to $118.00 and gave the company an “underweight” rating in a research report on Monday, June 9th. Citigroup increased their target price on shares of Emerson Electric from $133.00 to $146.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Finally, Robert W. Baird reduced their target price on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $138.61.

Emerson Electric 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.