QRG Capital Management Inc. Purchases 7,929 Shares of Emerson Electric Co. (NYSE:EMR)

QRG Capital Management Inc. raised its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 5.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 167,336 shares of the industrial products company's stock after acquiring an additional 7,929 shares during the period. QRG Capital Management Inc.'s holdings in Emerson Electric were worth $18,347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EMR. Mcdonald Partners LLC boosted its position in Emerson Electric by 0.6% in the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock worth $1,761,000 after purchasing an additional 81 shares during the last quarter. Little House Capital LLC lifted its position in shares of Emerson Electric by 0.5% during the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock valued at $2,108,000 after buying an additional 89 shares during the last quarter. Pittenger & Anderson Inc. lifted its position in shares of Emerson Electric by 0.3% during the 4th quarter. Pittenger & Anderson Inc. now owns 36,035 shares of the industrial products company's stock valued at $4,466,000 after buying an additional 95 shares during the last quarter. Unison Advisors LLC lifted its position in shares of Emerson Electric by 0.5% during the 4th quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock valued at $2,629,000 after buying an additional 98 shares during the last quarter. Finally, Redmond Asset Management LLC lifted its position in shares of Emerson Electric by 4.6% during the 4th quarter. Redmond Asset Management LLC now owns 2,260 shares of the industrial products company's stock valued at $280,000 after buying an additional 100 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on EMR shares. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. increased their price objective on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. 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. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Finally, Robert W. Baird decreased their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Two equities 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 assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $136.47.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction 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 completion of the transaction, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by company insiders.

Emerson Electric Trading Down 0.9%

NYSE EMR traded down $1.13 on Tuesday, hitting $127.55. The company's stock had a trading volume of 2,787,974 shares, compared to its average volume of 2,962,149. The firm has a market cap of $71.75 billion, a P/E ratio of 30.51, a PEG ratio of 2.54 and a beta of 1.28. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42. The company's 50-day simple moving average is $113.06 and its 200 day simple moving average is $118.19. 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 released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The company had revenue of $4.43 billion during 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 for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.36 EPS. Research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Friday, May 16th. 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.