13,031 Shares in Emerson Electric Co. (NYSE:EMR) Purchased by Simplicity Wealth LLC

Simplicity Wealth LLC acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,031 shares of the industrial products company's stock, valued at approximately $1,429,000.

A number of other institutional investors also recently modified their holdings of the stock. Stokes Family Office LLC increased its stake in shares of Emerson Electric by 94.8% in the 4th quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock valued at $1,141,000 after buying an additional 4,480 shares during the period. Clark Capital Management Group Inc. grew its position in shares of Emerson Electric by 7.7% during the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock worth $749,000 after buying an additional 434 shares during the period. World Investment Advisors boosted its stake in 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 last quarter. Geode Capital Management LLC increased its holdings in Emerson Electric by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock valued at $1,443,725,000 after purchasing an additional 232,540 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Emerson Electric during the 4th quarter worth approximately $297,947,000. 74.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.50% of the company's stock.

Emerson Electric Trading Down 0.1%

Emerson Electric stock traded down $0.17 during mid-day trading on Thursday, hitting $126.32. The company's stock had a trading volume of 1,033,459 shares, compared to its average volume of 2,935,767. The stock has a market cap of $71.06 billion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The business has a 50 day moving average price of $111.13 and a 200-day moving average price of $118.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.07. The firm had revenue of $4.43 billion during 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 business's revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.36 earnings per share. As a group, analysts forecast 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 was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.67%. The ex-dividend date was Friday, May 16th. Emerson Electric's payout ratio is currently 50.48%.

Analyst Ratings Changes

EMR has been the subject of a number of research analyst reports. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Barclays upped their target price on shares of Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a research note on Monday. JPMorgan Chase & Co. lifted their target price on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Royal Bank of Canada lifted their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Finally, Citigroup increased their target price on shares of Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Two equities 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $135.00.

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.