Diversify Wealth Management LLC Buys 27,865 Shares of Emerson Electric Co. (NYSE:EMR)

Diversify Wealth Management LLC raised its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 1,515.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,704 shares of the industrial products company's stock after acquiring an additional 27,865 shares during the period. Diversify Wealth Management LLC's holdings in Emerson Electric were worth $3,122,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Unison Advisors LLC increased its position in Emerson Electric by 0.5% in the 4th quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock valued at $2,629,000 after acquiring an additional 98 shares during the period. Texas Yale Capital Corp. increased its position in Emerson Electric by 0.7% in the 4th quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company's stock valued at $1,833,000 after acquiring an additional 100 shares during the period. Ecofi Investissements SA increased its position in Emerson Electric by 0.3% in the 4th quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company's stock valued at $4,111,000 after acquiring an additional 100 shares during the period. Rosenberg Matthew Hamilton increased its position in Emerson Electric by 5.3% in the 1st quarter. Rosenberg Matthew Hamilton now owns 2,017 shares of the industrial products company's stock valued at $221,000 after acquiring an additional 101 shares during the period. Finally, GPS Wealth Strategies Group LLC increased its position in Emerson Electric by 19.7% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 656 shares of the industrial products company's stock valued at $72,000 after acquiring an additional 108 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on EMR. Wells Fargo & Company upped 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. Barclays upped their price target on shares of Emerson Electric from $118.00 to $125.00 and gave the company an "underweight" rating in a research report on Wednesday. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. KeyCorp increased their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Finally, Robert W. Baird decreased 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $139.83.

Emerson Electric Stock Down 0.4%

Shares of NYSE EMR traded down $0.60 during mid-day trading on Friday, reaching $140.07. 2,107,737 shares of the company's stock traded hands, compared to its average volume of 3,010,933. The stock has a market cap of $78.79 billion, a P/E ratio of 33.51, a PEG ratio of 2.72 and a beta of 1.29. The business has a 50-day simple moving average of $125.11 and a 200 day simple moving average of $118.95. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $142.32. 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 issued its quarterly earnings data 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. The firm had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The business's revenue was up 1.3% on a year-over-year basis. During the same period last year, the company earned $1.36 earnings per share. On average, analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's payout ratio is currently 50.48%.

Insider Buying and Selling at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by insiders.

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.