Emerson Electric Co. (NYSE:EMR) Shares Bought by Secure Asset Management LLC

Secure Asset Management LLC boosted its position in Emerson Electric Co. (NYSE:EMR) by 11.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,267 shares of the industrial products company’s stock after purchasing an additional 1,821 shares during the quarter. Secure Asset Management LLC’s holdings in Emerson Electric were worth $2,003,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EMR. Brighton Jones LLC grew its stake in shares of Emerson Electric by 74.1% in the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock worth $1,412,000 after purchasing an additional 4,850 shares in the last quarter. One Wealth Advisors LLC acquired a new position in Emerson Electric during the 4th quarter valued at about $217,000. GDS Wealth Management lifted its stake in shares of Emerson Electric by 2.0% in the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock worth $491,000 after acquiring an additional 79 shares during the period. Optas LLC boosted its holdings in shares of Emerson Electric by 15.5% in the fourth quarter. Optas LLC now owns 2,268 shares of the industrial products company’s stock valued at $281,000 after acquiring an additional 305 shares in the last quarter. Finally, Trust Point Inc. raised its holdings in Emerson Electric by 27.5% during the fourth quarter. Trust Point Inc. now owns 16,407 shares of the industrial products company’s stock worth $2,033,000 after purchasing an additional 3,542 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the sale, the chief executive officer now owns 164,957 shares of the company’s stock, valued at $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.50% of the company’s stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $120.45 on Wednesday. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85. The firm has a fifty day simple moving average of $108.91 and a 200-day simple moving average of $118.64. 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 stock has a market capitalization of $67.76 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.07. The business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 EPS. On average, sell-side analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors 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%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on EMR shares. Royal Bank of Canada lifted 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. Wells Fargo & Company boosted their price target on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 21st. KeyCorp cut their price target on shares of Emerson Electric from $158.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Barclays lifted their price objective on shares of Emerson Electric from $104.00 to $112.00 and gave the stock an “underweight” rating in a research note on Friday, May 30th. Finally, Robert W. Baird cut their target price on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.53.

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.