1,960 Shares in Emerson Electric Co. (NYSE:EMR) Acquired by LifeWealth Investments LLC

LifeWealth Investments LLC bought a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,960 shares of the industrial products company's stock, valued at approximately $215,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its position in shares of Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock worth $1,412,000 after buying an additional 4,850 shares in the last quarter. Principal Securities Inc. increased its stake in shares of Emerson Electric by 5.0% during the fourth quarter. Principal Securities Inc. now owns 7,888 shares of the industrial products company's stock valued at $978,000 after acquiring an additional 378 shares during the period. Catalyst Capital Advisors LLC raised its holdings in Emerson Electric by 83.3% during the fourth quarter. Catalyst Capital Advisors LLC now owns 726 shares of the industrial products company's stock worth $90,000 after purchasing an additional 330 shares in the last quarter. Empower Advisory Group LLC lifted its position in Emerson Electric by 15.8% in the fourth quarter. Empower Advisory Group LLC now owns 7,786 shares of the industrial products company's stock worth $965,000 after purchasing an additional 1,065 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in Emerson Electric by 34.2% during the 4th quarter. Venturi Wealth Management LLC now owns 5,409 shares of the industrial products company's stock valued at $670,000 after purchasing an additional 1,378 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Insider Buying and Selling

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was 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 owns 164,957 shares in the company, valued at $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EMR has been the subject of several research reports. Barclays raised their target price on Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a research note on Monday, June 9th. JPMorgan Chase & Co. boosted their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Robert W. Baird dropped their price target on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Finally, KeyCorp raised their price objective on Emerson Electric from $125.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday, June 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $136.47.

Emerson Electric Trading Up 0.9%

Emerson Electric stock opened at $128.54 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. The company's fifty day simple moving average is $114.00 and its 200-day simple moving average is $118.33. The stock has a market cap of $72.31 billion, a P/E ratio of 30.75, a P/E/G ratio of 2.52 and a beta of 1.28.

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 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 analyst estimates of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The business's revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.36 EPS. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal 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 $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Friday, May 16th. Emerson Electric's payout ratio is presently 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.

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