Ibex Wealth Advisors Grows Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Ibex Wealth Advisors boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 12.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,723 shares of the industrial products company's stock after purchasing an additional 3,435 shares during the quarter. Ibex Wealth Advisors' holdings in Emerson Electric were worth $3,368,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Simplicity Wealth LLC purchased a new stake in shares of Emerson Electric in the first quarter valued at $1,429,000. GAMMA Investing LLC lifted its position in shares of Emerson Electric by 16.8% in the 1st quarter. GAMMA Investing LLC now owns 10,274 shares of the industrial products company's stock worth $1,126,000 after purchasing an additional 1,479 shares during the period. Harbor Capital Advisors Inc. bought a new stake in Emerson Electric during the 1st quarter valued at $1,388,000. Tounjian Advisory Partners LLC purchased a new position in Emerson Electric in the first quarter valued at about $1,164,000. Finally, Pallas Capital Advisors LLC raised its stake in shares of Emerson Electric by 5.2% during the 1st quarter. Pallas Capital Advisors LLC now owns 81,165 shares of the industrial products company's stock worth $8,899,000 after acquiring an additional 4,003 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Emerson Electric Price Performance

Shares of EMR stock traded down $0.39 during trading hours on Wednesday, reaching $126.55. The company had a trading volume of 3,488,597 shares, compared to its average volume of 2,942,969. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The company has a market capitalization of $71.18 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 2.49 and a beta of 1.28. The stock has a fifty day moving average of $110.49 and a 200-day moving average of $118.46.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company's revenue for the quarter 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. On average, equities analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's payout ratio is 50.48%.

Analysts Set New Price Targets

EMR has been the subject of a number of research analyst reports. Robert W. Baird decreased their price target on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. KeyCorp dropped their price target on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada lifted their target price on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Barclays lifted their price objective on shares of Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a research note on Monday. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $135.00.

Insider Buying and Selling at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction 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 sale, the chief executive officer now directly owns 164,957 shares of the company's stock, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

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.