Dover Advisors LLC Buys 3,217 Shares of Emerson Electric Co. (NYSE:EMR)

Dover Advisors LLC boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 37.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,852 shares of the industrial products company’s stock after purchasing an additional 3,217 shares during the quarter. Dover Advisors LLC’s holdings in Emerson Electric were worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in EMR. Brighton Jones LLC raised its stake in Emerson Electric by 74.1% in the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after buying an additional 4,850 shares during the last quarter. Avidian Wealth Enterprises LLC raised its stake in Emerson Electric by 6.6% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,315 shares of the industrial products company’s stock valued at $411,000 after buying an additional 204 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Emerson Electric by 1.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 410,601 shares of the industrial products company’s stock valued at $50,167,000 after buying an additional 6,564 shares during the last quarter. Avestar Capital LLC raised its stake in Emerson Electric by 5.5% in the fourth quarter. Avestar Capital LLC now owns 6,255 shares of the industrial products company’s stock valued at $775,000 after buying an additional 325 shares during the last quarter. Finally, Buckhead Capital Management LLC purchased a new stake in Emerson Electric in the fourth quarter valued at about $2,126,000. Institutional investors own 74.30% of the company’s stock.

Insider Activity at Emerson Electric

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 value of $1,892,384.34. Following the sale, the chief executive officer now owns 164,957 shares of the company’s stock, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

EMR has been the subject of a number of research analyst reports. Robert W. Baird decreased their price target on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Royal Bank of Canada raised their price objective on Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Citigroup raised their price objective on Emerson Electric from $133.00 to $146.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. KeyCorp raised their price objective on Emerson Electric from $125.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Wall Street Zen upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.47.

Emerson Electric Price Performance

NYSE:EMR opened at $125.45 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm has a market cap of $70.57 billion, a price-to-earnings ratio of 29.94, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The company has a 50 day moving average price of $112.36 and a 200-day moving average price of $118.42. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85.

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

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were paid a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.68%. Emerson Electric’s dividend 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.