Benjamin Edwards Inc. Boosts Stake in Emerson Electric Co. (NYSE:EMR)

Benjamin Edwards Inc. raised its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,804 shares of the industrial products company's stock after buying an additional 3,732 shares during the period. Benjamin Edwards Inc.'s holdings in Emerson Electric were worth $5,804,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Stokes Family Office LLC boosted its stake in shares of Emerson Electric by 94.8% during the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock valued at $1,141,000 after purchasing an additional 4,480 shares during the period. GHP Investment Advisors Inc. grew its holdings in Emerson Electric by 8.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock worth $10,187,000 after acquiring an additional 6,321 shares during the last quarter. World Investment Advisors increased its position in shares of Emerson Electric by 41.2% in the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock valued at $2,581,000 after acquiring an additional 6,079 shares during the period. Howland Capital Management LLC raised its stake in shares of Emerson Electric by 13.0% during the fourth quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock valued at $3,283,000 after acquiring an additional 3,054 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Emerson Electric by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock worth $1,443,725,000 after purchasing an additional 232,540 shares during the period. 74.30% of the stock is owned by institutional investors.

Emerson Electric Trading Up 0.2 %

Shares of Emerson Electric stock traded up $0.17 on Friday, hitting $112.55. 2,581,429 shares of the company traded hands, compared to its average volume of 2,876,272. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The company has a market cap of $63.47 billion, a PE ratio of 26.86, a PEG ratio of 2.49 and a beta of 1.26. The stock's 50 day moving average price is $106.82 and its 200-day moving average price is $118.42. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results 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. The company 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%. The firm's quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.36 EPS. Equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be issued 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 dividend yield of 1.87%. Emerson Electric's dividend payout ratio is presently 50.36%.

Insider Transactions at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction that occurred 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on EMR. JPMorgan Chase & Co. dropped their price objective on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Robert W. Baird cut their price target on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday. Royal Bank of Canada boosted their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday. Citigroup raised their target price on shares of Emerson Electric from $119.00 to $127.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price target for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and an average price target of $131.11.

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.