MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 79,748 Shares of Emerson Electric Co. (NYSE:EMR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,519,317 shares of the industrial products company's stock after purchasing an additional 79,748 shares during the period. Emerson Electric accounts for approximately 0.7% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s investment portfolio, making the stock its 23rd biggest position. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.44% of Emerson Electric worth $312,225,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stokes Family Office LLC boosted its position in shares of Emerson Electric by 94.8% in the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock valued at $1,141,000 after acquiring an additional 4,480 shares during the period. GHP Investment Advisors Inc. boosted its position in shares of Emerson Electric by 8.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock valued at $10,187,000 after acquiring an additional 6,321 shares during the period. Clark Capital Management Group Inc. boosted its position in shares of Emerson Electric by 7.7% in the fourth quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock valued at $749,000 after acquiring an additional 434 shares during the period. World Investment Advisors boosted its position in shares of Emerson Electric by 41.2% in the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock valued at $2,581,000 after acquiring an additional 6,079 shares during the period. Finally, Howland Capital Management LLC boosted its position in shares of Emerson Electric by 13.0% in the fourth quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock valued at $3,283,000 after acquiring an additional 3,054 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction dated 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 approximately $18,694,576.81. This trade represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.50% of the company's stock.

Emerson Electric Price Performance

Shares of EMR opened at $112.55 on Monday. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85. The business's fifty day moving average is $106.79 and its 200 day moving average is $118.59. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The stock has a market cap of $63.31 billion, a P/E ratio of 26.86, a P/E/G ratio of 2.49 and a beta of 1.26.

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 (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period last year, the firm posted $1.36 EPS. The business's revenue was up 1.3% compared to the same quarter last year. Sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Friday, May 16th. Emerson Electric's dividend payout ratio is presently 50.48%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Emerson Electric from $110.00 to $121.00 and gave the company an "overweight" rating in a research report on Thursday. Morgan Stanley upped their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research report on Thursday, February 6th. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price objective for the company. Robert W. Baird cut their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday. Finally, 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 research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $130.88.

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.

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