Allied Investment Advisors LLC Boosts Holdings in Emerson Electric Co. (NYSE:EMR)

Allied Investment Advisors LLC boosted its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 3.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,625 shares of the industrial products company's stock after acquiring an additional 3,217 shares during the period. Emerson Electric accounts for 2.2% of Allied Investment Advisors LLC's holdings, making the stock its 20th biggest position. Allied Investment Advisors LLC's holdings in Emerson Electric were worth $11,361,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock worth $1,412,000 after purchasing an additional 4,850 shares in the last quarter. Mediolanum International Funds Ltd purchased a new stake in Emerson Electric during the 4th quarter valued at about $10,087,000. TriaGen Wealth Management LLC acquired a new position in Emerson Electric in the 4th quarter worth approximately $215,000. Heck Capital Advisors LLC acquired a new stake in Emerson Electric during the fourth quarter worth about $515,000. Finally, Everett Harris & Co. CA raised its position in Emerson Electric by 1.9% during the fourth quarter. Everett Harris & Co. CA now owns 38,282 shares of the industrial products company's stock valued at $4,744,000 after acquiring an additional 718 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

EMR traded up $1.59 on Tuesday, hitting $120.45. 2,626,481 shares of the company's stock were exchanged, compared to its average volume of 2,926,583. The firm has a 50-day moving average price of $108.74 and a 200-day moving average price of $118.62. The stock has a market cap of $67.76 billion, a price-to-earnings ratio of 28.75, a P/E/G ratio of 2.49 and a beta of 1.26. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share 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 net margin of 13.74% and a return on equity of 12.08%. The business's revenue was up 1.3% on a year-over-year basis. During the same period last year, the company posted $1.36 EPS. As a group, equities analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be paid a $0.5275 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.75%. Emerson Electric's dividend payout ratio (DPR) is 50.48%.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Robert W. Baird dropped their price objective 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. Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Barclays lifted their price target on Emerson Electric from $104.00 to $112.00 and gave the company an "underweight" rating in a research note on Friday. Finally, KeyCorp dropped their price objective on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $133.53.

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.