TD Private Client Wealth LLC Purchases 2,448 Shares of Emerson Electric Co. (NYSE:EMR)

TD Private Client Wealth LLC raised its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 6.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,030 shares of the industrial products company's stock after acquiring an additional 2,448 shares during the period. TD Private Client Wealth LLC's holdings in Emerson Electric were worth $4,718,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in EMR. Brighton Jones LLC raised its holdings in shares of Emerson Electric by 74.1% during the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock valued at $1,412,000 after buying an additional 4,850 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Emerson Electric by 12.3% during the fourth quarter. Assetmark Inc. now owns 8,715 shares of the industrial products company's stock valued at $1,080,000 after buying an additional 956 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $291,000. OFI Invest Asset Management bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $1,420,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Emerson Electric by 6.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 261,475 shares of the industrial products company's stock valued at $32,405,000 after buying an additional 15,771 shares during the last quarter. Institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Up 0.3%

Shares of NYSE:EMR traded up $0.40 during trading on Tuesday, reaching $138.80. 3,312,511 shares of the company traded hands, compared to its average volume of 3,124,094. The firm has a fifty day simple moving average of $122.42 and a 200 day simple moving average of $118.50. The firm has a market cap of $78.08 billion, a P/E ratio of 33.21, a price-to-earnings-growth ratio of 2.71 and a beta of 1.29. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $139.90. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The company had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $1.36 EPS. Analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Friday, May 16th. Emerson Electric's payout ratio is presently 50.48%.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric 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 completion of the sale, the chief executive officer owned 164,957 shares of the company's stock, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Barclays raised their price objective on shares of Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a research note on Monday, June 9th. Robert W. Baird lowered their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. KeyCorp raised their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Finally, JPMorgan Chase & Co. raised their price objective 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. Two analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of "Moderate Buy" and an average target price of $139.21.

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.