GHP Investment Advisors Inc. Grows Stake in Emerson Electric Co. (NYSE:EMR)

GHP Investment Advisors Inc. lifted its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 7.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 88,514 shares of the industrial products company's stock after buying an additional 6,313 shares during the quarter. GHP Investment Advisors Inc.'s holdings in Emerson Electric were worth $9,705,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EMR. Stokes Family Office LLC increased its stake in Emerson Electric by 94.8% in the 4th quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock worth $1,141,000 after acquiring an additional 4,480 shares during the last quarter. Clark Capital Management Group Inc. grew its holdings in shares of Emerson Electric by 7.7% in the fourth quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock valued at $749,000 after purchasing an additional 434 shares in the last quarter. World Investment Advisors increased its position in Emerson Electric by 41.2% in the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock worth $2,581,000 after purchasing an additional 6,079 shares during the last quarter. Geode Capital Management LLC lifted its position 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 during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Emerson Electric in the 4th quarter worth $297,947,000. Institutional investors own 74.30% of the company's stock.

Insider Activity

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 transaction of $1,892,384.34. Following the completion of the sale, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

EMR has been the topic of several recent research reports. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. upped their price objective on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. KeyCorp lifted their target price on Emerson Electric from $125.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, June 13th. Barclays increased their price target on Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a report on Monday, June 9th. Finally, Wells Fargo & Company raised their price target on Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average price target of $136.47.

Emerson Electric Trading Up 0.3%

EMR traded up $0.43 on Friday, reaching $133.16. 4,286,946 shares of the company traded hands, compared to its average volume of 2,984,566. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. The company has a market cap of $74.90 billion, a P/E ratio of 31.86, a price-to-earnings-growth ratio of 2.56 and a beta of 1.28. The firm has a fifty day simple moving average of $117.60 and a two-hundred day simple moving average of $118.21. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85.

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 (EPS) 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 analyst estimates of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. Emerson Electric's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.36 earnings per share. As a group, equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were given a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.58%. Emerson Electric's payout ratio is presently 50.48%.

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.