Raymond James & Associates Purchases 309,769 Shares of Emerson Electric Co. (NYSE:EMR)

Raymond James & Associates lifted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 46.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 974,265 shares of the industrial products company's stock after purchasing an additional 309,769 shares during the quarter. Raymond James & Associates owned 0.17% of Emerson Electric worth $110,501,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Accordant Advisory Group Inc bought a new stake in shares of Emerson Electric during the 1st quarter valued at approximately $29,000. Tobam grew its holdings in shares of Emerson Electric by 2,275.0% during 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 during the last quarter. Security National Bank bought a new stake in shares of Emerson Electric during the 4th quarter valued at approximately $29,000. Tributary Capital Management LLC bought a new stake in shares of Emerson Electric during the 1st quarter valued at approximately $35,000. Finally, Cape Investment Advisory Inc. grew its holdings in shares of Emerson Electric by 148.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 188 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the business's stock in a transaction on 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 sale, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is currently owned by company insiders.

Emerson Electric Trading Down 1.2 %

Shares of NYSE:EMR traded down $1.33 during mid-day trading on Wednesday, hitting $106.45. The company had a trading volume of 3,583,814 shares, compared to its average volume of 2,629,239. The firm has a fifty day moving average price of $110.55 and a 200 day moving average price of $99.56. The company has a market capitalization of $60.76 billion, a PE ratio of 5.54, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. Emerson Electric Co. has a one year low of $76.94 and a one year high of $115.26.

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

Emerson Electric Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.97%. Emerson Electric's dividend payout ratio (DPR) is presently 10.94%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EMR shares. KeyCorp lifted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday, February 8th. Citigroup lifted their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. Barclays lifted their target price on shares of Emerson Electric from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 2nd. Berenberg Bank lifted 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. Finally, Mizuho lifted 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. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $116.25.

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.

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.