Insight Folios Inc Reduces Stake in Emerson Electric Co. (NYSE:EMR)

Insight Folios Inc decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 10.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,361 shares of the industrial products company’s stock after selling 1,434 shares during the quarter. Insight Folios Inc’s holdings in Emerson Electric were worth $1,402,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in EMR. Tobam lifted its holdings in shares of Emerson Electric by 2,275.0% in the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 273 shares during the last quarter. Security National Bank purchased a new position in shares of Emerson Electric during the fourth quarter worth approximately $29,000. Cape Investment Advisory Inc. increased its holdings in shares of Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 188 shares during the period. Burkett Financial Services LLC purchased a new stake in Emerson Electric in the 4th quarter valued at $32,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in Emerson Electric during the 4th quarter worth $35,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on EMR shares. Robert W. Baird dropped their price target on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Loop Capital boosted their target price on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and increased their price objective for the company from $123.00 to $138.00 in a research note on Thursday, May 9th. Finally, Mizuho upped their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, May 9th. 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $122.76.

Emerson Electric Stock Up 0.3 %

Shares of EMR traded up $0.29 during midday trading on Thursday, reaching $109.56. 1,074,795 shares of the company were exchanged, compared to its average volume of 2,281,336. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $116.76. The company has a market cap of $62.68 billion, a price-to-earnings ratio of 5.86, a P/E/G ratio of 1.86 and a beta of 1.32. The stock has a 50-day moving average price of $109.98 and a 200-day moving average price of $105.99.

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

Emerson Electric Announces Dividend

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

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.