World Investment Advisors Has $2.62 Million Position in Emerson Electric Co. (NYSE:EMR)

World Investment Advisors raised its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 14.9% in 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 acquiring 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 SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Olde Wealth Management LLC purchased a new position in Emerson Electric during the first quarter valued at approximately $171,000. Truist Financial Corp grew its stake in shares of Emerson Electric by 1.7% in the 1st quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company's stock worth $118,259,000 after buying an additional 18,069 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its position in Emerson Electric by 3.9% during the 1st quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 12,060 shares of the industrial products company's stock valued at $1,322,000 after buying an additional 450 shares in the last quarter. IFM Investors Pty Ltd raised its stake in shares of Emerson Electric by 8.0% in the first quarter. IFM Investors Pty Ltd now owns 122,658 shares of the industrial products company's stock worth $13,415,000 after purchasing an additional 9,108 shares during the last quarter. Finally, Avantax Planning Partners Inc. increased its position in Emerson Electric by 1.0% during the first quarter. Avantax Planning Partners Inc. now owns 10,548 shares of the industrial products company's stock valued at $1,156,000 after acquiring an additional 109 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Trading Up 0.3%

Shares of NYSE:EMR traded up $0.40 during midday trading on Tuesday, reaching $138.80. 3,312,511 shares of the company's stock were exchanged, compared to its average volume of 2,997,656. The firm's 50 day simple moving average is $122.42 and its two-hundred day simple moving average is $118.50. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. The stock has a market cap of $78.08 billion, a price-to-earnings ratio of 33.21, a P/E/G ratio of 2.71 and a beta of 1.29. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $139.90.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.07. The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.36 EPS. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Barclays raised their price objective on Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a research note on Monday, June 9th. KeyCorp boosted their price objective on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Robert W. Baird reduced their price target on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Citigroup boosted their price objective on Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Royal Bank Of Canada upped their price target on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.21.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 164,957 shares of the company's stock, valued at $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.50% of the company's stock.

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.