Emerson Electric Co. (NYSE:EMR) Shares Purchased by Perpetual Ltd

Perpetual Ltd grew its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 4.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,180,255 shares of the industrial products company's stock after buying an additional 46,281 shares during the quarter. Emerson Electric accounts for approximately 1.6% of Perpetual Ltd's holdings, making the stock its 17th biggest holding. Perpetual Ltd owned 0.21% of Emerson Electric worth $129,403,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. PDS Planning Inc raised its position in Emerson Electric by 4.5% during the first quarter. PDS Planning Inc now owns 6,163 shares of the industrial products company's stock worth $676,000 after acquiring an additional 265 shares during the last quarter. KPP Advisory Services LLC increased its stake in shares of Emerson Electric by 295.8% during the 1st quarter. KPP Advisory Services LLC now owns 7,662 shares of the industrial products company's stock worth $840,000 after purchasing an additional 5,726 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Emerson Electric by 22.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 248,375 shares of the industrial products company's stock worth $27,232,000 after purchasing an additional 45,897 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in Emerson Electric by 1.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 19,714 shares of the industrial products company's stock valued at $2,161,000 after buying an additional 247 shares during the last quarter. Finally, Pure Financial Advisors LLC purchased a new position in Emerson Electric during the first quarter worth $240,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of analyst reports. Barclays increased their price objective on Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a research note on Monday, June 9th. Robert W. Baird lowered their price target on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Citigroup boosted their price objective on shares of Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, KeyCorp boosted their price target on Emerson Electric from $125.00 to $150.00 and gave the company an "overweight" rating in a report on Friday, June 13th. 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 one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $136.47.

Insiders Place Their Bets

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction that occurred on 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 sale, the chief executive officer now owns 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by insiders.

Emerson Electric Stock Performance

Emerson Electric stock opened at $132.88 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. The company has a market cap of $74.75 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 2.56 and a beta of 1.28. The stock's 50-day moving average is $117.60 and its 200-day moving average is $118.21.

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 analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The firm had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.42 billion. During the same period in the previous year, the company posted $1.36 earnings per share. Emerson Electric's revenue was up 1.3% compared to the same quarter last year. Equities analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend 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.

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