MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Trims Stock Holdings in Emerson Electric Co. (NYSE:EMR)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 3.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 421,110 shares of the industrial products company’s stock after selling 15,444 shares during the period. Emerson Electric makes up 1.7% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings, making the stock its 21st biggest holding. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Emerson Electric were worth $47,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EMR. Woodmont Investment Counsel LLC increased its stake in Emerson Electric by 0.6% during the 1st quarter. Woodmont Investment Counsel LLC now owns 61,860 shares of the industrial products company’s stock worth $7,016,000 after buying an additional 358 shares during the period. Westhampton Capital LLC increased its position in shares of Emerson Electric by 2.7% during the first quarter. Westhampton Capital LLC now owns 17,962 shares of the industrial products company’s stock worth $2,037,000 after acquiring an additional 465 shares during the period. Farmers & Merchants Investments Inc. boosted its holdings in Emerson Electric by 4.1% in the first quarter. Farmers & Merchants Investments Inc. now owns 188,340 shares of the industrial products company’s stock valued at $21,362,000 after purchasing an additional 7,464 shares during the period. Cullinan Associates Inc. grew its stake in Emerson Electric by 64.1% during the 1st quarter. Cullinan Associates Inc. now owns 108,823 shares of the industrial products company’s stock worth $12,343,000 after purchasing an additional 42,514 shares in the last quarter. Finally, Tributary Capital Management LLC acquired a new stake in Emerson Electric in the 1st quarter valued at about $35,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

EMR stock traded up $1.22 during trading on Tuesday, hitting $109.27. The company had a trading volume of 2,072,131 shares, compared to its average volume of 2,691,318. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $116.76. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $109.99 and a 200-day moving average price of $105.87. The firm has a market cap of $62.51 billion, a PE ratio of 5.84, a price-to-earnings-growth ratio of 1.88 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the business posted $1.09 earnings per share. The business’s revenue was up 16.5% compared to the same quarter last year. On average, analysts expect that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

Analyst Ratings Changes

A number of analysts recently weighed in on EMR shares. Berenberg Bank upped their target price on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Citigroup increased their target price on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a report on Monday, April 8th. UBS Group lifted their price target on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Loop Capital increased their price objective on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Wells Fargo & Company boosted their target price on Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 26th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $122.76.

Emerson Electric 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.