Heartland Bank & Trust Co Makes New $784,000 Investment in Emerson Electric Co. (NYSE:EMR)

Heartland Bank & Trust Co purchased a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 7,148 shares of the industrial products company's stock, valued at approximately $784,000.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of 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 buying an additional 4,850 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $70,000. Private Advisor Group LLC lifted its stake in shares of Emerson Electric by 4.6% during the 4th quarter. Private Advisor Group LLC now owns 69,790 shares of the industrial products company's stock worth $8,649,000 after buying an additional 3,096 shares during the last quarter. Cassaday & Co Wealth Management LLC lifted its stake in shares of Emerson Electric by 41.0% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 2,712 shares of the industrial products company's stock worth $336,000 after buying an additional 789 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT lifted its stake in shares of Emerson Electric by 0.5% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 33,901 shares of the industrial products company's stock worth $4,201,000 after buying an additional 176 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Insiders Place Their Bets

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 sale, the chief executive officer now directly owns 164,957 shares of the company's stock, 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 can be accessed through this link. Insiders own 0.50% of the company's stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded up $1.18 during midday trading on Monday, hitting $129.51. 1,900,982 shares of the company traded hands, compared to its average volume of 2,974,218. The stock has a market cap of $72.85 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 2.54 and a beta of 1.28. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. The firm's fifty day moving average price is $115.14 and its 200-day moving average price is $118.04. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month 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 the consensus estimate of $1.41 by $0.07. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The firm's revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.36 EPS. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EMR. Citigroup lifted their price objective 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 price objective 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. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Royal Bank Of Canada lifted their price objective 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. Finally, JPMorgan Chase & Co. lifted their price objective 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. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $136.47.

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.