Lake Street Private Wealth LLC Buys 276 Shares of Emerson Electric Co. (NYSE:EMR)

Lake Street Private Wealth LLC boosted its stake in Emerson Electric Co. (NYSE:EMR) by 8.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,650 shares of the industrial products company’s stock after acquiring an additional 276 shares during the period. Lake Street Private Wealth LLC’s holdings in Emerson Electric were worth $400,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Orion Capital Management LLC purchased a new stake in Emerson Electric in the 4th quarter valued at $25,000. Vega Investment Solutions purchased a new stake in shares of Emerson Electric during the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Emerson Electric during the 4th quarter valued at $28,000. Ameriflex Group Inc. bought a new position in shares of Emerson Electric during the 4th quarter worth $30,000. Finally, YANKCOM Partnership bought a new position in shares of Emerson Electric during the 4th quarter worth $30,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

EMR stock opened at $122.44 on Friday. The firm has a 50 day moving average of $109.43 and a 200-day moving average of $118.61. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85. 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 company has a market cap of $68.87 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 2.49 and a beta of 1.28.

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

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.5275 per share. The ex-dividend date is Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.72%. Emerson Electric’s dividend payout ratio is presently 50.48%.

Insider Activity

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

Analysts Set New Price Targets

Several research analysts have commented on the company. Wells Fargo & Company raised their target price on Emerson Electric from $121.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 21st. Wall Street Zen raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. JPMorgan Chase & Co. lifted their price objective on Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Morgan Stanley lifted their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Finally, 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.65.

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.