Pallas Capital Advisors LLC Has $8.90 Million Stake in Emerson Electric Co. (NYSE:EMR)

Pallas Capital Advisors LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 5.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,165 shares of the industrial products company's stock after purchasing an additional 4,003 shares during the quarter. Pallas Capital Advisors LLC's holdings in Emerson Electric were worth $8,899,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC lifted its position in shares of Emerson Electric by 59.4% in the first quarter. Farther Finance Advisors LLC now owns 16,373 shares of the industrial products company's stock worth $1,801,000 after buying an additional 6,099 shares during the last quarter. Moss Adams Wealth Advisors LLC raised its stake in shares of Emerson Electric by 25.3% in the 1st quarter. Moss Adams Wealth Advisors LLC now owns 2,031 shares of the industrial products company's stock valued at $223,000 after acquiring an additional 410 shares in the last quarter. Greystone Financial Group LLC lifted its holdings in Emerson Electric by 19.3% in the 1st quarter. Greystone Financial Group LLC now owns 86,738 shares of the industrial products company's stock worth $9,510,000 after purchasing an additional 14,024 shares during the last quarter. Courier Capital LLC boosted its position in Emerson Electric by 0.9% during the first quarter. Courier Capital LLC now owns 16,596 shares of the industrial products company's stock worth $1,820,000 after purchasing an additional 152 shares during the period. Finally, Wesbanco Bank Inc. grew its holdings in Emerson Electric by 2.6% during the first quarter. Wesbanco Bank Inc. now owns 29,691 shares of the industrial products company's stock valued at $3,255,000 after purchasing an additional 757 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded up $0.24 during trading on Thursday, hitting $126.73. 3,605,640 shares of the company's stock traded hands, compared to its average volume of 2,945,608. The company has a market cap of $71.29 billion, a PE ratio of 30.25, a PEG ratio of 2.49 and a beta of 1.28. The firm's fifty day moving average price is $111.13 and its 200 day moving average price is $118.51. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $4.42 billion. During the same period in the previous year, the business earned $1.36 earnings per share. The company's quarterly revenue was up 1.3% on a year-over-year basis. 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 disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were issued a dividend of $0.5275 per share. The ex-dividend date was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.66%. Emerson Electric's payout ratio is presently 50.48%.

Insider Transactions at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the 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 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 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 insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on EMR shares. Barclays upped their price objective on shares of Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a report on Monday. JPMorgan Chase & Co. raised their price target on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Wells Fargo & Company lifted their price objective on Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Citigroup raised their target price on Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $135.00.

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.