Concurrent Investment Advisors LLC Increases Holdings in Emerson Electric Co. (NYSE:EMR)

Concurrent Investment Advisors LLC lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 4.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,129 shares of the industrial products company’s stock after buying an additional 2,115 shares during the period. Concurrent Investment Advisors LLC’s holdings in Emerson Electric were worth $5,496,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Orion Capital Management LLC purchased a new position in shares of Emerson Electric during the 4th quarter valued at about $25,000. Vega Investment Solutions purchased a new position in shares of Emerson Electric during the 4th quarter valued at about $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Emerson Electric in the 4th quarter worth approximately $28,000. Ameriflex Group Inc. purchased a new position in Emerson Electric in the 4th quarter worth approximately $30,000. Finally, Inlight Wealth Management LLC purchased a new position in Emerson Electric in the 1st quarter worth approximately $28,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer owned 164,957 shares in the company, valued at $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 available through this link. 0.50% of the stock is owned by corporate insiders.

Emerson Electric Trading Down 0.4%

Emerson Electric stock opened at $137.30 on Friday. 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 business’s fifty day simple moving average is $121.74 and its two-hundred day simple moving average is $118.43. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $139.90. The company has a market capitalization of $77.23 billion, a price-to-earnings ratio of 32.85, a price-to-earnings-growth ratio of 2.71 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the previous year, the company posted $1.36 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Friday, May 16th. Emerson Electric’s dividend payout ratio is currently 50.48%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EMR. Citigroup lifted their price target on Emerson Electric from $133.00 to $146.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Wells Fargo & Company lifted their price target on Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. lifted their price target on Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Bank of America lifted their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, KeyCorp boosted their target price on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.61.

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.