Silvercrest Asset Management Group LLC Purchases 48,485 Shares of Emerson Electric Co. (NYSE:EMR)

Silvercrest Asset Management Group LLC increased its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 32.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 197,160 shares of the industrial products company's stock after buying an additional 48,485 shares during the period. Silvercrest Asset Management Group LLC's holdings in Emerson Electric were worth $24,434,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Carnegie Investment Counsel boosted its position in Emerson Electric by 4.1% during the fourth quarter. Carnegie Investment Counsel now owns 96,394 shares of the industrial products company's stock valued at $11,946,000 after buying an additional 3,812 shares during the period. Empirical Asset Management LLC purchased a new position in shares of Emerson Electric in the fourth quarter worth about $1,793,000. Occidental Asset Management LLC increased its holdings in shares of Emerson Electric by 7.0% in the fourth quarter. Occidental Asset Management LLC now owns 35,515 shares of the industrial products company's stock worth $4,401,000 after buying an additional 2,310 shares during the period. Decker Retirement Planning Inc. purchased a new position in shares of Emerson Electric in the fourth quarter worth about $82,000. Finally, Goldstone Financial Group LLC increased its holdings in shares of Emerson Electric by 15.7% in the fourth quarter. Goldstone Financial Group LLC now owns 4,162 shares of the industrial products company's stock worth $516,000 after buying an additional 564 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Buying and Selling at Emerson Electric

In other 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 transaction of $1,892,384.34. Following the transaction, the chief executive officer now owns 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on EMR shares. JPMorgan Chase & Co. lifted their price objective on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday. KeyCorp lowered their price target on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Barclays upped their price target on Emerson Electric from $99.00 to $104.00 and gave the company an "underweight" rating in a research report on Thursday, May 8th. Royal Bank of Canada upped their price target on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, Daiwa Capital Markets initiated coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price target for the company. Two investment 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's stock. According to data from MarketBeat.com, Emerson Electric currently has a consensus rating of "Moderate Buy" and a consensus price target of $132.24.

Emerson Electric Stock Down 1.4%

Shares of Emerson Electric stock traded down $1.63 during midday trading on Tuesday, hitting $117.95. The company had a trading volume of 2,770,618 shares, compared to its average volume of 2,911,334. 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 stock has a market capitalization of $66.35 billion, a P/E ratio of 28.15, a P/E/G ratio of 2.49 and a beta of 1.26. The company has a 50 day moving average of $107.58 and a 200 day moving average of $119.09. 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 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 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 the consensus estimate of $4.42 billion. During the same quarter in the prior year, the business posted $1.36 EPS. The firm's quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm 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 dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.79%. Emerson Electric's dividend payout ratio is 50.48%.

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.