Emerson Electric Co. (NYSE:EMR) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its stake in Emerson Electric Co. (NYSE:EMR) by 22.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 248,375 shares of the industrial products company’s stock after acquiring an additional 45,897 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Emerson Electric were worth $27,232,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Sequoia Financial Advisors LLC lifted its holdings in shares of Emerson Electric by 1.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 19,714 shares of the industrial products company’s stock worth $2,161,000 after acquiring an additional 247 shares during the last quarter. Pure Financial Advisors LLC purchased a new stake in Emerson Electric during the 1st quarter worth approximately $240,000. Alpine Bank Wealth Management purchased a new stake in Emerson Electric during the 1st quarter worth approximately $412,000. Golden State Wealth Management LLC increased its stake in Emerson Electric by 39.5% during the 1st quarter. Golden State Wealth Management LLC now owns 1,048 shares of the industrial products company’s stock worth $115,000 after buying an additional 297 shares during the period. Finally, Bessemer Group Inc. increased its stake in Emerson Electric by 21.0% during the 1st quarter. Bessemer Group Inc. now owns 29,030 shares of the industrial products company’s stock worth $3,183,000 after buying an additional 5,047 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 21st. Royal Bank Of Canada upped their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. KeyCorp upped their target price on shares of Emerson Electric from $125.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, June 13th. Barclays upped their target price on shares of Emerson Electric from $112.00 to $118.00 and gave the stock an “underweight” rating in a research note on Monday, June 9th. Finally, Citigroup increased their price objective on shares of Emerson Electric from $133.00 to $146.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.47.

Emerson Electric Trading Up 0.3%

Shares of Emerson Electric stock opened at $133.16 on Friday. The company has a fifty day simple moving average of $118.27 and a 200-day simple moving average of $118.24. 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 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42. The stock has a market cap of $74.90 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 2.62 and a beta of 1.28.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the prior year, the business posted $1.36 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric’s dividend payout ratio is currently 50.48%.

Insider Buying and Selling

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the 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 completion of the sale, the chief executive officer now owns 164,957 shares in the company, valued at $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by company insiders.

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.