Advocate Group LLC Grows Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Advocate Group LLC grew its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 3.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,467 shares of the industrial products company's stock after purchasing an additional 2,716 shares during the period. Emerson Electric makes up about 1.5% of Advocate Group LLC's holdings, making the stock its 25th largest holding. Advocate Group LLC's holdings in Emerson Electric were worth $8,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Orion Capital Management LLC purchased a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $25,000. Vega Investment Solutions purchased a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $28,000. Ameriflex Group Inc. purchased a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $30,000. Finally, Meeder Asset Management Inc. lifted its holdings in Emerson Electric by 208.2% in the fourth quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 202 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on EMR shares. KeyCorp increased their price objective on Emerson Electric from $125.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday, June 13th. Barclays increased their price objective on Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a research report on Monday, June 9th. 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 note on Thursday, May 8th. Robert W. Baird decreased their price target on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Finally, Citigroup upped their price target on Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $136.47.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the 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 transaction, the chief executive officer now owns 164,957 shares of the company's stock, valued at $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Emerson Electric Stock Down 0.3%

Shares of NYSE EMR traded down $0.36 during mid-day trading on Friday, hitting $128.30. The company had a trading volume of 5,780,018 shares, compared to its average volume of 2,978,529. The company has a market capitalization of $72.17 billion, a PE ratio of 30.69, 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 current ratio of 0.80 and a quick ratio of 0.59. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85. The business's 50-day simple moving average is $115.14 and its 200 day simple moving average is $118.14.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating 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 return on equity of 13.22% and a net margin of 13.60%. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $1.36 earnings per share. On average, analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

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 annualized dividend and a yield of 1.64%. The ex-dividend date was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) 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.