Emerson Electric Co. (NYSE:EMR) CEO Surendralal Lanca Karsanbhai Buys 10,000 Shares

Emerson Electric Co. (NYSE:EMR) CEO Surendralal Lanca Karsanbhai purchased 10,000 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were acquired at an average cost of $88.20 per share, for a total transaction of $882,000.00. Following the acquisition, the chief executive officer now owns 148,542 shares of the company’s stock, valued at approximately $13,101,404.40. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Emerson Electric Stock Up 0.0 %

EMR stock opened at $89.30 on Monday. The company’s 50 day simple moving average is $93.28 and its 200-day simple moving average is $90.89. Emerson Electric Co. has a 52-week low of $76.94 and a 52-week high of $100.62. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.75 and a quick ratio of 2.35. The firm has a market capitalization of $50.91 billion, a P/E ratio of 3.89, a P/E/G ratio of 1.52 and a beta of 1.38.

Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, November 7th. The industrial products company reported $1.29 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.01). The business had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.20 billion. Emerson Electric had a return on equity of 11.78% and a net margin of 87.17%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the business earned $1.53 EPS. As a group, equities research analysts anticipate that Emerson Electric Co. will post 5.26 EPS for the current year.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.35%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.52. The ex-dividend date is Thursday, November 16th. Emerson Electric’s dividend payout ratio is 9.08%.

Hedge Funds Weigh In On Emerson Electric

Several institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its holdings in Emerson Electric by 2.3% in the first quarter. Envestnet Asset Management Inc. now owns 1,040,964 shares of the industrial products company’s stock worth $90,710,000 after buying an additional 23,535 shares during the last quarter. West Coast Financial LLC acquired a new stake in shares of Emerson Electric in the 2nd quarter valued at $206,000. Bailard Inc. increased its position in Emerson Electric by 7.0% during the second quarter. Bailard Inc. now owns 38,231 shares of the industrial products company’s stock worth $3,456,000 after buying an additional 2,489 shares during the last quarter. DAVENPORT & Co LLC raised its holdings in Emerson Electric by 2.6% during the second quarter. DAVENPORT & Co LLC now owns 68,809 shares of the industrial products company’s stock valued at $6,220,000 after buying an additional 1,751 shares in the last quarter. Finally, Sentry Investment Management LLC bought a new stake in shares of Emerson Electric during the 2nd quarter worth about $365,000. 72.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EMR shares. Citigroup cut their target price on Emerson Electric from $112.00 to $109.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. UBS Group downgraded shares of Emerson Electric from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $97.00 to $104.00 in a report on Tuesday, October 3rd. Stephens dropped their price target on shares of Emerson Electric from $120.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, November 10th. Wells Fargo & Company decreased their price objective on shares of Emerson Electric from $110.00 to $105.00 in a report on Monday, October 9th. Finally, Vertical Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Friday, September 15th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $105.11.

About Emerson Electric

Emerson Electric Co, a technology and engineering 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.