Emerson Electric Co. (NYSE:EMR) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 15.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 347,763 shares of the industrial products company's stock after acquiring an additional 46,998 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.06% of Emerson Electric worth $38,129,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Orion Capital Management LLC acquired a new stake in shares of Emerson Electric in the 4th quarter worth $25,000. Vega Investment Solutions purchased a new position in shares of Emerson Electric during the 4th quarter worth $27,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Emerson Electric during the 4th quarter worth $28,000. Ameriflex Group Inc. purchased a new position in shares of Emerson Electric during the 4th quarter worth $30,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Emerson Electric by 208.2% during the 4th quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company's stock worth $37,000 after purchasing an additional 202 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EMR has been the subject of a number of research analyst reports. Barclays increased their price target on Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a report on Monday, June 9th. JPMorgan Chase & Co. raised their target price on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, May 16th. KeyCorp lifted their price objective on Emerson Electric from $125.00 to $150.00 and gave the company an "overweight" rating in a research note on Friday, June 13th. Royal Bank Of Canada lifted their price objective on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Finally, Robert W. Baird cut their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $136.47.

Insider Transactions at Emerson Electric

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 transaction of $1,892,384.34. Following the transaction, the chief executive officer now owns 164,957 shares of the company's stock, valued at $18,694,576.81. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.50% of the company's stock.

Emerson Electric Stock Down 0.3%

Shares of EMR stock traded down $0.36 during trading hours on Friday, reaching $128.30. The company had a trading volume of 5,780,018 shares, compared to its average volume of 2,978,529. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. The company has a market capitalization of $72.17 billion, a P/E ratio of 30.69, a price-to-earnings-growth ratio of 2.54 and a beta of 1.28. The stock's fifty day simple moving average is $115.14 and its 200 day simple moving average is $118.14.

Emerson Electric (NYSE:EMR - Get Free Report) last posted 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 company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the previous year, the business earned $1.36 EPS. Emerson Electric's revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal 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 1.64%. The ex-dividend date was Friday, May 16th. Emerson Electric's payout ratio is currently 50.48%.

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.