Nilsine Partners LLC Increases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Nilsine Partners LLC lifted its position in Emerson Electric Co. (NYSE:EMR) by 7.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,313 shares of the industrial products company’s stock after buying an additional 164 shares during the quarter. Nilsine Partners LLC’s holdings in Emerson Electric were worth $254,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of EMR. Norges Bank purchased a new stake in shares of Emerson Electric in the fourth quarter worth about $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Emerson Electric by 3,866.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company’s stock worth $374,581,000 after buying an additional 2,946,310 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Emerson Electric in the fourth quarter worth approximately $297,947,000. Boston Partners increased its position in shares of Emerson Electric by 136.3% in the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company’s stock worth $411,944,000 after purchasing an additional 1,913,120 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Emerson Electric by 234.2% in the fourth quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company’s stock worth $252,313,000 after purchasing an additional 1,426,718 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Emerson Electric

In related 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 now owns 164,957 shares of the company’s stock, valued at $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on EMR. JPMorgan Chase & Co. upped their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Wall Street Zen upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 21st. Citigroup upped their price objective on shares of Emerson Electric from $133.00 to $146.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Finally, Robert W. Baird decreased their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $136.47.

Emerson Electric Stock Down 0.3%

Shares of Emerson Electric stock opened at $128.30 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85. The stock has a market capitalization of $72.17 billion, a price-to-earnings ratio of 30.69, a P/E/G ratio of 2.54 and a beta of 1.28. The company’s 50 day moving average price is $115.14 and its 200-day moving average price is $118.04.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter last year, the business earned $1.36 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. Equities research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric’s dividend payout ratio is 50.48%.

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.