Envestnet Asset Management Inc. Has $189.54 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Envestnet Asset Management Inc. boosted its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 6.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,728,777 shares of the industrial products company's stock after buying an additional 106,623 shares during the period. Envestnet Asset Management Inc. owned approximately 0.31% of Emerson Electric worth $189,543,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in Emerson Electric during the fourth quarter worth $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Emerson Electric by 3,866.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock worth $374,581,000 after buying an additional 2,946,310 shares during the last quarter. Boston Partners raised its stake in Emerson Electric by 136.3% during the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock worth $411,944,000 after acquiring an additional 1,913,120 shares in the last quarter. GAMMA Investing LLC raised its stake in Emerson Electric by 12,707.7% during the first quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock worth $123,503,000 after acquiring an additional 1,117,646 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of Emerson Electric by 230,061.8% in the fourth quarter. Lazard Asset Management LLC now owns 819,376 shares of the industrial products company's stock worth $101,545,000 after acquiring an additional 819,020 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Trading Up 0.8%

NYSE EMR traded up $1.09 during trading hours on Wednesday, hitting $139.82. 1,939,739 shares of the company's stock were exchanged, compared to its average volume of 2,999,364. The firm has a market cap of $78.65 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 2.69 and a beta of 1.29. The stock has a 50-day simple moving average of $123.09 and a 200 day simple moving average of $118.64. 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 Co. has a 1-year low of $90.06 and a 1-year high of $139.90.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data 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 company had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. Emerson Electric's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.36 EPS. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were paid a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.51%. Emerson Electric's dividend payout ratio is presently 50.48%.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 164,957 shares in the company, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EMR. KeyCorp upped 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. Bank of America boosted their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Robert W. Baird dropped 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. Royal Bank Of Canada boosted their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $139.83.

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.