Emerson Electric Co. (NYSE:EMR) Shares Acquired by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC grew its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,250 shares of the industrial products company's stock after acquiring an additional 2,177 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in Emerson Electric were worth $7,483,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Orion Capital Management LLC purchased a new position in shares of Emerson Electric in the fourth quarter valued at approximately $25,000. Vega Investment Solutions purchased a new position in Emerson Electric during the fourth quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Emerson Electric during the fourth quarter worth approximately $28,000. Ameriflex Group Inc. purchased a new position in Emerson Electric during the fourth quarter worth approximately $30,000. Finally, Meeder Asset Management Inc. lifted its position in Emerson Electric by 208.2% during the fourth quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company's stock worth $37,000 after buying an additional 202 shares in the last quarter. Hedge funds and other 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 analyst reports. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Robert W. Baird reduced their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Wells Fargo & Company lifted their target price on Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Citigroup lifted their target price on Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Barclays lifted their target price on Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a research report on Monday, June 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $136.47.

Emerson Electric Stock Performance

Shares of Emerson Electric stock traded down $1.27 on Friday, hitting $125.45. The stock had a trading volume of 3,368,277 shares, compared to its average volume of 2,959,486. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock has a market cap of $70.57 billion, a price-to-earnings ratio of 29.94, a P/E/G ratio of 2.49 and a beta of 1.28. The company's 50 day moving average price is $112.36 and its 200 day moving average price is $118.32.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.07. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The business's quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.36 EPS. On average, research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders 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 1.68%. The ex-dividend date was Friday, May 16th. Emerson Electric's payout ratio is 50.48%.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the transaction, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.50% of the stock is currently 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.