Hanson & Doremus Investment Management Purchases 6,956 Shares of Emerson Electric Co. (NYSE:EMR)

Hanson & Doremus Investment Management increased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 57.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,983 shares of the industrial products company's stock after acquiring an additional 6,956 shares during the period. Hanson & Doremus Investment Management's holdings in Emerson Electric were worth $2,081,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of EMR. Mcdonald Partners LLC raised its position in shares of Emerson Electric by 0.6% during the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock worth $1,761,000 after purchasing an additional 81 shares during the period. Little House Capital LLC increased its position in shares of Emerson Electric by 0.5% during the fourth quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock worth $2,108,000 after acquiring an additional 89 shares in the last quarter. Pittenger & Anderson Inc. raised its holdings in shares of Emerson Electric by 0.3% during the fourth quarter. Pittenger & Anderson Inc. now owns 36,035 shares of the industrial products company's stock worth $4,466,000 after acquiring an additional 95 shares during the period. Unison Advisors LLC lifted its position in Emerson Electric by 0.5% in the 4th quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock valued at $2,629,000 after acquiring an additional 98 shares in the last quarter. Finally, Redmond Asset Management LLC boosted its stake in Emerson Electric by 4.6% in the 4th quarter. Redmond Asset Management LLC now owns 2,260 shares of the industrial products company's stock worth $280,000 after purchasing an additional 100 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on EMR shares. JPMorgan Chase & Co. lifted their target price on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Barclays lifted their price target on shares of Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a research note on Monday, June 9th. Robert W. Baird reduced their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Finally, Wells Fargo & Company lifted their target price on Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $136.47.

Emerson Electric Price Performance

NYSE EMR traded down $1.13 on Tuesday, hitting $127.55. 2,787,974 shares of the company's stock were exchanged, compared to its average volume of 2,962,149. The stock has a 50-day moving average of $113.06 and a 200-day moving average of $118.19. The stock has a market cap of $71.75 billion, a price-to-earnings ratio of 30.51, a P/E/G ratio of 2.54 and a beta of 1.28. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period last year, the firm posted $1.36 earnings per share. Emerson Electric's revenue was up 1.3% compared to the same quarter last year. Analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Friday, May 16th. Emerson Electric's dividend payout ratio is currently 50.48%.

Insiders Place Their Bets

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 stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the sale, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.50% of the company's stock.

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.