Cambridge Investment Research Advisors Inc. Has $16.71 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Cambridge Investment Research Advisors Inc. boosted its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 17.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 152,407 shares of the industrial products company's stock after purchasing an additional 22,923 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Emerson Electric were worth $16,710,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Unison Advisors LLC grew its position in shares of Emerson Electric by 0.5% during the 4th quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock valued at $2,629,000 after acquiring an additional 98 shares during the period. Texas Yale Capital Corp. grew its position in shares of Emerson Electric by 0.7% during the 4th quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company's stock valued at $1,833,000 after acquiring an additional 100 shares during the period. Ecofi Investissements SA grew its position in shares of Emerson Electric by 0.3% during the 4th quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company's stock valued at $4,111,000 after acquiring an additional 100 shares during the period. Apriem Advisors grew its position in shares of Emerson Electric by 2.1% during the 4th quarter. Apriem Advisors now owns 5,051 shares of the industrial products company's stock valued at $626,000 after acquiring an additional 105 shares during the period. Finally, Donaldson Capital Management LLC grew its position in shares of Emerson Electric by 2.1% during the 4th quarter. Donaldson Capital Management LLC now owns 5,288 shares of the industrial products company's stock valued at $655,000 after acquiring an additional 107 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Activity

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the transaction, the chief executive officer now directly owns 164,957 shares of the company's stock, valued at $18,694,576.81. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on EMR shares. Wells Fargo & Company lifted their target price on shares of Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. lifted their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. KeyCorp boosted their price target on shares of Emerson Electric from $125.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday, June 13th. Finally, Robert W. Baird lowered their price target on shares of 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 analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $136.47.

Emerson Electric Trading Down 1.0%

Shares of EMR stock traded down $1.27 during mid-day trading on Wednesday, reaching $129.46. The company's stock had a trading volume of 2,589,386 shares, compared to its average volume of 2,979,236. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85. The firm has a market capitalization of $72.82 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 2.59 and a beta of 1.28. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. The company's 50 day simple moving average is $116.93 and its 200-day simple moving average is $118.20.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The firm's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 EPS. On average, research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

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.