Emerson Electric Co. (NYSE:EMR) Stock Holdings Decreased by Monarch Capital Management Inc.

Monarch Capital Management Inc. lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 62,176 shares of the industrial products company’s stock after selling 948 shares during the period. Emerson Electric accounts for approximately 1.9% of Monarch Capital Management Inc.’s holdings, making the stock its 17th biggest position. Monarch Capital Management Inc.’s holdings in Emerson Electric were worth $6,817,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of Emerson Electric by 74.1% in the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock worth $1,412,000 after purchasing an additional 4,850 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Emerson Electric in the fourth quarter worth $2,169,000. Angeles Wealth Management LLC acquired a new stake in shares of Emerson Electric during the fourth quarter worth approximately $226,000. Soltis Investment Advisors LLC lifted its stake in Emerson Electric by 4.8% in the fourth quarter. Soltis Investment Advisors LLC now owns 2,563 shares of the industrial products company’s stock valued at $318,000 after acquiring an additional 117 shares during the last quarter. Finally, Pineridge Advisors LLC lifted its holdings in Emerson Electric by 16.9% in the 4th quarter. Pineridge Advisors LLC now owns 3,363 shares of the industrial products company’s stock worth $417,000 after purchasing an additional 485 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Insider Activity

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction 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 represents a 9.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.50% of the company’s stock.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $126.98 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The business has a 50-day simple moving average of $110.49 and a 200 day simple moving average of $118.46. The firm has a market capitalization of $71.43 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter last year, the business posted $1.36 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal 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 issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Friday, May 16th. Emerson Electric’s payout ratio is presently 50.48%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target 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. Wells Fargo & Company boosted their price target on shares of Emerson Electric from $121.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. 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 note on Thursday, May 8th. Royal Bank of Canada increased their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Finally, Citigroup increased their price objective on Emerson Electric from $133.00 to $146.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $135.00.

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.