3,647 Shares in Emerson Electric Co. (NYSE:EMR) Bought by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. acquired a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,647 shares of the industrial products company's stock, valued at approximately $400,000.

Several other institutional investors have also recently made changes to their positions in EMR. Mcdonald Partners LLC lifted its position in Emerson Electric by 0.6% during the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock valued at $1,761,000 after purchasing an additional 81 shares during the period. Pittenger & Anderson Inc. raised its stake in Emerson Electric by 0.3% during the 4th quarter. Pittenger & Anderson Inc. now owns 36,035 shares of the industrial products company's stock valued at $4,466,000 after buying an additional 95 shares during the last quarter. Unison Advisors LLC boosted its stake in shares of Emerson Electric by 0.5% in 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. Redmond Asset Management LLC grew its holdings in shares of Emerson Electric by 4.6% in the fourth quarter. Redmond Asset Management LLC now owns 2,260 shares of the industrial products company's stock worth $280,000 after acquiring an additional 100 shares during the period. Finally, Texas Yale Capital Corp. increased its position in Emerson Electric by 0.7% during the fourth quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company's stock valued at $1,833,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 74.30% of the company's stock.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's 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 sale, the chief executive officer now directly owns 164,957 shares of the company's stock, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Robert W. Baird reduced 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. KeyCorp lifted their price target on shares of Emerson Electric from $125.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. 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. Finally, Royal Bank of Canada upped their price target on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $136.47.

Emerson Electric Trading Up 2.5%

Emerson Electric stock opened at $128.63 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm's 50 day moving average price is $113.06 and its 200-day moving average price is $118.19. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The stock has a market cap of $72.36 billion, a P/E ratio of 30.70, a PEG ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. The business 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 business's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.36 EPS. On average, equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

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.

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