Wealthedge Investment Advisors LLC Takes Position in Emerson Electric Co. (NYSE:EMR)

Wealthedge Investment Advisors LLC acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,202 shares of the industrial products company's stock, valued at approximately $521,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Stephens Consulting LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth approximately $25,000. Orion Capital Management LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth approximately $25,000. Vega Investment Solutions acquired a new stake in shares of Emerson Electric during the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Emerson Electric during the 4th quarter worth approximately $28,000. Finally, YANKCOM Partnership acquired a new stake in shares of Emerson Electric during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Down 0.5%

Shares of NYSE:EMR traded down $0.65 during trading on Friday, hitting $119.27. 4,057,167 shares of the company were exchanged, compared to its average volume of 2,936,646. The stock has a market capitalization of $67.09 billion, a P/E ratio of 28.47, a PEG ratio of 2.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85. The firm's 50 day moving average price is $108.56 and its 200-day moving average price is $118.89.

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

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.77%. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

Insider Transactions at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction 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 sale, the chief executive officer now owns 164,957 shares of the company's stock, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.50% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on EMR shares. Royal Bank of Canada increased their price objective 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. Barclays increased their price objective on shares of Emerson Electric from $104.00 to $112.00 and gave the company an "underweight" rating in a report on Friday. JPMorgan Chase & Co. increased their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, May 16th. 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 research note on Friday, May 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average price target of $133.53.

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.