Principle Wealth Partners LLC Has $4.03 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Principle Wealth Partners LLC increased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 5.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,792 shares of the industrial products company's stock after buying an additional 1,751 shares during the quarter. Principle Wealth Partners LLC's holdings in Emerson Electric were worth $4,034,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Orion Capital Management LLC acquired a new stake in shares of Emerson Electric during the fourth quarter valued at about $25,000. Vega Investment Solutions bought a new position in shares of Emerson Electric during the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Emerson Electric during the fourth quarter worth about $28,000. Ameriflex Group Inc. bought a new position in shares of Emerson Electric during the fourth quarter worth about $30,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Emerson Electric during the first quarter worth about $28,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the transaction, the chief executive officer directly owned 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.50% of the company's stock.

Emerson Electric Price Performance

Shares of NYSE EMR traded up $2.86 during mid-day trading on Friday, reaching $149.68. 2,594,108 shares of the company traded hands, compared to its average volume of 2,612,257. The firm has a market cap of $84.20 billion, a PE ratio of 35.81, a price-to-earnings-growth ratio of 2.85 and a beta of 1.29. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $149.84. The stock has a fifty day simple moving average of $130.82 and a 200-day simple moving average of $120.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59.

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, beating the consensus estimate of $1.41 by $0.07. The company 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 13.22% and a net margin of 13.60%. The firm's revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 earnings per share. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's payout ratio is 50.48%.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of recent research reports. Robert W. Baird cut their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Barclays raised their target price on shares of Emerson Electric from $118.00 to $125.00 and gave the stock an "underweight" rating in a report on Wednesday, July 9th. KeyCorp raised their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $142.28.

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.