Emerson Electric Co. (NYSE:EMR) Shares Bought by AE Wealth Management LLC

AE Wealth Management LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 8.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 189,297 shares of the industrial products company's stock after purchasing an additional 15,065 shares during the quarter. AE Wealth Management LLC's holdings in Emerson Electric were worth $20,755,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. J. W. Coons Advisors LLC increased its position in shares of Emerson Electric by 0.8% during the 1st quarter. J. W. Coons Advisors LLC now owns 13,000 shares of the industrial products company's stock valued at $1,425,000 after purchasing an additional 100 shares during the last quarter. Boyd Watterson Asset Management LLC OH increased its position in shares of Emerson Electric by 13.8% during the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 17,117 shares of the industrial products company's stock valued at $1,877,000 after purchasing an additional 2,071 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of Emerson Electric by 3.9% during the 1st quarter. Venturi Wealth Management LLC now owns 5,620 shares of the industrial products company's stock valued at $616,000 after purchasing an additional 211 shares during the last quarter. Beacon Investment Advisory Services Inc. increased its holdings in Emerson Electric by 3.7% in the 1st quarter. Beacon Investment Advisory Services Inc. now owns 6,245 shares of the industrial products company's stock worth $685,000 after acquiring an additional 225 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its holdings in Emerson Electric by 11.2% in the 1st quarter. Proficio Capital Partners LLC now owns 2,614 shares of the industrial products company's stock worth $287,000 after acquiring an additional 263 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EMR. Citigroup lifted their price objective on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, July 14th. KeyCorp boosted their target price on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Wells Fargo & Company boosted their target price on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Stephens upped their price objective on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Finally, TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $142.28.

Emerson Electric Stock Up 1.9%

EMR stock traded up $2.86 on Friday, hitting $149.68. 2,594,108 shares of the company's stock were exchanged, compared to its average volume of 3,063,180. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $149.84. The firm has a 50 day moving average price of $130.24 and a two-hundred day moving average price of $120.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. The stock has a market cap of $84.20 billion, a P/E ratio of 35.81, a price-to-earnings-growth ratio of 2.85 and a beta of 1.29.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The company had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. The firm's revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts expect 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. Investors of record on Friday, May 16th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is 50.48%.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction dated 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 completion of the sale, the chief executive officer owned 164,957 shares of the company's stock, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by company insiders.

Emerson Electric 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.