Heck Capital Advisors LLC Buys New Shares in Emerson Electric Co. (NYSE:EMR)

Heck Capital Advisors LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 4,155 shares of the industrial products company's stock, valued at approximately $515,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stokes Family Office LLC lifted its stake in shares of 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 valued at $1,141,000 after purchasing an additional 4,480 shares during the period. GHP Investment Advisors Inc. increased its position in Emerson Electric by 8.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock valued at $10,187,000 after buying an additional 6,321 shares in the last quarter. Clark Capital Management Group Inc. increased its position in Emerson Electric by 7.7% in the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock valued at $749,000 after buying an additional 434 shares in the last quarter. World Investment Advisors increased its position in Emerson Electric by 41.2% in the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock valued at $2,581,000 after buying an additional 6,079 shares in the last quarter. Finally, Howland Capital Management LLC increased its position in Emerson Electric by 13.0% in the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock valued at $3,283,000 after buying an additional 3,054 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Royal Bank of Canada boosted their target price on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Barclays boosted their target price on Emerson Electric from $104.00 to $112.00 and gave the company an "underweight" rating in a research report on Friday. Wells Fargo & Company boosted 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. Robert W. Baird decreased their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Emerson Electric currently has a consensus rating of "Moderate Buy" and an average price target of $133.53.

Insiders Place Their Bets

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer now owns 164,957 shares of the company's stock, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.50% of the company's stock.

Emerson Electric Stock Performance

Shares of NYSE EMR traded down $0.65 during midday trading on Friday, reaching $119.27. The company's stock had a trading volume of 4,057,167 shares, compared to its average volume of 2,931,099. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85. The firm has a 50 day moving average price of $108.64 and a 200-day moving average price of $118.75. The stock has a market capitalization of $67.09 billion, a P/E ratio of 28.47, a PEG ratio of 2.49 and a beta of 1.26. 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 (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the prior year, the business earned $1.36 earnings per share. Emerson Electric's revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities analysts predict 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 will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be paid a $0.5275 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.77%. Emerson Electric's payout ratio is 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.