2,773 Shares in Emerson Electric Co. (NYSE:EMR) Bought by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC bought a new position in Emerson Electric Co. (NYSE:EMR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,773 shares of the industrial products company's stock, valued at approximately $304,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Unison Advisors LLC increased its holdings in shares of Emerson Electric by 0.5% during the 4th quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock worth $2,629,000 after purchasing an additional 98 shares during the period. Texas Yale Capital Corp. increased its holdings in shares of Emerson Electric by 0.7% during the 4th quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company's stock worth $1,833,000 after purchasing an additional 100 shares during the period. Ecofi Investissements SA increased its holdings in shares of Emerson Electric by 0.3% during the 4th quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company's stock worth $4,111,000 after purchasing an additional 100 shares during the period. Donaldson Capital Management LLC increased its holdings in shares of Emerson Electric by 2.1% during the 4th quarter. Donaldson Capital Management LLC now owns 5,288 shares of the industrial products company's stock worth $655,000 after purchasing an additional 107 shares during the period. Finally, GPS Wealth Strategies Group LLC increased its holdings in shares of Emerson Electric by 19.7% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 656 shares of the industrial products company's stock worth $72,000 after purchasing an additional 108 shares during the period. Institutional investors own 74.30% of the company's stock.

Insider Activity

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction on Thursday, May 8th. The stock was 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 directly owns 164,957 shares of the company's stock, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.50% of the company's stock.

Emerson Electric Stock Up 0.3%

NYSE EMR opened at $133.16 on Friday. The firm has a market cap of $74.90 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 2.63 and a beta of 1.28. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85. The stock's 50 day simple moving average is $118.27 and its 200 day simple moving average is $118.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. The business 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%. Emerson Electric's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.36 EPS. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.58%. Emerson Electric's dividend payout ratio (DPR) is currently 50.48%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Citigroup boosted their price objective 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. Robert W. Baird dropped their price target on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. JPMorgan Chase & Co. increased their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Barclays increased their price target on shares of Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a research report on Monday, June 9th. Finally, KeyCorp increased their price target on shares of Emerson Electric from $125.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday, June 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $136.47.

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.

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