SG Americas Securities LLC Buys 75,959 Shares of Emerson Electric Co. (NYSE:EMR)

SG Americas Securities LLC increased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 864.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 84,745 shares of the industrial products company's stock after purchasing an additional 75,959 shares during the quarter. SG Americas Securities LLC's holdings in Emerson Electric were worth $9,291,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in EMR. Orion Capital Management LLC purchased a new position in shares of Emerson Electric in the 4th quarter worth $25,000. Vega Investment Solutions bought a new stake in shares of Emerson Electric in the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Emerson Electric in the fourth quarter worth about $28,000. Ameriflex Group Inc. bought a new stake in Emerson Electric during the fourth quarter worth approximately $30,000. Finally, Meeder Asset Management Inc. increased its stake in Emerson Electric by 208.2% during the fourth quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company's stock worth $37,000 after acquiring an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Barclays upped their price target on Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a research report on Monday, June 9th. Robert W. Baird reduced their price target on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Citigroup increased their price target on Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. increased their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $136.47.

Insider Activity

In related 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 directly owns 164,957 shares in the company, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.50% of the company's stock.

Emerson Electric Price Performance

Shares of EMR stock traded down $1.27 during midday trading on Friday, reaching $125.45. 3,368,277 shares of the company traded hands, compared to its average volume of 2,954,965. The firm's 50 day simple moving average is $112.36 and its two-hundred day simple moving average is $118.42. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm has a market cap of $70.57 billion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28.

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 (EPS) for the quarter, beating 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 company had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. During the same period in the previous year, the company earned $1.36 EPS. The business's quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.68%. The ex-dividend date was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is 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.