Jefferies Financial Group Inc. Makes New $1.09 Million Investment in Emerson Electric Co. (NYSE:EMR)

Key Points

• Jefferies Financial Group Inc. has made a new investment in Emerson Electric Co., acquiring approximately $1.09 million worth of stock during the first quarter.
• Research analysts have mixed ratings on Emerson Electric, with price targets ranging from $125.00 to $155.00, leading to a consensus rating of "Moderate Buy."
• Emerson Electric recently announced a quarterly dividend of $0.5275 per share, equivalent to an annualized yield of 1.5% with a payout ratio of 50.48%.

Jefferies Financial Group Inc. acquired a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,969 shares of the industrial products company's stock, valued at approximately $1,093,000.

Other large investors also recently made changes to their positions in the company. Orion Capital Management LLC bought a new position in shares of Emerson Electric in the 4th quarter valued at about $25,000. Vega Investment Solutions acquired a new stake in Emerson Electric in the 4th quarter worth about $27,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Emerson Electric in the 1st quarter valued at about $27,000. Inlight Wealth Management LLC bought a new position in Emerson Electric in the 1st quarter valued at about $28,000. Finally, Fourth Dimension Wealth LLC increased its holdings in Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after buying an additional 154 shares during the period. Institutional investors own 74.30% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on EMR. JPMorgan Chase & Co. boosted their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. KeyCorp boosted their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Robert W. Baird reduced their target price 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. Stephens increased their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Finally, Barclays increased their price target on shares of Emerson Electric from $118.00 to $125.00 and gave the company an "underweight" rating in a research report on Wednesday, July 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average price target of $142.28.

Emerson Electric Stock Down 1.5%

NYSE EMR traded down $2.19 during trading on Tuesday, hitting $140.43. The company's stock had a trading volume of 5,764,959 shares, compared to its average volume of 2,900,035. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. The company has a market cap of $78.99 billion, a PE ratio of 33.60, a P/E/G ratio of 2.77 and a beta of 1.32. The business's 50 day simple moving average is $134.13 and its 200-day simple moving average is $121.41. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27.

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 for the quarter, beating the consensus estimate of $1.41 by $0.07. The company had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. Emerson Electric's quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the business earned $1.36 earnings per share. On average, equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were given a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.5%. Emerson Electric's payout ratio is currently 50.48%.

Insider Buying and Selling

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction on 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 owned 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Emerson Electric Company 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.