Lighthouse Investment Partners LLC Takes Position in Emerson Electric Co. (NYSE:EMR)

Lighthouse Investment Partners LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, Holdings Channel reports. The fund bought 10,000 shares of the industrial products company’s stock, valued at approximately $1,239,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Brookstone Capital Management increased its stake in Emerson Electric by 57.2% during the fourth quarter. Brookstone Capital Management now owns 18,833 shares of the industrial products company’s stock worth $2,334,000 after acquiring an additional 6,855 shares during the last quarter. Wedmont Private Capital lifted its holdings in shares of Emerson Electric by 7.6% in the 4th quarter. Wedmont Private Capital now owns 5,324 shares of the industrial products company’s stock worth $628,000 after acquiring an additional 374 shares during the last quarter. Mayfair Advisory Group LLC purchased a new position in shares of Emerson Electric during the 4th quarter worth approximately $239,000. SeaCrest Wealth Management LLC increased its holdings in Emerson Electric by 6.2% in the 4th quarter. SeaCrest Wealth Management LLC now owns 11,086 shares of the industrial products company’s stock valued at $1,374,000 after purchasing an additional 651 shares during the last quarter. Finally, Pines Wealth Management LLC purchased a new stake in Emerson Electric in the fourth quarter valued at approximately $204,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EMR. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Royal Bank of Canada raised their target price on Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. JPMorgan Chase & Co. cut their price target on shares of Emerson Electric from $135.00 to $110.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Citigroup increased their price target on shares of Emerson Electric from $119.00 to $127.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Finally, Barclays lifted their price objective on shares of Emerson Electric from $99.00 to $104.00 and gave the company an “underweight” rating in a report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $130.88.

Insider Transactions at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.50% of the company’s stock.

Emerson Electric Price Performance

Emerson Electric stock opened at $121.39 on Thursday. 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 fifty day simple moving average of $107.03 and a 200-day simple moving average of $118.70. The stock has a market cap of $68.28 billion, a P/E ratio of 28.97, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (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 during the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the previous year, the business earned $1.36 EPS. Emerson Electric’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.74%. Emerson Electric’s payout ratio is currently 50.48%.

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.