Emerson Electric Co. (NYSE:EMR) Position Boosted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 0.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 650,152 shares of the industrial products company's stock after purchasing an additional 2,175 shares during the quarter. Janney Montgomery Scott LLC owned 0.12% of Emerson Electric worth $71,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC grew its holdings 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 valued at $1,412,000 after acquiring an additional 4,850 shares in the last quarter. V Square Quantitative Management LLC grew its stake in Emerson Electric by 6.5% in the fourth quarter. V Square Quantitative Management LLC now owns 4,235 shares of the industrial products company's stock valued at $525,000 after purchasing an additional 258 shares in the last quarter. Little House Capital LLC increased its position in Emerson Electric by 0.5% in the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock worth $2,108,000 after purchasing an additional 89 shares during the last quarter. Quantum Private Wealth LLC purchased a new stake in shares of Emerson Electric during the 4th quarter worth about $211,000. Finally, Principal Securities Inc. lifted its holdings in shares of Emerson Electric by 5.0% during the 4th quarter. Principal Securities Inc. now owns 7,888 shares of the industrial products company's stock valued at $978,000 after buying an additional 378 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on EMR. Wells Fargo & Company raised their price objective 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 price target on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. 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 report on Thursday, May 8th. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, KeyCorp boosted their price target on Emerson Electric from $125.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $136.47.

Insiders Place Their Bets

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 completion of the transaction, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company's stock.

Emerson Electric Stock Down 1.0%

Shares of EMR stock opened at $125.45 on Monday. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The firm has a market cap of $70.57 billion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The stock has a 50 day moving average of $112.36 and a 200-day moving average of $118.22.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating the consensus estimate 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 13.74% and a return on equity of 12.08%. The business's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.36 EPS. On average, equities analysts predict 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. Shareholders of record on Friday, May 16th were issued a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.68%. Emerson Electric's dividend payout ratio (DPR) 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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