10,000 Shares in Emerson Electric Co. (NYSE:EMR) Acquired by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC purchased a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,000 shares of the industrial products company's stock, valued at approximately $1,239,000.

A number of other large investors have also recently made changes to their positions in the stock. GDS Wealth Management increased its holdings in shares of Emerson Electric by 2.0% in the fourth quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock valued at $491,000 after purchasing an additional 79 shares during the period. Mcdonald Partners LLC boosted its position 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 valued at $1,761,000 after buying an additional 81 shares during the last quarter. Berkshire Bank increased its holdings in Emerson Electric by 3.6% in the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock worth $321,000 after buying an additional 89 shares during the period. Little House Capital LLC raised its position in Emerson Electric by 0.5% during the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock worth $2,108,000 after buying an additional 89 shares during the last quarter. Finally, Grove Bank & Trust lifted its stake in Emerson Electric by 5.4% during the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock valued at $217,000 after acquiring an additional 90 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Down 0.1%

Shares of NYSE EMR opened at $121.39 on Thursday. The firm has a market cap of $68.28 billion, a price-to-earnings ratio of 28.97, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. The company's 50-day simple moving average is $107.03 and its 200-day simple moving average is $118.70. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company 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 firm posted $1.36 EPS. Emerson Electric's revenue was up 1.3% compared to the same quarter last year. Equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal 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 paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.74%. The ex-dividend date is Friday, May 16th. Emerson Electric's dividend payout ratio is currently 50.48%.

Analysts Set New Price Targets

EMR has been the subject of several recent research reports. KeyCorp reduced their target price 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. Morgan Stanley lifted their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research note on Thursday, February 6th. Wells Fargo & Company boosted their price objective on Emerson Electric from $110.00 to $121.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Barclays raised their target price on Emerson Electric from $99.00 to $104.00 and gave the stock an "underweight" rating in a report on Thursday, May 8th. Finally, Citigroup upped their price objective on Emerson Electric from $119.00 to $127.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $130.88.

Insider Buying and Selling 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 shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is currently owned by insiders.

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.

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