PFG Investments LLC Raises Stake in Emerson Electric Co. (NYSE:EMR)

PFG Investments LLC increased its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 189.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,404 shares of the industrial products company's stock after buying an additional 10,088 shares during the period. PFG Investments LLC's holdings in Emerson Electric were worth $1,747,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tobam lifted its holdings in Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company's stock worth $28,000 after buying an additional 273 shares during the period. Accordant Advisory Group Inc purchased a new stake in shares of Emerson Electric during the 1st quarter worth $29,000. Security National Bank bought a new stake in Emerson Electric during the fourth quarter valued at about $29,000. Cape Investment Advisory Inc. boosted its holdings in Emerson Electric by 148.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company's stock worth $31,000 after acquiring an additional 188 shares in the last quarter. Finally, Burkett Financial Services LLC acquired a new position in shares of Emerson Electric during the fourth quarter valued at about $32,000. Institutional investors own 74.30% of the company's stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded up $0.29 during trading hours on Friday, reaching $109.89. The stock had a trading volume of 1,364,495 shares, compared to its average volume of 1,854,608. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $115.26. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $62.73 billion, a PE ratio of 5.72, a PEG ratio of 1.90 and a beta of 1.37. The stock's 50 day moving average is $110.38 and its 200 day moving average is $99.30.

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

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric's dividend payout ratio is presently 10.94%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Mizuho boosted their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a "buy" rating in a research report on Thursday, February 8th. Barclays raised their target price on Emerson Electric from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 2nd. Bank of America boosted their price target on Emerson Electric from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Monday, March 4th. KeyCorp raised their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an "overweight" rating in a research note on Thursday, February 8th. Finally, Royal Bank of Canada upped their target price on Emerson Electric from $106.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $116.25.

Insider Buying and Selling at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of the company's stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the transaction, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.25% of the company's stock.

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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