Emerson Electric Co. (NYSE:EMR) Shares Purchased by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors increased its stake in Emerson Electric Co. by 292.9% during the first quarter, now owning over $1.21 million in shares.
• CEO Surendralal Lanca Karsanbhai sold 16,698 shares at an average price of $113.33, indicating a 9.19% decrease in their holdings.
• Wall Street analysts show a generally positive outlook for Emerson Electric, with target prices ranging from $125.00 to $155.00 and a consensus rating of "Moderate Buy".

Arkadios Wealth Advisors lifted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 292.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,026 shares of the industrial products company's stock after purchasing an additional 8,220 shares during the period. Arkadios Wealth Advisors' holdings in Emerson Electric were worth $1,209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of EMR. Brighton Jones LLC grew its position in shares of Emerson Electric by 74.1% in the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock valued at $1,412,000 after purchasing an additional 4,850 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Emerson Electric by 213.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 632,614 shares of the industrial products company's stock valued at $78,400,000 after purchasing an additional 430,838 shares during the last quarter. World Investment Advisors boosted 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 purchasing an additional 6,079 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new position in Emerson Electric in the 4th quarter valued at about $719,000. Finally, Thoroughbred Financial Services LLC boosted its holdings in Emerson Electric by 1.5% in the 4th quarter. Thoroughbred Financial Services LLC now owns 11,566 shares of the industrial products company's stock valued at $1,433,000 after purchasing an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Transactions at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the sale, the chief executive officer owned 164,957 shares in the company, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on EMR. Bank of America boosted their target price 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. KeyCorp upped their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Royal Bank Of Canada upped their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Robert W. Baird decreased their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $142.28.

Emerson Electric Stock Performance

Shares of EMR stock traded down $2.19 during mid-day trading on Tuesday, hitting $140.43. 5,764,959 shares of the stock were exchanged, compared to its average volume of 3,110,288. The stock has a market capitalization of $78.99 billion, a price-to-earnings ratio of 33.60, a P/E/G ratio of 2.75 and a beta of 1.32. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The stock's fifty day simple moving average is $134.13 and its two-hundred day simple moving average is $121.41. 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 (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.07. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate 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 was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.36 earnings per share. On average, analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is presently 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.