Consolidated Planning Corp Invests $3.54 Million in Emerson Electric Co. (NYSE:EMR)

Consolidated Planning Corp bought a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 32,272 shares of the industrial products company's stock, valued at approximately $3,538,000.

Several other institutional investors have also recently made changes to their positions in EMR. Orion Capital Management LLC purchased a new position in Emerson Electric in the 4th quarter worth about $25,000. Vega Investment Solutions purchased a new position in Emerson Electric in the 4th quarter worth about $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Emerson Electric in the 4th quarter worth about $28,000. Inlight Wealth Management LLC purchased a new position in Emerson Electric in the 1st quarter worth about $28,000. Finally, Ameriflex Group Inc. purchased a new position in Emerson Electric in the 4th quarter worth about $30,000. Institutional investors own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EMR. Robert W. Baird cut their target price 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. JPMorgan Chase & Co. raised their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Wells Fargo & Company raised their target price on shares of Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Royal Bank Of Canada raised their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, Citigroup raised their target price on shares of Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $136.47.

Insider Buying and Selling at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction on 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 sale, the chief executive officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by company insiders.

Emerson Electric Trading Down 0.3%

NYSE:EMR opened at $128.30 on Monday. 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 Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The stock has a market capitalization of $72.17 billion, a price-to-earnings ratio of 30.69, a PEG ratio of 2.54 and a beta of 1.28. The firm has a 50 day moving average of $115.14 and a 200 day moving average of $118.04.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $4.42 billion. During the same quarter in the prior year, the business posted $1.36 EPS. Emerson Electric's revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were paid 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 yield of 1.64%. Emerson Electric's payout ratio is 50.48%.

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.

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