CWA Asset Management Group LLC Acquires 27,306 Shares of Emerson Electric Co. (NYSE:EMR)

CWA Asset Management Group LLC lifted its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 644.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,542 shares of the industrial products company's stock after purchasing an additional 27,306 shares during the period. CWA Asset Management Group LLC's holdings in Emerson Electric were worth $3,458,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Emerson Electric during the fourth quarter worth approximately $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Emerson Electric by 3,866.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock worth $374,581,000 after buying an additional 2,946,310 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Emerson Electric during the fourth quarter worth approximately $297,947,000. Boston Partners grew its position in Emerson Electric by 136.3% during the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock worth $411,944,000 after buying an additional 1,913,120 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in Emerson Electric by 234.2% during the fourth quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock worth $252,313,000 after buying an additional 1,426,718 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Insider Buying and Selling

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction dated 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 transaction, the chief executive officer now directly owns 164,957 shares of the company's stock, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.50% of the stock is owned by corporate insiders.

Emerson Electric Trading Down 0.3%

NYSE:EMR traded down $0.36 during trading hours on Friday, hitting $128.30. 5,780,018 shares of the company were exchanged, compared to its average volume of 2,978,732. The stock has a market capitalization of $72.17 billion, a price-to-earnings ratio of 30.69, a price-to-earnings-growth ratio of 2.54 and a beta of 1.28. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85. The company has a fifty day simple moving average of $114.58 and a 200 day simple moving average of $118.29.

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

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.64%. The ex-dividend date was Friday, May 16th. Emerson Electric's dividend payout ratio is currently 50.48%.

Analyst Ratings Changes

A number of brokerages recently issued reports on EMR. Barclays increased their price target on Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a research report on Monday, June 9th. JPMorgan Chase & Co. raised their target price on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Citigroup raised their target price on Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, KeyCorp raised their target price on Emerson Electric from $125.00 to $150.00 and gave the company an "overweight" rating in a report on Friday, June 13th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average price target of $136.47.

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.