Robeco Institutional Asset Management B.V. Acquires 45,897 Shares of Emerson Electric Co. (NYSE:EMR)

Robeco Institutional Asset Management B.V. increased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 22.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 248,375 shares of the industrial products company's stock after purchasing an additional 45,897 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Emerson Electric were worth $27,232,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sequoia Financial Advisors LLC boosted its stake in shares of Emerson Electric by 1.3% during the first quarter. Sequoia Financial Advisors LLC now owns 19,714 shares of the industrial products company's stock valued at $2,161,000 after purchasing an additional 247 shares in the last quarter. Pure Financial Advisors LLC acquired a new stake in Emerson Electric in the first quarter valued at approximately $240,000. Alpine Bank Wealth Management acquired a new stake in Emerson Electric in the first quarter valued at approximately $412,000. Golden State Wealth Management LLC boosted its stake in Emerson Electric by 39.5% in the first quarter. Golden State Wealth Management LLC now owns 1,048 shares of the industrial products company's stock valued at $115,000 after acquiring an additional 297 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in Emerson Electric by 21.0% in the first quarter. Bessemer Group Inc. now owns 29,030 shares of the industrial products company's stock valued at $3,183,000 after acquiring an additional 5,047 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Up 0.3%

EMR opened at $133.16 on Friday. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. The company has a fifty day moving average of $118.27 and a two-hundred day moving average of $118.24. The stock has a market capitalization of $74.90 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 2.62 and a beta of 1.28.

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 for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. During the same quarter in the previous year, the company earned $1.36 earnings per share. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. On average, research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.58%. Emerson Electric's dividend payout ratio (DPR) is 50.48%.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction dated 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 directly owns 164,957 shares in the company, valued at $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 available through the SEC website. 0.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on EMR shares. JPMorgan Chase & Co. raised their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Robert W. Baird lowered their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Wells Fargo & Company raised their target price 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. Citigroup lifted their price objective on shares of Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of "Moderate Buy" and an average target price of $136.47.

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.

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