Concurrent Investment Advisors LLC Grows Position in Emerson Electric Co. (NYSE:EMR)

Concurrent Investment Advisors LLC raised its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 4.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 50,129 shares of the industrial products company's stock after acquiring an additional 2,115 shares during the period. Concurrent Investment Advisors LLC's holdings in Emerson Electric were worth $5,496,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of EMR. Orion Capital Management LLC bought a new stake in shares of Emerson Electric during the 4th quarter worth approximately $25,000. Vega Investment Solutions bought a new stake in shares of Emerson Electric during the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Emerson Electric during the 4th quarter worth approximately $28,000. Inlight Wealth Management LLC bought a new stake in shares of Emerson Electric during the 1st quarter worth approximately $28,000. Finally, Fourth Dimension Wealth LLC raised its stake in shares of Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock worth $29,000 after purchasing an additional 154 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Insider Transactions at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the sale, the chief executive officer owned 164,957 shares of the company's stock, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EMR. Royal Bank Of Canada increased their price target on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Robert W. Baird dropped their price target on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Bank of America increased their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Wells Fargo & Company increased their price objective on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $139.21.

Emerson Electric Stock Performance

NYSE:EMR traded down $1.43 during trading on Monday, reaching $138.34. The company's stock had a trading volume of 795,793 shares, compared to its average volume of 3,082,195. The firm has a market cap of $77.81 billion, a price-to-earnings ratio of 33.07, a price-to-earnings-growth ratio of 2.71 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. The firm has a 50 day moving average of $121.74 and a 200-day moving average of $118.40. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $139.90.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The firm had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.42 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. Research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.53%. Emerson Electric's dividend payout ratio is presently 50.48%.

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.