Kingswood Wealth Advisors LLC Raises Stake in Emerson Electric Co. (NYSE:EMR)

Kingswood Wealth Advisors LLC increased its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 47.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,220 shares of the industrial products company's stock after acquiring an additional 2,309 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Emerson Electric were worth $793,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EMR. Unison Advisors LLC raised its holdings in Emerson Electric by 0.5% in the fourth quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock worth $2,629,000 after purchasing an additional 98 shares in the last quarter. Redmond Asset Management LLC raised its holdings in Emerson Electric by 4.6% in the fourth quarter. Redmond Asset Management LLC now owns 2,260 shares of the industrial products company's stock worth $280,000 after purchasing an additional 100 shares in the last quarter. Texas Yale Capital Corp. raised its holdings in Emerson Electric by 0.7% in the fourth quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company's stock worth $1,833,000 after purchasing an additional 100 shares in the last quarter. Ecofi Investissements SA increased its holdings in shares of Emerson Electric by 0.3% during the fourth quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company's stock valued at $4,111,000 after acquiring an additional 100 shares in the last quarter. Finally, Apriem Advisors raised its position in shares of Emerson Electric by 2.1% in the 4th quarter. Apriem Advisors now owns 5,051 shares of the industrial products company's stock worth $626,000 after purchasing an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Performance

NYSE EMR traded down $0.36 during trading hours on Friday, hitting $128.30. 5,780,018 shares of the company's stock traded hands, compared to its average volume of 2,978,529. The business's fifty day moving average price is $115.14 and its two-hundred day moving average price is $118.14. 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 firm has a market capitalization 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. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its 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 during 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 quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.36 earnings per share. Equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio is currently 50.48%.

Insider Buying and Selling at Emerson Electric

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

Wall Street Analyst Weigh In

EMR has been the topic of several recent analyst reports. Royal Bank Of Canada raised 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. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Barclays raised 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, June 9th. Robert W. Baird reduced their price objective 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. Finally, JPMorgan Chase & Co. raised 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. Two 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 company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $136.47.

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.