World Investment Advisors Purchases 3,098 Shares of Emerson Electric Co. (NYSE:EMR)

World Investment Advisors grew its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 14.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,921 shares of the industrial products company's stock after buying an additional 3,098 shares during the period. World Investment Advisors' holdings in Emerson Electric were worth $2,623,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EMR. Norges Bank bought a new stake in shares of Emerson Electric during the fourth quarter valued at about $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Emerson Electric by 3,866.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock valued at $374,581,000 after buying an additional 2,946,310 shares during the period. Boston Partners increased its position in shares of Emerson Electric by 136.3% during the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock valued at $411,944,000 after buying an additional 1,913,120 shares during the period. GAMMA Investing LLC increased its position in shares of Emerson Electric by 12,707.7% in the first quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock worth $123,503,000 after purchasing an additional 1,117,646 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in shares of Emerson Electric by 230,061.8% in the fourth quarter. Lazard Asset Management LLC now owns 819,376 shares of the industrial products company's stock worth $101,545,000 after purchasing an additional 819,020 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Up 0.6%

Shares of NYSE:EMR traded up $0.84 during trading on Thursday, reaching $140.64. 2,237,556 shares of the company traded hands, compared to its average volume of 3,003,232. The business's fifty day moving average is $123.79 and its 200-day moving average is $118.78. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $142.31. The firm has a market capitalization of $79.11 billion, a price-to-earnings ratio of 33.65, a P/E/G ratio of 2.69 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42.

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

Emerson Electric Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Friday, May 16th. Emerson Electric's payout ratio is 50.48%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday. Barclays upped their price objective on shares of Emerson Electric from $118.00 to $125.00 and gave the stock an "underweight" rating in a research report on Wednesday. Bank of America upped their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Citigroup upped their target price on Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $139.83.

Insider Buying and Selling

In related 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 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 $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is owned by insiders.

Emerson Electric 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.