Diversify Advisory Services LLC Acquires New Position in Emerson Electric Co. (NYSE:EMR)

Diversify Advisory Services LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,564 shares of the industrial products company's stock, valued at approximately $900,000.

Several other hedge funds also recently added to or reduced their stakes in EMR. Brighton Jones LLC boosted its stake in shares of Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock worth $1,412,000 after acquiring an additional 4,850 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth about $291,000. Thrivent Financial for Lutherans raised its position in shares of Emerson Electric by 10.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 33,039 shares of the industrial products company's stock worth $4,113,000 after purchasing an additional 3,177 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Emerson Electric in the 4th quarter valued at about $118,000. Finally, Royal London Asset Management Ltd. raised its holdings in Emerson Electric by 4.5% in the 4th quarter. Royal London Asset Management Ltd. now owns 245,714 shares of the industrial products company's stock valued at $30,451,000 after acquiring an additional 10,513 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction on 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 completion of the transaction, the chief executive officer directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

EMR has been the subject of a number of research analyst reports. Robert W. Baird lowered their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. raised their price target 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 price target on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Finally, Royal Bank Of Canada raised their price target 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. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $142.28.

Emerson Electric Price Performance

Shares of EMR stock traded down $0.23 during trading hours on Friday, hitting $144.16. The company's stock had a trading volume of 1,918,369 shares, compared to its average volume of 2,997,613. The business has a fifty day moving average of $128.27 and a 200-day moving average of $119.53. The stock has a market cap of $81.09 billion, a price-to-earnings ratio of 34.49, a P/E/G ratio of 2.80 and a beta of 1.29. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $145.28. 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 (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 earnings per share. As a group, equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Friday, May 16th. 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.