1,789 Shares in Emerson Electric Co. (NYSE:EMR) Bought by Northwest Quadrant Wealth Management LLC

Northwest Quadrant Wealth Management LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, Holdings Channel.com reports. The fund purchased 1,789 shares of the industrial products company’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp increased its position in shares of Emerson Electric by 20.4% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 23,827 shares of the industrial products company’s stock worth $2,953,000 after purchasing an additional 4,041 shares during the last quarter. Obermeyer Wealth Partners increased its position in shares of Emerson Electric by 38.4% in the 4th quarter. Obermeyer Wealth Partners now owns 8,115 shares of the industrial products company’s stock worth $1,006,000 after purchasing an additional 2,253 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Emerson Electric by 3.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,519,317 shares of the industrial products company’s stock worth $312,225,000 after purchasing an additional 79,748 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Emerson Electric by 230,061.8% in the 4th quarter. Lazard Asset Management LLC now owns 819,376 shares of the industrial products company’s stock worth $101,545,000 after purchasing an additional 819,020 shares during the last quarter. Finally, Laurion Capital Management LP increased its position in shares of Emerson Electric by 2.3% in the 4th quarter. Laurion Capital Management LP now owns 5,343 shares of the industrial products company’s stock worth $662,000 after purchasing an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business’s stock in a transaction that occurred 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 directly owns 164,957 shares of the company’s stock, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EMR. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. KeyCorp decreased 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. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Barclays boosted their target price on shares of Emerson Electric from $99.00 to $104.00 and gave the company an “underweight” rating in a research note on Thursday, May 8th. Finally, Wells Fargo & Company boosted their target price on shares of Emerson Electric from $110.00 to $121.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $130.88.

Emerson Electric Trading Up 1.8%

Shares of NYSE:EMR opened at $121.58 on Wednesday. The company has a 50 day moving average of $106.97 and a 200-day moving average of $118.69. The firm has a market cap of $68.39 billion, a P/E ratio of 29.02, a P/E/G 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. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

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

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders 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 dividend yield of 1.74%. Emerson Electric’s dividend payout ratio is currently 50.48%.

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.