Emerson Electric Co. (NYSE:EMR) Stake Boosted by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers increased its stake in Emerson Electric Co. by 13.8%, acquiring a total of 249,126 shares valued at approximately $27.3 million as of the latest reporting period.
• Emerson Electric reported earnings of $1.48 per share for the most recent quarter, surpassing the consensus estimate of $1.41 and achieving revenue of $4.43 billion.
• The company recently declared a quarterly dividend of $0.5275 per share, translating to an annualized dividend of $2.11 with a yield of 1.41%.

Cetera Investment Advisers lifted its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 13.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 249,126 shares of the industrial products company's stock after purchasing an additional 30,139 shares during the period. Cetera Investment Advisers' holdings in Emerson Electric were worth $27,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clark Capital Management Group Inc. grew its stake in Emerson Electric by 7.7% during the fourth quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock valued at $749,000 after acquiring an additional 434 shares in the last quarter. World Investment Advisors grew its stake in Emerson Electric by 41.2% during the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock valued at $2,581,000 after acquiring an additional 6,079 shares in the last quarter. Geode Capital Management LLC grew its stake in Emerson Electric by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock valued at $1,443,725,000 after acquiring an additional 232,540 shares in the last quarter. StoneX Group Inc. lifted its position in Emerson Electric by 23.5% during the fourth quarter. StoneX Group Inc. now owns 32,927 shares of the industrial products company's stock valued at $4,081,000 after purchasing an additional 6,264 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in Emerson Electric by 2.7% during the first quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock valued at $23,271,000 after purchasing an additional 5,504 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric 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 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 link. Insiders own 0.50% of the company's stock.

Emerson Electric Trading Up 0.1%

Shares of Emerson Electric stock traded up $0.12 during mid-day trading on Thursday, hitting $146.18. 970,339 shares of the stock were exchanged, compared to its average volume of 3,051,695. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The stock has a market capitalization of $82.22 billion, a price-to-earnings ratio of 34.95, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. The company has a 50-day simple moving average of $132.61 and a 200 day simple moving average of $120.96. 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 (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the firm posted $1.36 EPS. The company's revenue was up 1.3% on a year-over-year basis. Research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Friday, May 16th. Emerson Electric's payout ratio is currently 50.48%.

Wall Street Analyst Weigh In

Several equities analysts have commented on EMR shares. Robert W. Baird lowered their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. JPMorgan Chase & Co. raised their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Barclays raised their target price on shares of Emerson Electric from $118.00 to $125.00 and gave the stock an "underweight" rating in a report on Wednesday, July 9th. Two equities 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $142.28.

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.