Nearwater Capital Markets Ltd Invests $9.94 Million in Emerson Electric Co. (NYSE:EMR)

Nearwater Capital Markets Ltd bought a new stake in Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 80,225 shares of the industrial products company’s stock, valued at approximately $9,942,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Stephens Consulting LLC purchased a new position in shares of Emerson Electric in the 4th quarter worth about $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric in the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Emerson Electric during the 4th quarter valued at $28,000. YANKCOM Partnership bought a new stake in Emerson Electric in the fourth quarter worth $30,000. Finally, Fiduciary Advisors Inc. purchased a new stake in Emerson Electric during the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.8%

Shares of NYSE:EMR opened at $121.58 on Wednesday. The firm has a market capitalization of $68.39 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. 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 firm’s 50-day moving average is $106.97 and its two-hundred day moving average is $118.69.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.36 earnings per share. Analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric’s payout ratio is currently 50.48%.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the transaction, the chief executive officer now directly owns 164,957 shares of the company’s stock, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Daiwa Capital Markets initiated coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target on the stock. Citigroup upped their target price on Emerson Electric from $119.00 to $127.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Barclays raised their target price on shares of Emerson Electric from $99.00 to $104.00 and gave the stock an “underweight” rating in a research report on Thursday, May 8th. Wells Fargo & Company increased their price target on shares of Emerson Electric from $110.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Finally, Morgan Stanley upped their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $130.88.

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.