Emerson Electric Co. (NYSE:EMR) Holdings Lifted by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 32.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,992 shares of the industrial products company's stock after buying an additional 18,725 shares during the period. Strategic Wealth Partners Ltd.'s holdings in Emerson Electric were worth $9,522,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GDS Wealth Management increased its holdings in shares of Emerson Electric by 2.0% in the fourth quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock valued at $491,000 after purchasing an additional 79 shares during the period. Mcdonald Partners LLC boosted its position in shares of Emerson Electric by 0.6% during the 4th 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 in the last quarter. Berkshire Bank grew its stake in shares of Emerson Electric by 3.6% during the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock worth $321,000 after purchasing an additional 89 shares during the period. Little House Capital LLC increased its holdings in shares of Emerson Electric by 0.5% in 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 purchasing an additional 89 shares in the last quarter. Finally, Grove Bank & Trust boosted its holdings in Emerson Electric by 5.4% during the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock worth $217,000 after buying an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insiders Place Their Bets

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the 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 completion of the transaction, the chief executive officer now owns 164,957 shares in the company, valued at $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.50% of the stock is owned by corporate insiders.

Emerson Electric Stock Down 1.4%

Shares of EMR traded down $1.63 during trading on Tuesday, reaching $117.95. The company's stock had a trading volume of 2,770,618 shares, compared to its average volume of 2,911,335. The company has a market cap of $66.35 billion, a price-to-earnings ratio of 28.15, a P/E/G ratio of 2.49 and a beta of 1.26. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average of $107.75 and a two-hundred day moving average of $119.08. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85.

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, beating the consensus estimate of $1.41 by $0.07. The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Emerson Electric's quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.36 earnings per share. On average, sell-side 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 will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be paid a dividend of $0.5275 per share. The ex-dividend date is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.79%. Emerson Electric's payout ratio is currently 50.48%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. KeyCorp lowered their price target on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Citigroup upped their target price on Emerson Electric from $119.00 to $127.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Morgan Stanley lifted 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. Daiwa America upgraded shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada raised their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $132.24.

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.