Visionary Wealth Advisors Increases Stake in Emerson Electric Co. (NYSE:EMR)

Visionary Wealth Advisors boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 16.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,957 shares of the industrial products company's stock after purchasing an additional 6,522 shares during the period. Visionary Wealth Advisors' holdings in Emerson Electric were worth $5,695,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GDS Wealth Management increased its position in shares of Emerson Electric by 2.0% during the 4th 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 last quarter. Mcdonald Partners LLC increased 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 valued at $1,761,000 after purchasing an additional 81 shares during the last quarter. Berkshire Bank increased its position 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 valued at $321,000 after purchasing an additional 89 shares during the last quarter. Little House Capital LLC increased its holdings in 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 worth $2,108,000 after acquiring an additional 89 shares in the last quarter. Finally, Grove Bank & Trust increased its holdings in Emerson Electric by 5.4% in the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock worth $217,000 after acquiring an additional 90 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on EMR shares. 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 report on Friday, May 16th. Daiwa America raised shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. KeyCorp cut their price objective on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Citigroup increased their price objective on shares of Emerson Electric from $119.00 to $127.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Two equities 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 assigned a strong buy rating to the company. According to MarketBeat.com, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average price target of $133.06.

Emerson Electric Trading Up 1.1%

EMR traded up $1.22 during trading on Thursday, reaching $117.37. The company had a trading volume of 3,058,496 shares, compared to its average volume of 2,915,389. The stock has a market cap of $66.02 billion, a P/E ratio of 28.01, a PEG ratio of 2.49 and a beta of 1.26. The business has a 50 day simple moving average of $107.83 and a 200-day simple moving average of $119.06. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Emerson Electric's revenue was up 1.3% on a year-over-year basis. During the same period last year, the company earned $1.36 earnings per share. On average, equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS 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. Shareholders of record on Friday, May 16th will be paid a $0.5275 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.80%. Emerson Electric's payout ratio is 50.48%.

Insiders Place Their Bets

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the transaction, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.50% of the company's stock.

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.