Insigneo Advisory Services LLC Buys New Shares in Emerson Electric Co. (NYSE:EMR)

Insigneo Advisory Services LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,341 shares of the industrial products company's stock, valued at approximately $366,000.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Emerson Electric during the fourth quarter worth approximately $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Emerson Electric by 3,866.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock worth $374,581,000 after purchasing an additional 2,946,310 shares during the period. Raymond James Financial Inc. bought a new position in shares of Emerson Electric during the fourth quarter worth approximately $297,947,000. Boston Partners increased its holdings in shares of Emerson Electric by 136.3% during the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock worth $411,944,000 after purchasing an additional 1,913,120 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in shares of Emerson Electric by 234.2% during the fourth quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock worth $252,313,000 after purchasing an additional 1,426,718 shares during the period. 74.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on EMR. Wells Fargo & Company raised their target price on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. KeyCorp raised their target price on shares of Emerson Electric from $125.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, June 13th. JPMorgan Chase & Co. lifted their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, Royal Bank Of Canada lifted their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $136.47.

Emerson Electric Price Performance

Emerson Electric stock traded down $0.36 during mid-day trading on Friday, reaching $128.30. The company had a trading volume of 5,780,018 shares, compared to its average volume of 2,978,732. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two 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. The company has a market cap of $72.17 billion, a P/E ratio of 30.69, a P/E/G ratio of 2.54 and a beta of 1.28. The business has a fifty day simple moving average of $114.58 and a 200 day simple moving average of $118.29.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping analysts' consensus estimates 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%. Emerson Electric's revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 earnings per share. On average, equities research analysts predict 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 issued a dividend of $0.5275 per share. The ex-dividend date was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.64%. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

Insider Transactions at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business'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 in the company, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by company 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.