Inlight Wealth Management LLC Makes New $28,000 Investment in Emerson Electric Co. (NYSE:EMR)

Inlight Wealth Management LLC bought a new position in Emerson Electric Co. (NYSE:EMR) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 256 shares of the industrial products company’s stock, valued at approximately $28,000.

Other hedge funds have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new stake in Emerson Electric in the fourth quarter worth approximately $25,000. Vega Investment Solutions acquired a new stake in Emerson Electric in the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Emerson Electric in the fourth quarter valued at approximately $28,000. Ameriflex Group Inc. acquired a new stake in Emerson Electric in the fourth quarter valued at approximately $30,000. Finally, Meeder Asset Management Inc. grew its stake in Emerson Electric by 208.2% in the fourth quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 202 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EMR shares. Royal Bank Of Canada raised their price objective on Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Robert W. Baird reduced their price objective 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. KeyCorp raised their price objective on Emerson Electric from $125.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, June 13th. JPMorgan Chase & Co. lifted their target price on Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Finally, Wall Street Zen raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $136.47.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $128.30 on Monday. The business’s fifty day simple moving average is $115.14 and its 200 day simple moving average is $118.04. The firm has a market capitalization of $72.17 billion, a P/E ratio of 30.69, a price-to-earnings-growth ratio of 2.54 and a beta of 1.28. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42.

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

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a dividend of $0.5275 per share. The ex-dividend date was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.64%. Emerson Electric’s dividend payout ratio (DPR) is currently 50.48%.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric 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 sale, the chief executive officer now directly owns 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

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.