Milestone Asset Management LLC Invests $566,000 in Emerson Electric Co. (NYSE:EMR)

Milestone Asset Management LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 5,165 shares of the industrial products company's stock, valued at approximately $566,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in 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 worth $6,634,837,000 after purchasing an additional 384,313 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Emerson Electric by 2.0% during the 4th 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 bought a new stake in shares of Emerson Electric during the 4th quarter valued at approximately $885,886,000. Northern Trust Corp grew its holdings in shares of Emerson Electric by 5.9% during the 4th 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 last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of Emerson Electric by 4.1% during the 4th quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock valued at $542,379,000 after purchasing an additional 171,946 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the 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 sale, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

EMR has been the subject of several analyst reports. KeyCorp dropped their price target on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company upped their price target on Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Robert W. Baird reduced their price target on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, Morgan Stanley upped their price target on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $134.65.

Emerson Electric Stock Performance

EMR stock traded up $1.43 during midday trading on Thursday, hitting $123.04. The company's stock had a trading volume of 1,492,942 shares, compared to its average volume of 2,919,182. The stock's 50-day moving average price is $109.17 and its 200 day moving average price is $118.66. The company has a quick ratio of 1.17, a current ratio of 1.54 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 stock has a market cap of $69.21 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping 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 business had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.42 billion. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The business's revenue was up 1.3% on a year-over-year basis. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be issued a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.71%. Emerson Electric's dividend payout ratio (DPR) is 50.48%.

About Emerson Electric

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.