Emerson Electric Co. (NYSE:EMR) Shares Acquired by Calamos Advisors LLC

Calamos Advisors LLC grew its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 7.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 498,417 shares of the industrial products company's stock after acquiring an additional 34,931 shares during the period. Calamos Advisors LLC owned about 0.09% of Emerson Electric worth $54,646,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in EMR. Brighton Jones LLC lifted its holdings in shares of Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock valued at $1,412,000 after buying an additional 4,850 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Emerson Electric in the 4th quarter valued at about $288,000. Assetmark Inc. lifted its holdings in shares of Emerson Electric by 12.3% in the 4th quarter. Assetmark Inc. now owns 8,715 shares of the industrial products company's stock valued at $1,080,000 after buying an additional 956 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at about $291,000. Finally, Arizona State Retirement System lifted its holdings in shares of Emerson Electric by 0.5% in the 4th quarter. Arizona State Retirement System now owns 164,798 shares of the industrial products company's stock valued at $20,423,000 after buying an additional 763 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Price Performance

Shares of NYSE EMR traded down $0.50 during midday trading on Friday, hitting $137.30. The stock had a trading volume of 1,475,984 shares, compared to its average volume of 2,979,067. The company has a market capitalization of $77.23 billion, a PE ratio of 32.85, a P/E/G ratio of 2.71 and a beta of 1.29. The stock has a 50 day simple moving average of $121.10 and a 200-day simple moving average of $118.39. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $139.90. 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 posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.07. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the firm posted $1.36 earnings per share. On average, sell-side analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal 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 $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio is currently 50.48%.

Insider Buying and Selling at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer directly owned 164,957 shares of the company's stock, 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 filing with the SEC, which is available at this link. Corporate insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. KeyCorp increased their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday. Barclays increased their price target on shares of Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a report on Monday, June 9th. Bank of America increased their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday. Robert W. Baird lowered their price target on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, Citigroup boosted their price objective on Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $138.61.

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.