Bogart Wealth LLC Purchases 865 Shares of Emerson Electric Co. (NYSE:EMR)

Bogart Wealth LLC boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,368 shares of the industrial products company’s stock after purchasing an additional 865 shares during the period. Bogart Wealth LLC’s holdings in Emerson Electric were worth $7,277,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in Emerson Electric during the 4th quarter worth about $25,000. Vega Investment Solutions bought a new position in Emerson Electric during the 4th quarter worth about $27,000. Murphy & Mullick Capital Management Corp bought a new position in Emerson Electric during the 4th quarter worth about $28,000. Inlight Wealth Management LLC bought a new position in Emerson Electric during the 1st quarter worth about $28,000. Finally, Fourth Dimension Wealth LLC increased its holdings in Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 154 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Insider Transactions at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm’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 completion of the sale, the chief executive officer directly owned 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Barclays raised their price objective on Emerson Electric from $118.00 to $125.00 and gave the company an “underweight” rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. raised their price objective on Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, May 16th. KeyCorp raised their price objective on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Citigroup raised their price objective on Emerson Electric from $133.00 to $146.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Finally, TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.83.

Emerson Electric Trading Down 0.4%

Shares of EMR stock opened at $140.07 on Monday. The firm has a 50 day moving average price of $125.11 and a two-hundred day moving average price of $118.89. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $78.79 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 2.72 and a beta of 1.29. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $142.32.

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. The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $1.36 earnings per share. As a group, analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.51%. Emerson Electric’s dividend payout ratio (DPR) is presently 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.