LM Advisors LLC Makes New $1.19 Million Investment in Emerson Electric Co. (NYSE:EMR)

LM Advisors LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,617 shares of the industrial products company's stock, valued at approximately $1,192,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Stephens Consulting LLC bought a new position in Emerson Electric in the fourth quarter worth approximately $25,000. Orion Capital Management LLC bought a new position in shares of Emerson Electric during the 4th quarter worth $25,000. Vega Investment Solutions purchased a new position in shares of Emerson Electric during the fourth quarter valued at $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Emerson Electric in the fourth quarter valued at about $28,000. Finally, YANKCOM Partnership purchased a new stake in Emerson Electric in the fourth quarter worth about $30,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Performance

Shares of EMR stock traded down $0.65 during mid-day trading on Friday, reaching $119.27. The stock had a trading volume of 4,057,167 shares, compared to its average volume of 2,936,648. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85. The firm has a market cap of $67.09 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 2.49 and a beta of 1.26. The business's fifty day moving average is $108.64 and its 200-day moving average is $118.83.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 13.74% and a return on equity of 12.08%. Emerson Electric's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the firm posted $1.36 EPS. On average, research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric's dividend payout ratio is currently 50.48%.

Insider Buying and Selling at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's 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 sale, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EMR. KeyCorp reduced their price target on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Morgan Stanley upped their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a report on Thursday, February 6th. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Wells Fargo & Company boosted their price target on Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Finally, Barclays lifted their target price on Emerson Electric from $104.00 to $112.00 and gave the company an "underweight" rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $133.53.

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.