Obermeyer Wealth Partners Acquires 2,253 Shares of Emerson Electric Co. (NYSE:EMR)

Obermeyer Wealth Partners increased its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 38.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,115 shares of the industrial products company's stock after acquiring an additional 2,253 shares during the quarter. Obermeyer Wealth Partners' holdings in Emerson Electric were worth $1,006,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Stephens Consulting LLC purchased a new stake in Emerson Electric in the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric during the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Emerson Electric during the 4th quarter worth $28,000. YANKCOM Partnership acquired a new stake in Emerson Electric in the 4th quarter valued at approximately $30,000. Finally, Fiduciary Advisors Inc. acquired a new stake in Emerson Electric in the 4th quarter worth $35,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Insider Transactions at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's 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 completion of the transaction, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.50% of the company's stock.

Emerson Electric Trading Up 0.3%

Shares of EMR stock traded up $0.33 on Friday, hitting $120.58. The stock had a trading volume of 2,712,218 shares, compared to its average volume of 2,903,533. The company has a fifty day moving average price of $107.20 and a two-hundred day moving average price of $118.78. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The firm has a market cap of $67.83 billion, a P/E ratio of 28.78, a PEG ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter last year, the firm posted $1.36 earnings per share. Emerson Electric's revenue was up 1.3% compared to the same quarter last year. As a group, analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is currently 50.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EMR shares. Daiwa America raised Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. 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. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 target price for the company. KeyCorp cut their target price on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Barclays increased their price target on Emerson Electric from $99.00 to $104.00 and gave the stock an "underweight" rating in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $132.24.

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.