Edgestream Partners L.P. Purchases New Shares in Emerson Electric Co. (NYSE:EMR)

Edgestream Partners L.P. purchased a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 27,982 shares of the industrial products company's stock, valued at approximately $3,068,000.

Several other institutional investors also recently modified their holdings of EMR. Unison Advisors LLC raised its position in 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 buying an additional 98 shares during the last quarter. Texas Yale Capital Corp. boosted its stake in 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 last quarter. Ecofi Investissements SA boosted its stake in 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 last quarter. Rosenberg Matthew Hamilton raised its holdings in shares of Emerson Electric by 5.3% during the 1st quarter. Rosenberg Matthew Hamilton now owns 2,017 shares of the industrial products company's stock worth $221,000 after acquiring an additional 101 shares during the period. Finally, GPS Wealth Strategies Group LLC raised 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 acquiring an additional 108 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Down 0.2%

Shares of Emerson Electric stock traded down $0.23 on Friday, reaching $144.16. 1,918,367 shares of the company were exchanged, compared to its average volume of 3,001,461. The stock has a fifty day moving average price of $127.64 and a 200-day moving average price of $119.42. The firm has a market capitalization of $81.09 billion, a price-to-earnings ratio of 34.49, a price-to-earnings-growth ratio of 2.72 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $145.23.

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, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the previous year, the firm earned $1.36 earnings per share. Emerson Electric's quarterly revenue was up 1.3% on a year-over-year basis. On average, analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.46%. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

Insiders Place Their Bets

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 owned 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 insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on EMR shares. 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 research note on Thursday, May 8th. Bank of America upped their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Barclays upped their target price on Emerson Electric from $118.00 to $125.00 and gave the company an "underweight" rating in a report on Wednesday, July 9th. Stephens increased their price objective on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday. Finally, Citigroup raised their price target on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Emerson Electric presently has an average rating of "Moderate Buy" and an average target price of $142.28.

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.