LPL Financial LLC Buys 163,036 Shares of Emerson Electric Co. (NYSE:EMR)

LPL Financial LLC increased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 18.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,032,916 shares of the industrial products company's stock after purchasing an additional 163,036 shares during the period. LPL Financial LLC owned approximately 0.18% of Emerson Electric worth $113,249,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Orion Capital Management LLC bought a new position in shares of Emerson Electric in the fourth quarter valued at $25,000. Vega Investment Solutions bought a new stake in Emerson Electric during the 4th quarter worth approximately $27,000. Inlight Wealth Management LLC purchased a new stake in shares of Emerson Electric in the first quarter worth approximately $28,000. Fourth Dimension Wealth LLC boosted its position in shares of Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after buying an additional 154 shares during the last quarter. Finally, Ameriflex Group Inc. purchased a new stake in Emerson Electric in the 4th quarter valued at $30,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the sale, the chief executive officer directly owned 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EMR. Citigroup upped their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Wells Fargo & Company increased their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Bank of America boosted their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. KeyCorp increased their price target on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. 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 report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Emerson Electric currently has a consensus rating of "Moderate Buy" and a consensus target price of $142.28.

Emerson Electric Stock Performance

Shares of Emerson Electric stock traded down $3.83 during trading hours on Friday, reaching $141.68. 4,078,731 shares of the stock traded hands, compared to its average volume of 2,776,646. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The firm has a market capitalization of $79.70 billion, a price-to-earnings ratio of 33.89, a P/E/G ratio of 2.82 and a beta of 1.29. 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 has a 50 day moving average price of $133.64 and a 200 day moving average price of $121.30.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. Emerson Electric's revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 EPS. On average, equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.5%. Emerson Electric's payout ratio is currently 50.48%.

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.