Menard Financial Group LLC Purchases New Position in Emerson Electric Co. (NYSE:EMR)

Menard Financial Group LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 4,132 shares of the industrial products company's stock, valued at approximately $512,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Emerson Electric by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock valued at $6,634,837,000 after buying an additional 384,313 shares in the last quarter. Geode Capital Management LLC raised 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 last quarter. Norges Bank acquired a new position in Emerson Electric during the fourth quarter worth $885,886,000. Northern Trust Corp increased its holdings in Emerson Electric by 5.9% during the fourth quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock worth $827,377,000 after buying an additional 370,560 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position 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 purchasing an additional 171,946 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company'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 sale, the chief executive officer now directly owns 164,957 shares of the company's stock, valued at $18,694,576.81. This represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by company insiders.

Emerson Electric Stock Up 0.1%

NYSE:EMR traded up $0.12 during mid-day trading on Thursday, hitting $119.86. 1,988,453 shares of the company's stock traded hands, compared to its average volume of 2,928,621. The company has a fifty day moving average of $108.47 and a 200 day moving average of $118.96. 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 company has a market capitalization of $67.42 billion, a P/E ratio of 28.61, a P/E/G ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period last year, the company earned $1.36 earnings per share. Emerson Electric's quarterly revenue was up 1.3% compared to the same quarter last year. On average, analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be paid a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.76%. Emerson Electric's payout ratio is 50.48%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EMR. 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 report on Thursday, May 8th. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Wells Fargo & Company boosted their price objective on Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. JPMorgan Chase & Co. upped their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, Barclays upped their target price on Emerson Electric from $99.00 to $104.00 and gave the stock an "underweight" rating in a research note on Thursday, May 8th. Two research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $133.06.

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.