Emerson Electric Co. (NYSE:EMR) Shares Acquired by Highview Capital Management LLC DE

Highview Capital Management LLC DE lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 5.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,591 shares of the industrial products company’s stock after purchasing an additional 341 shares during the quarter. Highview Capital Management LLC DE’s holdings in Emerson Electric were worth $723,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm’s stock in a transaction on 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.50% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR opened at $138.40 on Tuesday. 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 company’s 50 day simple moving average is $122.42 and its 200-day simple moving average is $118.50. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $139.90. The firm has a market cap of $77.85 billion, a PE ratio of 33.11, a price-to-earnings-growth ratio of 2.71 and a beta of 1.29.

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 the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period last year, the company earned $1.36 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric’s dividend payout ratio is presently 50.48%.

Analysts Set New Price Targets

Several brokerages recently weighed in on EMR. Citigroup raised their target price on shares of Emerson Electric from $133.00 to $146.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. TD Cowen began coverage on shares of Emerson Electric in a report on Monday. They issued a “buy” rating and a $150.00 target price on the stock. Robert W. Baird reduced their target price on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Royal Bank Of Canada increased their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Finally, Wells Fargo & Company increased their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $139.21.

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.