IFP Advisors Inc Buys 10,934 Shares of Emerson Electric Co. (NYSE:EMR)

IFP Advisors Inc increased its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 98.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,080 shares of the industrial products company's stock after acquiring an additional 10,934 shares during the quarter. IFP Advisors Inc's holdings in Emerson Electric were worth $2,421,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in EMR. Orion Capital Management LLC bought a new stake in shares of Emerson Electric in the fourth quarter worth about $25,000. Vega Investment Solutions bought a new stake in shares of Emerson Electric in the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Emerson Electric in the fourth quarter worth about $28,000. Inlight Wealth Management LLC bought a new stake in shares of Emerson Electric in the first quarter worth about $28,000. Finally, Fourth Dimension Wealth LLC increased its holdings in shares of Emerson Electric by 145.3% in the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock worth $29,000 after acquiring an additional 154 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Insider Transactions at Emerson Electric

In other Emerson Electric 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by company insiders.

Emerson Electric Stock Performance

Shares of EMR traded down $0.05 on Thursday, reaching $146.83. 1,291,288 shares of the company's stock traded hands, compared to its average volume of 3,053,543. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42. The stock's 50 day simple moving average is $129.71 and its two-hundred day simple moving average is $120.01. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $147.57. The stock has a market cap of $82.59 billion, a PE ratio of 35.14, a PEG ratio of 2.80 and a beta of 1.29.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results 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 analysts' expectations of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The firm's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.36 earnings per share. On average, analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on EMR shares. Bank of America boosted their target price on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada raised their price target on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Citigroup raised their price target on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. raised their price target on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, KeyCorp raised their price target on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and an average price target of $142.28.

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.