Concurrent Investment Advisors LLC Raises Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Concurrent Investment Advisors LLC grew its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 4.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,129 shares of the industrial products company's stock after buying an additional 2,115 shares during the period. Concurrent Investment Advisors LLC's holdings in Emerson Electric were worth $5,496,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Stokes Family Office LLC raised its holdings in shares of 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 acquiring an additional 4,480 shares in the last quarter. Clark Capital Management Group Inc. grew its position in Emerson Electric by 7.7% during 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 last quarter. World Investment Advisors lifted 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 worth $2,581,000 after buying an additional 6,079 shares during the period. Geode Capital Management LLC lifted its holdings in Emerson Electric by 2.0% in 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 buying an additional 232,540 shares during the period. Finally, StoneX Group Inc. lifted its holdings in Emerson Electric by 23.5% in the 4th quarter. StoneX Group Inc. now owns 32,927 shares of the industrial products company's stock worth $4,081,000 after buying an additional 6,264 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Trading Down 1.0%

EMR stock traded down $1.36 during midday trading on Monday, reaching $138.40. 5,800,836 shares of the company traded hands, compared to its average volume of 2,996,394. The firm has a market capitalization of $77.85 billion, a price-to-earnings ratio of 33.11, a P/E/G ratio of 2.71 and a beta of 1.29. The business has a 50 day moving average of $121.74 and a 200-day moving average of $118.40. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $141.10. 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 released its 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 posted $1.36 earnings per share. The company's quarterly revenue was up 1.3% on a year-over-year basis. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.52%. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of research analyst reports. Royal Bank Of Canada raised their target price 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 cut their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Wells Fargo & Company lifted their price objective on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Barclays boosted their price target on Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a report on Monday, June 9th. Finally, JPMorgan Chase & Co. boosted their price objective on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Emerson Electric presently has an average rating of "Moderate Buy" and a consensus price target of $139.21.

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 stock was 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 of the company's stock, valued at $18,694,576.81. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.50% of the company's stock.

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.