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

World Investment Advisors grew its position 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 filing with the SEC. The firm owned 23,921 shares of the industrial products company's stock after purchasing an additional 3,098 shares during the quarter. World Investment Advisors' holdings in Emerson Electric were worth $2,623,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Unison Advisors LLC raised its position in Emerson Electric by 0.5% during the fourth quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock valued at $2,629,000 after purchasing an additional 98 shares in the last quarter. Texas Yale Capital Corp. raised its position in Emerson Electric by 0.7% during the fourth quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company's stock valued at $1,833,000 after purchasing an additional 100 shares in the last quarter. Ecofi Investissements SA raised its position in Emerson Electric by 0.3% during the fourth quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company's stock valued at $4,111,000 after purchasing an additional 100 shares in the last quarter. Rosenberg Matthew Hamilton raised its position in Emerson Electric by 5.3% during the first quarter. Rosenberg Matthew Hamilton now owns 2,017 shares of the industrial products company's stock valued at $221,000 after purchasing an additional 101 shares in the last quarter. Finally, Donaldson Capital Management LLC raised its position in Emerson Electric by 2.1% during the fourth quarter. Donaldson Capital Management LLC now owns 5,288 shares of the industrial products company's stock valued at $655,000 after purchasing an additional 107 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Emerson Electric 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 sale, the chief executive officer owned 164,957 shares in the company, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

EMR has been the subject of several research analyst reports. Bank of America upped their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. upped their price target 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. Citigroup upped their price target on shares of Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, KeyCorp boosted their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $139.21.

Emerson Electric Trading Down 1.0%

EMR traded down $1.36 during trading on Monday, reaching $138.40. 5,800,836 shares of the stock traded hands, compared to its average volume of 2,996,394. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $77.85 billion, a PE ratio of 33.11, a P/E/G ratio of 2.71 and a beta of 1.29. The stock's 50-day moving average is $121.74 and its 200 day moving average is $118.40. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $141.10.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. The company had revenue of $4.43 billion for 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 firm's revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.36 EPS. Equities analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

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

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.