Thurston Springer Miller Herd & Titak Inc. Has $3.22 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 28.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 29,405 shares of the industrial products company’s stock after purchasing an additional 6,544 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Emerson Electric were worth $3,224,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EMR. Orion Capital Management LLC bought a new position in Emerson Electric during the fourth quarter valued at about $25,000. Vega Investment Solutions bought a new position in Emerson Electric during the fourth quarter valued at about $27,000. Murphy & Mullick Capital Management Corp bought a new position in Emerson Electric during the fourth quarter valued at about $28,000. YANKCOM Partnership bought a new position in Emerson Electric during the fourth quarter valued at about $30,000. Finally, Ameriflex Group Inc. bought a new position in Emerson Electric during the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insider Activity at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the transaction, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is owned by corporate insiders.

Emerson Electric Stock Up 1.1%

NYSE:EMR opened at $121.68 on Thursday. The stock’s fifty day moving average price is $109.17 and its two-hundred day moving average price is $118.66. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The company has a market cap of $68.45 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.07. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.36 EPS. On average, analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric’s dividend payout ratio is currently 50.48%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Morgan Stanley boosted their price target on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Robert W. Baird lowered their price objective on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Wells Fargo & Company upped their price objective on Emerson Electric from $121.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st. Wall Street Zen upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Finally, Royal Bank of Canada upped their price objective on Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.65.

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.