Emerson Electric Co. (NYSE:EMR) CEO Surendralal Lanca Karsanbhai Purchases 10,000 Shares of Stock

Emerson Electric Co. (NYSE:EMR) CEO Surendralal Lanca Karsanbhai purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was acquired at an average price of $88.20 per share, for a total transaction of $882,000.00. Following the acquisition, the chief executive officer now owns 148,542 shares in the company, valued at approximately $13,101,404.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Emerson Electric Trading Down 0.5 %

Shares of EMR stock opened at $88.79 on Tuesday. The stock’s fifty day moving average is $93.05 and its two-hundred day moving average is $90.94. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.35 and a current ratio of 2.75. The firm has a market capitalization of $50.62 billion, a P/E ratio of 3.87, a PEG ratio of 1.52 and a beta of 1.38. Emerson Electric Co. has a fifty-two week low of $76.94 and a fifty-two week high of $100.62.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates 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 company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.53 EPS. Research analysts expect that Emerson Electric Co. will post 5.26 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

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

Analyst Ratings Changes

Several brokerages recently weighed in on EMR. Morgan Stanley increased their price target on shares of Emerson Electric from $107.00 to $116.00 and gave the stock an “overweight” rating in a report on Thursday, August 3rd. UBS Group downgraded shares of Emerson Electric from a “buy” rating to a “neutral” rating and increased their price target for the stock from $97.00 to $104.00 in a report on Tuesday, October 3rd. Citigroup dropped their price objective on shares of Emerson Electric from $112.00 to $109.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. KeyCorp assumed coverage on shares of Emerson Electric in a research note on Monday, October 2nd. They set an “overweight” rating and a $120.00 price objective on the stock. Finally, Argus raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Monday, August 28th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $105.11.

Institutional Trading of Emerson Electric

Hedge funds and other institutional investors have recently modified their holdings of the stock. Aspire Private Capital LLC acquired a new stake in shares of Emerson Electric in the 1st quarter worth $11,415,340,000. Mach 1 Financial Group LLC acquired a new stake in shares of Emerson Electric during the 1st quarter worth about $13,510,000. Graham Capital Wealth Management LLC acquired a new stake in shares of Emerson Electric during the 1st quarter worth about $243,121,000. Glass Jacobson Investment Advisors llc acquired a new stake in shares of Emerson Electric during the 2nd quarter worth about $28,000. Finally, Resurgent Financial Advisors LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $32,000. 72.02% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Company Profile

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.