Envestnet Asset Management Inc. Grows Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Envestnet Asset Management Inc. increased its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 6.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,728,777 shares of the industrial products company's stock after buying an additional 106,623 shares during the quarter. Envestnet Asset Management Inc. owned about 0.31% of Emerson Electric worth $189,543,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Chilton Capital Management LLC raised its stake in Emerson Electric by 3.9% during the 1st quarter. Chilton Capital Management LLC now owns 255,940 shares of the industrial products company's stock worth $28,061,000 after buying an additional 9,499 shares during the period. Argentarii LLC raised its stake in Emerson Electric by 3.2% during the 1st quarter. Argentarii LLC now owns 13,063 shares of the industrial products company's stock worth $1,432,000 after buying an additional 400 shares during the period. Concurrent Investment Advisors LLC raised its stake in shares of Emerson Electric by 4.4% in the first quarter. Concurrent Investment Advisors LLC now owns 50,129 shares of the industrial products company's stock worth $5,496,000 after purchasing an additional 2,115 shares during the last quarter. World Investment Advisors raised its stake in shares of Emerson Electric by 14.9% in the first quarter. World Investment Advisors now owns 23,921 shares of the industrial products company's stock worth $2,623,000 after purchasing an additional 3,098 shares during the last quarter. Finally, Olde Wealth Management LLC purchased a new stake in shares of Emerson Electric in the first quarter worth approximately $171,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of NYSE:EMR traded down $0.60 during trading on Friday, hitting $140.07. 2,107,737 shares of the company were exchanged, compared to its average volume of 3,099,923. The company has a market cap of $78.79 billion, a PE ratio of 33.51, a P/E/G ratio of 2.71 and a beta of 1.29. The stock has a 50 day moving average of $124.48 and a 200 day moving average of $118.90. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week 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 posted 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 firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The business's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.36 earnings per share. As a group, equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.51%. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction on 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 sale, the chief executive officer owned 164,957 shares in the company, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on EMR. JPMorgan Chase & Co. increased their price objective on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Citigroup increased their price objective on Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. TD Cowen raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday. KeyCorp increased their price objective on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Finally, Robert W. Baird reduced their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $139.83.

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.