Oppenheimer Asset Management Inc. Purchases 2,642 Shares of Emerson Electric Co. (NYSE:EMR)

Oppenheimer Asset Management Inc. boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 1.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 166,881 shares of the industrial products company's stock after purchasing an additional 2,642 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Emerson Electric were worth $18,297,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Stokes Family Office LLC increased its holdings in Emerson Electric by 94.8% during the 4th quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock valued at $1,141,000 after purchasing an additional 4,480 shares during the period. Clark Capital Management Group Inc. grew its holdings in shares of Emerson Electric by 7.7% during the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock worth $749,000 after acquiring an additional 434 shares during the period. World Investment Advisors raised its position in shares of Emerson Electric by 41.2% in the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock worth $2,581,000 after acquiring an additional 6,079 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Emerson Electric by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock worth $1,443,725,000 after acquiring an additional 232,540 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $297,947,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Buying and Selling

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value 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 approximately $18,694,576.81. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Royal Bank Of Canada increased their price objective on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. KeyCorp raised their price objective on Emerson Electric from $125.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, June 13th. Wells Fargo & Company raised their price objective on Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. raised their price objective on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Robert W. Baird lowered their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Emerson Electric has an average rating of "Moderate Buy" and an average target price of $136.47.

Emerson Electric Stock Up 1.0%

Shares of EMR traded up $1.36 during trading hours on Tuesday, hitting $130.77. The company had a trading volume of 2,723,051 shares, compared to its average volume of 2,976,936. The firm has a fifty day moving average price of $116.32 and a 200-day moving average price of $118.12. 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 stock has a market capitalization of $73.56 billion, a price-to-earnings ratio of 31.28, a P/E/G ratio of 2.56 and a beta of 1.28. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85.

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 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 during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the previous year, the firm earned $1.36 EPS. Emerson Electric's quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.61%. Emerson Electric's payout ratio is 50.48%.

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.