Shelton Capital Management Grows Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Shelton Capital Management boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 3.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,021 shares of the industrial products company’s stock after buying an additional 136 shares during the quarter. Shelton Capital Management’s holdings in Emerson Electric were worth $363,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EMR. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Emerson Electric by 94,950.7% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 96,464,073 shares of the industrial products company’s stock valued at $8,719,388,000 after purchasing an additional 96,362,586 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in shares of Emerson Electric by 105,280.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 54,417,593 shares of the industrial products company’s stock valued at $5,227,354,000 after buying an additional 54,365,954 shares in the last quarter. Morgan Stanley raised its stake in Emerson Electric by 28.4% during the 4th quarter. Morgan Stanley now owns 11,835,398 shares of the industrial products company’s stock worth $1,136,909,000 after acquiring an additional 2,621,089 shares in the last quarter. Wellington Management Group LLP lifted its position in Emerson Electric by 8.1% in the first quarter. Wellington Management Group LLP now owns 9,206,713 shares of the industrial products company’s stock valued at $802,273,000 after acquiring an additional 692,247 shares during the last quarter. Finally, Norges Bank acquired a new position in Emerson Electric in the fourth quarter valued at $702,606,000. 72.02% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Trading Down 0.5 %

Shares of Emerson Electric stock opened at $88.79 on Tuesday. The company has a 50-day moving average of $93.05 and a two-hundred day moving average of $90.94. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $100.62. The company has a current ratio of 2.75, a quick ratio of 2.35 and a debt-to-equity ratio of 0.29. The stock has a market cap of $50.62 billion, a PE ratio of 3.87, a price-to-earnings-growth ratio of 1.52 and a beta of 1.38.

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

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.525 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.10 dividend on an annualized basis and a yield of 2.37%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.52. Emerson Electric’s dividend payout ratio (DPR) is currently 9.08%.

Analysts Set New Price Targets

Several analysts have recently weighed in on EMR shares. Stephens reduced their target price on Emerson Electric from $120.00 to $105.00 and set an “overweight” rating for the company in a report on Friday, November 10th. KeyCorp assumed coverage on Emerson Electric in a report on Monday, October 2nd. They issued an “overweight” rating and a $120.00 price objective for the company. UBS Group cut shares of Emerson Electric from a “buy” rating to a “neutral” rating and lifted their target price for the company from $97.00 to $104.00 in a report on Tuesday, October 3rd. Barclays decreased their price target on shares of Emerson Electric from $105.00 to $100.00 in a research note on Tuesday, October 10th. Finally, Argus raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a report on Monday, August 28th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.11.

Insider Activity at Emerson Electric

In related news, Director Arthur F. Golden bought 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was bought at an average price of $85.64 per share, with a total value of $256,920.00. Following the completion of the transaction, the director now directly owns 97,504 shares of the company’s stock, valued at $8,350,242.56. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Arthur F. Golden purchased 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was acquired at an average cost of $85.64 per share, for a total transaction of $256,920.00. Following the completion of the purchase, the director now owns 97,504 shares of the company’s stock, valued at $8,350,242.56. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Vidya Ramnath sold 2,500 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $97.86, for a total transaction of $244,650.00. Following the sale, the chief marketing officer now directly owns 11,870 shares in the company, valued at $1,161,598.20. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

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.