Pure Financial Advisors LLC Makes New Investment in Emerson Electric Co. (NYSE:EMR)

Pure Financial Advisors LLC bought a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,185 shares of the industrial products company's stock, valued at approximately $240,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Alpine Bank Wealth Management purchased a new position in shares of Emerson Electric during the 1st quarter valued at approximately $412,000. Golden State Wealth Management LLC lifted its position in shares of Emerson Electric by 39.5% during the 1st quarter. Golden State Wealth Management LLC now owns 1,048 shares of the industrial products company's stock valued at $115,000 after buying an additional 297 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Emerson Electric by 21.0% during the 1st quarter. Bessemer Group Inc. now owns 29,030 shares of the industrial products company's stock valued at $3,183,000 after buying an additional 5,047 shares in the last quarter. Spire Wealth Management lifted its position in shares of Emerson Electric by 1.7% during the 1st quarter. Spire Wealth Management now owns 6,947 shares of the industrial products company's stock valued at $762,000 after buying an additional 114 shares in the last quarter. Finally, Mattern Capital Management LLC lifted its position in shares of Emerson Electric by 0.9% during the 1st quarter. Mattern Capital Management LLC now owns 79,288 shares of the industrial products company's stock valued at $8,693,000 after buying an additional 730 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EMR. KeyCorp increased their target price on Emerson Electric from $125.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, June 13th. Royal Bank Of Canada increased their price objective on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Barclays increased their price objective on Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a research note on Monday, June 9th. Robert W. Baird reduced their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Finally, Wells Fargo & Company increased their price objective on Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $136.47.

Emerson Electric Stock Up 0.3%

NYSE EMR opened at $133.16 on Friday. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. The business's fifty day simple moving average is $118.27 and its 200-day simple moving average is $118.24. The firm has a market cap of $74.90 billion, a PE ratio of 31.86, a P/E/G ratio of 2.62 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The company's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 EPS. As a group, equities analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current 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 given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's payout ratio is 50.48%.

Insider Buying and Selling

In other Emerson Electric 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 transaction, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.50% of the company's stock.

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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