Bessemer Group Inc. Has $3.18 Million Position in Emerson Electric Co. (NYSE:EMR)

Bessemer Group Inc. boosted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 21.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 29,030 shares of the industrial products company's stock after buying an additional 5,047 shares during the period. Bessemer Group Inc.'s holdings in Emerson Electric were worth $3,183,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in EMR. Stokes Family Office LLC increased its stake in Emerson Electric by 94.8% in the 4th quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock valued at $1,141,000 after buying an additional 4,480 shares during the last quarter. Clark Capital Management Group Inc. increased its position in shares of Emerson Electric by 7.7% in the fourth quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock valued at $749,000 after acquiring an additional 434 shares during the last quarter. World Investment Advisors increased its position in shares of Emerson Electric by 41.2% during the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock worth $2,581,000 after purchasing an additional 6,079 shares during the last quarter. Geode Capital Management LLC increased its holdings in 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 buying an additional 232,540 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Emerson Electric during the fourth quarter worth $297,947,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EMR shares. Robert W. Baird lowered their target price 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. Royal Bank Of Canada boosted their price target on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. KeyCorp boosted their target price on Emerson Electric from $125.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, June 13th. Finally, Barclays upped 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 analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average price target of $136.47.

Emerson Electric Price Performance

Shares of EMR stock traded up $0.28 during trading hours on Monday, reaching $133.45. The company's stock had a trading volume of 2,277,862 shares, compared to its average volume of 2,974,654. The firm's 50 day simple moving average is $118.27 and its 200-day simple moving average is $118.06. The company has a market capitalization of $75.07 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 2.63 and a beta of 1.28. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR - Get Free Report) last released 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. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The company 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. Emerson Electric's revenue for the quarter was up 1.3% on a year-over-year basis. Sell-side analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was Friday, May 16th. Emerson Electric's payout ratio is currently 50.48%.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction that occurred 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 directly owned 164,957 shares of the company's stock, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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.