Emerson Electric Co. (NYSE:EMR) Shares Acquired by Campbell Newman Asset Management Inc.

Campbell Newman Asset Management Inc. grew its stake in Emerson Electric Co. (NYSE:EMR) by 0.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 252,917 shares of the industrial products company’s stock after buying an additional 487 shares during the period. Emerson Electric accounts for 2.4% of Campbell Newman Asset Management Inc.’s investment portfolio, making the stock its 18th largest holding. Campbell Newman Asset Management Inc.’s holdings in Emerson Electric were worth $27,730,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Orion Capital Management LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at $25,000. Vega Investment Solutions acquired a new stake in Emerson Electric during the 4th quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Emerson Electric during the 4th quarter worth $28,000. Ameriflex Group Inc. acquired a new stake in Emerson Electric during the 4th quarter worth $30,000. Finally, Meeder Asset Management Inc. boosted its stake in Emerson Electric by 208.2% during the 4th quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 202 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 164,957 shares of the company’s stock, 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 document filed with the SEC, which is available through this link. Insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Royal Bank of Canada increased their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Robert W. Baird cut their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 21st. Finally, KeyCorp upped their price objective on shares of Emerson Electric from $125.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday. 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 given a strong buy rating to the company. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $136.47.

Emerson Electric Price Performance

EMR opened at $125.45 on Friday. The company’s 50 day simple moving average is $112.36 and its 200 day simple moving average is $118.42. 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 Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The stock has a market capitalization of $70.57 billion, a PE ratio of 29.94, a P/E/G ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR) last announced 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 firm had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Emerson Electric’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.36 earnings per share. As a group, sell-side analysts expect 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 was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.68%. Emerson Electric’s dividend payout ratio is currently 50.48%.

Emerson Electric Company 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.