Exchange Traded Concepts LLC Increases Stock Position in Emerson Electric Co. (NYSE:EMR)

Exchange Traded Concepts LLC increased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 24.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 176,671 shares of the industrial products company's stock after purchasing an additional 35,113 shares during the period. Exchange Traded Concepts LLC's holdings in Emerson Electric were worth $19,370,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock worth $1,412,000 after acquiring an additional 4,850 shares during the period. Catalyst Financial Partners LLC lifted its holdings in shares of Emerson Electric by 5.0% during the fourth quarter. Catalyst Financial Partners LLC now owns 2,719 shares of the industrial products company's stock worth $337,000 after purchasing an additional 130 shares during the period. Vontobel Holding Ltd. grew its position in Emerson Electric by 5.5% in the 4th quarter. Vontobel Holding Ltd. now owns 171,546 shares of the industrial products company's stock valued at $21,260,000 after buying an additional 8,971 shares during the last quarter. V Square Quantitative Management LLC raised its position in Emerson Electric by 6.5% during the 4th quarter. V Square Quantitative Management LLC now owns 4,235 shares of the industrial products company's stock worth $525,000 after buying an additional 258 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. lifted its stake in shares of Emerson Electric by 5.0% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 116,664 shares of the industrial products company's stock worth $14,458,000 after acquiring an additional 5,544 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded down $1.27 during trading on Friday, hitting $125.45. 3,368,277 shares of the company were exchanged, compared to its average volume of 2,959,486. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average price of $112.36 and a 200 day moving average price of $118.32. The stock has a market capitalization of $70.57 billion, a price-to-earnings ratio of 29.94, a P/E/G ratio of 2.49 and a beta of 1.28.

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 for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. The company had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.36 earnings per share. On average, equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio is presently 50.48%.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 164,957 shares in the company, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on EMR shares. Robert W. Baird cut 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 increased their target price on Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. KeyCorp lifted their price target on Emerson Electric from $125.00 to $150.00 and gave the company an "overweight" rating in a research note on Friday. JPMorgan Chase & Co. increased their price objective on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, Royal Bank of Canada boosted their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating 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 assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $136.47.

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.