Fullcircle Wealth LLC Invests $535,000 in Emerson Electric Co. (NYSE:EMR)

Fullcircle Wealth LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,121 shares of the industrial products company's stock, valued at approximately $535,000.

A number of other hedge funds have also recently added to or reduced their stakes in EMR. Vanguard Group Inc. lifted its holdings in Emerson Electric by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock valued at $6,634,837,000 after purchasing an additional 384,313 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Emerson Electric by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock valued at $1,443,725,000 after purchasing an additional 232,540 shares in the last quarter. Norges Bank purchased a new position in Emerson Electric during the fourth quarter valued at $885,886,000. Northern Trust Corp lifted its stake in shares of Emerson Electric by 5.9% in the fourth quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock worth $827,377,000 after buying an additional 370,560 shares in the last quarter. Finally, Schroder Investment Management Group lifted its stake in shares of Emerson Electric by 4.1% in the fourth quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock worth $542,379,000 after buying an additional 171,946 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Up 0.1%

Shares of EMR stock traded up $0.20 during trading on Tuesday, reaching $138.60. The company's stock had a trading volume of 612,320 shares, compared to its average volume of 2,987,161. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. The company has a market capitalization of $77.96 billion, a price-to-earnings ratio of 33.17, a P/E/G ratio of 2.71 and a beta of 1.29. The stock's 50-day moving average price is $122.42 and its 200 day moving average price is $118.50. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $139.90.

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 13.60% and a return on equity of 13.22%. 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, research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's 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 completion of the transaction, the chief executive officer owned 164,957 shares in the company, valued at $18,694,576.81. The trade was a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

EMR has been the topic of several research reports. Royal Bank Of Canada raised their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Citigroup raised their price target 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. Wells Fargo & Company lifted their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. lifted their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Emerson Electric has an average rating of "Moderate Buy" and a consensus target price of $139.21.

About Emerson Electric

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.