Emerson Electric Co. (NYSE:EMR) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 59.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,373 shares of the industrial products company's stock after buying an additional 6,099 shares during the period. Farther Finance Advisors LLC's holdings in Emerson Electric were worth $1,801,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of EMR. Brighton Jones LLC boosted its holdings 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 last quarter. Soltis Investment Advisors LLC lifted its holdings in shares of Emerson Electric by 4.8% in the fourth quarter. Soltis Investment Advisors LLC now owns 2,563 shares of the industrial products company's stock worth $318,000 after buying an additional 117 shares in the last quarter. Focus Financial Network Inc. lifted its holdings in shares of Emerson Electric by 42.1% in the fourth quarter. Focus Financial Network Inc. now owns 5,306 shares of the industrial products company's stock worth $658,000 after buying an additional 1,573 shares in the last quarter. Essex Financial Services Inc. lifted its holdings in shares of Emerson Electric by 3.7% during the 4th quarter. Essex Financial Services Inc. now owns 9,413 shares of the industrial products company's stock worth $1,167,000 after acquiring an additional 339 shares during the last quarter. Finally, David Wealth Management LLC bought a new stake in shares of Emerson Electric during the 4th quarter worth $275,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Trading Down 1.0%

Shares of EMR traded down $1.27 during mid-day trading on Friday, reaching $125.45. The stock had a trading volume of 3,368,277 shares, compared to its average volume of 2,954,965. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85. The business's fifty day moving average is $112.36 and its 200 day moving average is $118.42. The firm has a market cap 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 announced its quarterly earnings data 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. The firm had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The business's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.36 earnings per share. On average, sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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

Insider Transactions at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company'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 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.50% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on EMR. Wells Fargo & Company boosted their price target on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Barclays upped their price objective on shares of Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a report on Monday, June 9th. JPMorgan Chase & Co. upped their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Citigroup upped their target price on shares of Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Royal Bank of Canada increased 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 analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $136.47.

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.