Emerson Electric Co. (NYSE:EMR) Shares Bought by Rafferty Asset Management LLC

Rafferty Asset Management LLC boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,268 shares of the industrial products company's stock after acquiring an additional 5,248 shares during the quarter. Rafferty Asset Management LLC's holdings in Emerson Electric were worth $6,602,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raiffeisen Bank International AG purchased a new stake in Emerson Electric in the 4th quarter valued at about $584,000. ProShare Advisors LLC increased its position in shares of Emerson Electric by 10.7% during the fourth quarter. ProShare Advisors LLC now owns 1,814,921 shares of the industrial products company's stock valued at $224,923,000 after acquiring an additional 175,312 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of Emerson Electric by 72.8% in the 4th quarter. Quantinno Capital Management LP now owns 96,445 shares of the industrial products company's stock valued at $11,953,000 after acquiring an additional 40,637 shares during the period. Pathstone Holdings LLC lifted its holdings in shares of Emerson Electric by 1.6% in the 4th quarter. Pathstone Holdings LLC now owns 82,648 shares of the industrial products company's stock worth $10,242,000 after acquiring an additional 1,302 shares during the last quarter. Finally, Mufg Securities Americas Inc. purchased a new position in shares of Emerson Electric during the 4th quarter worth approximately $1,043,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of research reports. Morgan Stanley upped their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research note on Thursday, February 6th. 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. JPMorgan Chase & Co. lifted their target price on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday. Daiwa America raised shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. Finally, Barclays lifted their price objective on shares of Emerson Electric from $99.00 to $104.00 and gave the company an "underweight" rating in a report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $132.24.

Insiders Place Their Bets

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer now owns 164,957 shares of the company's stock, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by insiders.

Emerson Electric Trading Down 1.4%

Shares of Emerson Electric stock traded down $1.63 during trading hours on Tuesday, reaching $117.95. 2,770,618 shares of the company's stock were exchanged, compared to its average volume of 2,911,334. The company has a fifty day moving average of $107.75 and a 200-day moving average of $119.08. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85. The firm has a market capitalization of $66.35 billion, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the firm posted $1.36 EPS. The company's revenue was up 1.3% on a year-over-year basis. Sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

Emerson Electric Company 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.