Emerson Electric Co. (NYSE:EMR) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its stake 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 disclosure with the Securities & Exchange Commission. The fund 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 hedge funds and other institutional investors have also recently made changes to their positions in EMR. Orion Capital Management LLC purchased a new position in shares of Emerson Electric during the fourth quarter worth about $25,000. Vega Investment Solutions purchased a new position in shares of Emerson Electric during the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Emerson Electric during the fourth quarter worth about $28,000. Inlight Wealth Management LLC purchased a new position in shares of Emerson Electric during the first quarter worth about $28,000. Finally, Fourth Dimension Wealth LLC grew its holdings in shares of Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock worth $29,000 after buying an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded up $0.84 during trading on Thursday, hitting $140.64. 2,237,601 shares of the company were exchanged, compared to its average volume of 3,007,734. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $142.31. The stock has a market capitalization of $79.11 billion, a price-to-earnings ratio of 33.65, a P/E/G ratio of 2.71 and a beta of 1.29. The firm has a 50 day moving average price of $123.79 and a 200 day moving average price of $118.78.

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, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the previous year, the firm posted $1.36 EPS. The company's quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm 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 of this dividend was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.50%. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. TD Cowen raised Emerson Electric to a "strong-buy" rating in a report on Tuesday. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Bank of America lifted their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Robert W. Baird lowered their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock 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 company. According to MarketBeat.com, Emerson Electric has a consensus rating of "Moderate Buy" and a consensus price target of $139.83.

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 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 completion of the transaction, the chief executive officer directly owned 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.50% of the company's stock.

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.