Confluence Wealth Services Inc. Acquires 1,984 Shares of Emerson Electric Co. (NYSE:EMR)

Confluence Wealth Services Inc. lifted its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 26.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,423 shares of the industrial products company's stock after purchasing an additional 1,984 shares during the quarter. Confluence Wealth Services Inc.'s holdings in Emerson Electric were worth $952,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Sunbelt Securities Inc. lifted its position in shares of Emerson Electric by 6.6% in the first quarter. Sunbelt Securities Inc. now owns 4,938 shares of the industrial products company's stock worth $541,000 after purchasing an additional 305 shares in the last quarter. Jag Capital Management LLC lifted its position in shares of Emerson Electric by 4.9% in the first quarter. Jag Capital Management LLC now owns 3,882 shares of the industrial products company's stock worth $426,000 after purchasing an additional 183 shares in the last quarter. 3Chopt Investment Partners LLC bought a new stake in shares of Emerson Electric in the first quarter worth $304,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Emerson Electric by 15.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 63,664 shares of the industrial products company's stock worth $6,916,000 after purchasing an additional 8,380 shares in the last quarter. Finally, Quilter Plc lifted its position in shares of Emerson Electric by 4.0% in the first quarter. Quilter Plc now owns 799,153 shares of the industrial products company's stock worth $87,619,000 after purchasing an additional 30,815 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Analysts Set New Price Targets

EMR has been the topic of a number of research reports. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Wells Fargo & Company upped their price target on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. upped their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Robert W. Baird dropped their price target on shares of 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, Barclays upped their price target on shares of Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a research report on Monday, June 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $136.47.

Emerson Electric Price Performance

NYSE:EMR opened at $133.16 on Friday. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85. The company has a market cap of $74.90 billion, a P/E ratio of 31.86, a P/E/G ratio of 2.63 and a beta of 1.28. The firm's fifty day moving average price is $118.27 and its two-hundred day moving average price is $118.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59.

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

Emerson Electric Dividend Announcement

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

Insider Activity at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the sale, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.

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.

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