8,367 Shares in Emerson Electric Co. (NYSE:EMR) Purchased by LifePlan Financial LLC

LifePlan Financial LLC acquired a new position in Emerson Electric Co. (NYSE:EMR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 8,367 shares of the industrial products company's stock, valued at approximately $814,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tobam lifted its holdings in Emerson Electric by 2,275.0% in the 4th quarter. Tobam now owns 285 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 273 shares in the last quarter. Resurgent Financial Advisors LLC purchased a new position in Emerson Electric in the 4th quarter valued at about $32,000. Certified Advisory Corp purchased a new position in Emerson Electric in the 1st quarter valued at about $34,000. Tennessee Valley Asset Management Partners purchased a new position in Emerson Electric in the 4th quarter valued at about $35,000. Finally, Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric during the 4th quarter worth about $39,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the transaction, the director now owns 9,591 shares of the company's stock, valued at approximately $989,599.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on EMR shares. Citigroup increased their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a "buy" rating in a report on Monday, April 8th. KeyCorp increased their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, February 8th. Bank of America increased their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, March 4th. Barclays increased their price objective on shares of Emerson Electric from $95.00 to $105.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 2nd. Finally, Berenberg Bank increased their target price on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $115.47.

Emerson Electric Stock Performance

Shares of Emerson Electric stock traded down $0.89 during trading hours on Monday, reaching $111.76. The company's stock had a trading volume of 1,674,448 shares, compared to its average volume of 2,681,274. The company's 50 day simple moving average is $108.90 and its 200 day simple moving average is $98.32. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. Emerson Electric Co. has a one year low of $76.94 and a one year high of $115.26. The stock has a market cap of $63.79 billion, a P/E ratio of 5.88, a price-to-earnings-growth ratio of 1.95 and a beta of 1.37.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the firm posted $0.78 EPS. The company's revenue for the quarter was up 22.1% on a year-over-year basis. As a group, analysts expect that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were paid a dividend of $0.525 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.10 annualized dividend and a yield of 1.88%. Emerson Electric's payout ratio is 10.94%.

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.

Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.