Emerson Electric Co. (NYSE:EMR) Shares Purchased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. raised its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 89.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,628 shares of the industrial products company's stock after acquiring an additional 5,946 shares during the period. J.W. Cole Advisors Inc.'s holdings in Emerson Electric were worth $1,385,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in shares of Emerson Electric by 74.1% during the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock valued at $1,412,000 after purchasing an additional 4,850 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Emerson Electric during the 4th quarter valued at $291,000. Thrivent Financial for Lutherans boosted its stake in shares of Emerson Electric by 10.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 33,039 shares of the industrial products company's stock worth $4,113,000 after buying an additional 3,177 shares during the last quarter. LPL Financial LLC increased its position in Emerson Electric by 4.4% during the fourth quarter. LPL Financial LLC now owns 869,880 shares of the industrial products company's stock valued at $107,804,000 after acquiring an additional 36,709 shares during the last quarter. Finally, Stevens Capital Management LP lifted its holdings in Emerson Electric by 27.1% in the fourth quarter. Stevens Capital Management LP now owns 2,466 shares of the industrial products company's stock valued at $306,000 after acquiring an additional 526 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded down $0.01 during trading hours on Thursday, reaching $146.87. The company's stock had a trading volume of 3,024,472 shares, compared to its average volume of 3,066,554. The stock has a market cap of $82.61 billion, a P/E ratio of 35.14, a P/E/G ratio of 2.80 and a beta of 1.29. Emerson Electric Co. has a one year low of $90.06 and a one year high of $147.57. The firm has a 50 day moving average price of $129.71 and a 200-day moving average price of $120.01. 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 (NYSE:EMR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. The business 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%. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 earnings per share. On average, analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company 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 1.44%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's payout ratio is 50.48%.

Analyst Ratings Changes

A number of research firms recently issued reports on EMR. Wells Fargo & Company raised their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Robert W. Baird decreased their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, Royal Bank Of Canada raised their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Two research 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $142.28.

Insider Buying and Selling at Emerson Electric

In related 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 transaction, the chief executive officer directly owned 164,957 shares of the company's stock, valued at $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.50% of the stock is owned by insiders.

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.