Surendralal Lanca Karsanbhai Sells 7,263 Shares of Emerson Electric (NYSE:EMR) Stock

Emerson Electric Co. (NYSE:EMR) CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $133.00, for a total value of $965,979.00. Following the completion of the transaction, the chief executive officer owned 196,292 shares of the company’s stock, valued at $26,106,836. This represents a 3.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Emerson Electric Stock Performance

Shares of EMR traded up $1.75 during mid-day trading on Thursday, hitting $136.64. 2,675,262 shares of the company traded hands, compared to its average volume of 3,031,383. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.65 and a current ratio of 0.88. The stock has a 50-day moving average price of $131.40 and a two-hundred day moving average price of $132.16. The stock has a market cap of $76.83 billion, a price-to-earnings ratio of 33.82, a P/E/G ratio of 2.15 and a beta of 1.26.

Emerson Electric (NYSE:EMR) last posted its earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The business had revenue of $3.16 billion during the quarter. Emerson Electric had a net margin of 12.73% and a return on equity of 15.87%. Equities analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be given a $0.555 dividend. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.22 annualized dividend and a yield of 1.6%. Emerson Electric’s payout ratio is 54.95%.

Emerson Electric declared that its Board of Directors has initiated a stock repurchase program on Wednesday, November 5th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Emerson Electric

Several large investors have recently made changes to their positions in EMR. Coldstream Capital Management Inc. increased its position in Emerson Electric by 18.3% in the second quarter. Coldstream Capital Management Inc. now owns 21,378 shares of the industrial products company’s stock worth $2,850,000 after purchasing an additional 3,308 shares during the last quarter. Davis Investment Partners LLC purchased a new position in shares of Emerson Electric in the 2nd quarter worth $692,000. CORDA Investment Management LLC. bought a new stake in shares of Emerson Electric in the 2nd quarter worth about $1,173,000. HighTower Advisors LLC raised its position in shares of Emerson Electric by 1.6% during the 1st quarter. HighTower Advisors LLC now owns 716,343 shares of the industrial products company’s stock valued at $78,540,000 after buying an additional 11,097 shares in the last quarter. Finally, Legal & General Group Plc grew its position in Emerson Electric by 5.0% in the second quarter. Legal & General Group Plc now owns 3,600,518 shares of the industrial products company’s stock worth $480,057,000 after acquiring an additional 172,507 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Jefferies Financial Group reduced their price target on shares of Emerson Electric from $155.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, November 21st. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $140.00 target price (down from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Royal Bank Of Canada dropped their price target on shares of Emerson Electric from $155.00 to $153.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. JPMorgan Chase & Co. reduced their price objective on Emerson Electric from $151.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $147.67.

About Emerson Electric

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.