2,124 Shares in Emerson Electric Co. (NYSE:EMR) Purchased by Maridea Wealth Management LLC

Key Points

• Maridea Wealth Management LLC has invested approximately $233,000 in Emerson Electric Co. by acquiring 2,124 shares of the company's stock in the first quarter.
• Several institutional investors have significantly increased their stakes in Emerson Electric, with Lazard Asset Management raising its position by an astonishing 230,061.8% in the fourth quarter.
• Emerson Electric has received multiple price target upgrades from analysts, with Wells Fargo raising their target from $135.00 to $150.00 and Citigroup increasing theirs from $146.00 to $165.00.

Maridea Wealth Management LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,124 shares of the industrial products company's stock, valued at approximately $233,000.

Other institutional investors also recently bought and sold shares of the company. Hohimer Wealth Management LLC boosted its position in shares of Emerson Electric by 0.3% in the first quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company's stock valued at $3,066,000 after acquiring an additional 95 shares during the period. Unison Advisors LLC boosted its position in shares of Emerson Electric by 0.5% in the fourth quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock valued at $2,629,000 after acquiring an additional 98 shares during the period. One Wealth Advisors LLC boosted its position in shares of Emerson Electric by 5.7% in the first quarter. One Wealth Advisors LLC now owns 1,846 shares of the industrial products company's stock valued at $202,000 after acquiring an additional 99 shares during the period. Texas Yale Capital Corp. raised its stake in shares of 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 valued at $1,833,000 after purchasing an additional 100 shares in the last quarter. Finally, Ecofi Investissements SA raised its stake in shares of Emerson Electric by 0.3% in the fourth quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company's stock valued at $4,111,000 after purchasing an additional 100 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 1.2%

NYSE:EMR traded down $1.86 during mid-day trading on Tuesday, hitting $147.62. The company had a trading volume of 3,428,132 shares, compared to its average volume of 2,540,155. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The business's fifty day moving average is $132.01 and its two-hundred day moving average is $120.79. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. The firm has a market cap of $83.04 billion, a P/E ratio of 35.32, a P/E/G ratio of 2.90 and a beta of 1.29.

Emerson Electric (NYSE:EMR - Get Free Report) last released its 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. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the prior year, the firm posted $1.36 earnings per share. The company's quarterly revenue was up 1.3% on a year-over-year basis. As a group, research analysts expect 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. Shareholders of record on Friday, May 16th were issued a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.43%. Emerson Electric's dividend payout ratio (DPR) is currently 50.48%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on EMR shares. Citigroup upped their target price on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Bank of America increased their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Barclays upped their price target on Emerson Electric from $118.00 to $125.00 and gave the company an "underweight" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. increased their price objective on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, KeyCorp increased their price objective on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Emerson Electric has an average rating of "Moderate Buy" and an average target price of $142.28.

Insider Activity

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction dated 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 directly owned 164,957 shares of the company's stock, valued at $18,694,576.81. This represents 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 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.