Parr Mcknight Wealth Management Group LLC Invests $3.32 Million in Emerson Electric Co. (NYSE:EMR)

Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 26,819 shares of the industrial products company's stock, valued at approximately $3,324,000.

Several other hedge funds have also recently bought and sold shares of the business. Stokes Family Office LLC lifted its position in shares of Emerson Electric by 94.8% in the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock worth $1,141,000 after purchasing an additional 4,480 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in Emerson Electric by 8.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock worth $10,187,000 after buying an additional 6,321 shares in the last quarter. Clark Capital Management Group Inc. boosted its stake 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 valued at $749,000 after buying an additional 434 shares during the period. World Investment Advisors grew its holdings in shares of Emerson Electric by 41.2% during the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock valued at $2,581,000 after acquiring an additional 6,079 shares in the last quarter. Finally, Howland Capital Management LLC increased its stake in shares of Emerson Electric by 13.0% in the fourth quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock worth $3,283,000 after acquiring an additional 3,054 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Citigroup lifted their price objective on Emerson Electric from $119.00 to $127.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Barclays lifted their price target on Emerson Electric from $99.00 to $104.00 and gave the company an "underweight" rating in a report on Thursday, May 8th. Robert W. Baird decreased their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. KeyCorp decreased their price target on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada boosted their target price on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $133.06.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction on 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 sale, the chief executive officer now owns 164,957 shares of the company's stock, valued at $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by insiders.

Emerson Electric Trading Up 1.1%

Shares of EMR opened at $117.37 on Friday. The stock's 50-day moving average price is $107.91 and its 200 day moving average price is $119.11. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $66.02 billion, a price-to-earnings ratio of 28.01, a P/E/G ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The business had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Emerson Electric's quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.36 earnings per share. As a group, research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be given 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 dividend yield of 1.80%. Emerson Electric's dividend payout ratio (DPR) is currently 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.

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