Emerson Electric Co. (NYSE:EMR) Shares Purchased by LPL Financial LLC

LPL Financial LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 18.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,032,916 shares of the industrial products company’s stock after purchasing an additional 163,036 shares during the period. LPL Financial LLC owned 0.18% of Emerson Electric worth $113,249,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of EMR. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Emerson Electric by 3,866.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company’s stock valued at $374,581,000 after acquiring an additional 2,946,310 shares during the last quarter. Pacer Advisors Inc. lifted its position in Emerson Electric by 4,583.7% in the first quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company’s stock valued at $239,569,000 after acquiring an additional 2,138,397 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Emerson Electric by 210.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company’s stock valued at $215,602,000 after acquiring an additional 1,333,839 shares during the last quarter. GAMMA Investing LLC lifted its position in Emerson Electric by 12,707.7% in the first quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company’s stock valued at $123,503,000 after acquiring an additional 1,117,646 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in Emerson Electric by 230,061.8% in the fourth quarter. Lazard Asset Management LLC now owns 819,376 shares of the industrial products company’s stock valued at $101,545,000 after acquiring an additional 819,020 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insider Transactions at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the sale, the chief executive officer owned 164,957 shares of the company’s stock, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.50% of the company’s stock.

Emerson Electric Trading Down 1.2%

Shares of EMR opened at $147.62 on Wednesday. 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 firm’s 50-day moving average is $132.01 and its two-hundred day moving average is $120.79. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The firm has a market capitalization of $83.04 billion, a P/E ratio of 35.32, a PEG ratio of 2.90 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping 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 company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the business posted $1.36 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric’s payout ratio is currently 50.48%.

Analyst Ratings Changes

A number of brokerages have recently commented on EMR. Barclays upped their target price on shares of Emerson Electric from $118.00 to $125.00 and gave the company an “underweight” rating in a report on Wednesday, July 9th. TD Cowen raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Citigroup upped their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a report on Monday, July 14th. Wall Street Zen raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Finally, Wells Fargo & Company upped their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $142.28.

Emerson Electric 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.