Founders Capital Management Sells 19,919 Shares of Emerson Electric Co. (NYSE:EMR)

Founders Capital Management lessened its position in shares of Emerson Electric Co. (NYSE:EMR) by 45.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 24,384 shares of the industrial products company’s stock after selling 19,919 shares during the period. Emerson Electric makes up 1.7% of Founders Capital Management’s holdings, making the stock its 18th biggest holding. Founders Capital Management’s holdings in Emerson Electric were worth $2,673,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. GDS Wealth Management grew its holdings in Emerson Electric by 2.0% in the fourth quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock worth $491,000 after purchasing an additional 79 shares during the period. Mcdonald Partners LLC grew its holdings in Emerson Electric by 0.6% in the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company’s stock worth $1,761,000 after purchasing an additional 81 shares during the period. Little House Capital LLC grew its holdings in Emerson Electric by 0.5% in the fourth quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company’s stock worth $2,108,000 after purchasing an additional 89 shares during the period. Sargent Investment Group LLC grew its holdings in Emerson Electric by 0.5% in the fourth quarter. Sargent Investment Group LLC now owns 16,986 shares of the industrial products company’s stock worth $2,012,000 after purchasing an additional 90 shares during the period. Finally, Pittenger & Anderson Inc. grew its holdings in Emerson Electric by 0.3% in the fourth quarter. Pittenger & Anderson Inc. now owns 36,035 shares of the industrial products company’s stock worth $4,466,000 after purchasing an additional 95 shares during the period. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.5%

Emerson Electric stock opened at $119.27 on Friday. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The stock has a market cap of $67.09 billion, a PE ratio of 28.47, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. The firm’s 50-day simple moving average is $108.64 and its 200 day simple moving average is $118.75. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.

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

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric’s payout ratio is 50.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on EMR shares. Morgan Stanley raised their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. Citigroup raised their price target on shares of Emerson Electric from $119.00 to $127.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. KeyCorp reduced their price target on shares of Emerson Electric from $158.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Barclays lifted their price objective on shares of Emerson Electric from $104.00 to $112.00 and gave the company an “underweight” rating in a report on Friday. Finally, Royal Bank of Canada lifted their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $133.53.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

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.