Sendero Wealth Management LLC Invests $265,000 in Emerson Electric Co. (NYSE:EMR)

Sendero Wealth Management LLC bought a new position in Emerson Electric Co. (NYSE:EMR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,415 shares of the industrial products company's stock, valued at approximately $265,000.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Emerson Electric by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock worth $6,634,837,000 after purchasing an additional 384,313 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Emerson Electric by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock valued at $1,443,725,000 after buying an additional 232,540 shares during the last quarter. Norges Bank acquired a new position in Emerson Electric during the 4th quarter worth about $885,886,000. Northern Trust Corp grew its holdings in Emerson Electric by 5.9% during the 4th quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock worth $827,377,000 after acquiring an additional 370,560 shares during the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of Emerson Electric by 4.1% in the fourth quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock worth $542,379,000 after acquiring an additional 171,946 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.50% of the company's stock.

Emerson Electric Stock Up 1.0%

NYSE EMR traded up $1.18 on Friday, reaching $123.68. The company had a trading volume of 2,668,599 shares, compared to its average volume of 2,926,818. The company's fifty day moving average is $109.43 and its 200-day moving average is $118.61. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85. The firm has a market capitalization of $69.57 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.

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

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is currently 50.48%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EMR. JPMorgan Chase & Co. upped their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Barclays upped their price objective on Emerson Electric from $104.00 to $112.00 and gave the stock an "underweight" rating in a report on Friday, May 30th. Robert W. Baird lowered their target price 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. Royal Bank of Canada upped their price target on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Finally, KeyCorp reduced their price objective on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.65.

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.