Alps Advisors Inc. Buys Shares of 3,160 Emerson Electric Co. (NYSE:EMR)

Alps Advisors Inc. purchased a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,160 shares of the industrial products company's stock, valued at approximately $346,000.

A number of other hedge funds have also modified their holdings of the business. Stokes Family Office LLC grew its holdings in shares of Emerson Electric by 94.8% during the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock worth $1,141,000 after buying an additional 4,480 shares in the last quarter. Clark Capital Management Group Inc. grew its stake in Emerson Electric by 7.7% in the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock worth $749,000 after acquiring an additional 434 shares during the period. World Investment Advisors raised its holdings in Emerson Electric by 41.2% in the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock valued at $2,581,000 after acquiring an additional 6,079 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Emerson Electric by 2.0% during the 4th 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. Finally, StoneX Group Inc. boosted its holdings in shares of Emerson Electric by 23.5% during the fourth quarter. StoneX Group Inc. now owns 32,927 shares of the industrial products company's stock worth $4,081,000 after purchasing an additional 6,264 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on EMR shares. Royal Bank Of Canada raised 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. Barclays raised their target price on shares of Emerson Electric from $118.00 to $125.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 9th. Citigroup upped their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday. Bank of America lifted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. 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 given a strong buy rating to the company's stock. According to data from MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and an average target price of $142.28.

Emerson Electric Stock Down 0.2%

Emerson Electric stock traded down $0.23 during midday trading on Friday, hitting $144.16. 1,918,299 shares of the stock were exchanged, compared to its average volume of 3,001,461. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. The company has a 50 day moving average price of $127.64 and a two-hundred day moving average price of $119.42. The firm has a market cap of $81.09 billion, a P/E ratio of 34.49, a P/E/G ratio of 2.72 and a beta of 1.29. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $145.23.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) 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 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 in the previous year, the company earned $1.36 earnings per share. On average, sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

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

Insider Buying and Selling at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 164,957 shares in the company, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.50% of the company's stock.

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.