Azzad Asset Management Inc. ADV Invests $4.31 Million in Emerson Electric Co. (NYSE:EMR)

Azzad Asset Management Inc. ADV acquired a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 39,269 shares of the industrial products company's stock, valued at approximately $4,305,000.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Emerson Electric by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock valued at $6,634,837,000 after acquiring an additional 384,313 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Emerson Electric by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock worth $1,443,725,000 after purchasing an additional 232,540 shares during the period. Norges Bank bought a new position in shares of Emerson Electric during the 4th quarter valued at about $885,886,000. Northern Trust Corp grew its position in shares of Emerson Electric by 5.9% in the 4th quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock valued at $827,377,000 after purchasing an additional 370,560 shares during the period. Finally, Schroder Investment Management Group increased its stake in Emerson Electric by 4.1% during the 4th quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock worth $542,379,000 after purchasing an additional 171,946 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on EMR shares. JPMorgan Chase & Co. boosted their target price on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Wells Fargo & Company raised their target price on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Robert W. Baird reduced their target price 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 upped their price target on shares of Emerson Electric from $125.00 to $150.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Barclays boosted their price objective on shares of Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a report on Monday, June 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $136.47.

Insider Transactions at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction 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 transaction, the chief executive officer now directly owns 164,957 shares in the company, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.50% of the company's stock.

Emerson Electric Price Performance

Shares of NYSE EMR traded down $1.13 during trading hours on Tuesday, hitting $127.55. 2,787,974 shares of the stock were exchanged, compared to its average volume of 2,962,145. The company's fifty day simple moving average is $113.52 and its two-hundred day simple moving average is $118.26. The company has a market cap of $71.75 billion, a PE ratio of 30.51, a price-to-earnings-growth ratio of 2.54 and a beta of 1.28. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85.

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, beating analysts' consensus estimates 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 the consensus estimate of $4.42 billion. During the same quarter last year, the business posted $1.36 EPS. The company's revenue was up 1.3% compared to the same quarter last year. On average, sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders 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 1.65%. The ex-dividend date was Friday, May 16th. Emerson Electric's payout ratio is 50.48%.

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.