Emerson Electric Co. (NYSE:EMR) Shares Bought by Krilogy Financial LLC

Krilogy Financial LLC boosted its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 12.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,484 shares of the industrial products company's stock after acquiring an additional 3,164 shares during the quarter. Krilogy Financial LLC's holdings in Emerson Electric were worth $3,233,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EMR. Vanguard Group Inc. raised its position in shares of Emerson Electric by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock worth $6,634,837,000 after acquiring an additional 384,313 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Emerson Electric by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock valued at $1,443,725,000 after purchasing an additional 232,540 shares during the period. Norges Bank acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $885,886,000. Northern Trust Corp increased its holdings in shares of Emerson Electric by 5.9% in the fourth quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock valued at $827,377,000 after purchasing an additional 370,560 shares during the period. Finally, Schroder Investment Management Group grew its holdings in Emerson Electric by 4.1% during the fourth quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock worth $542,379,000 after acquiring an additional 171,946 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Shares of NYSE EMR traded down $1.27 during trading on Friday, reaching $125.45. The stock had a trading volume of 3,368,277 shares, compared to its average volume of 2,959,486. Emerson Electric Co. has a one year low of $90.06 and a one year 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 stock has a market cap of $70.57 billion, a PE ratio of 29.94, a P/E/G ratio of 2.49 and a beta of 1.28. The firm's 50 day moving average price is $112.36 and its two-hundred day moving average price is $118.32.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the previous year, the business earned $1.36 EPS. The business's quarterly revenue was up 1.3% on a year-over-year basis. On average, research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.68%. Emerson Electric's dividend payout ratio is currently 50.48%.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of recent analyst reports. Citigroup upped their price objective on Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Robert W. Baird reduced their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Barclays increased their target price on Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a research report on Monday, June 9th. KeyCorp raised their price objective on Emerson Electric from $125.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday. Finally, JPMorgan Chase & Co. raised their price objective on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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.