Proactive Wealth Strategies LLC Grows Stake in Emerson Electric Co. (NYSE:EMR)

Proactive Wealth Strategies LLC increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 3.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,226 shares of the industrial products company’s stock after buying an additional 160 shares during the quarter. Proactive Wealth Strategies LLC’s holdings in Emerson Electric were worth $463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Unison Advisors LLC raised its position in shares of Emerson Electric by 0.5% in the 4th quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company’s stock valued at $2,629,000 after purchasing an additional 98 shares during the last quarter. Texas Yale Capital Corp. raised its holdings in shares of Emerson Electric by 0.7% in the fourth quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company’s stock worth $1,833,000 after buying an additional 100 shares during the last quarter. Ecofi Investissements SA lifted its stake in shares of Emerson Electric by 0.3% during the fourth quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company’s stock worth $4,111,000 after buying an additional 100 shares during the period. Apriem Advisors increased its position in shares of Emerson Electric by 2.1% in the 4th quarter. Apriem Advisors now owns 5,051 shares of the industrial products company’s stock valued at $626,000 after acquiring an additional 105 shares during the period. Finally, Donaldson Capital Management LLC raised its stake in Emerson Electric by 2.1% in the 4th quarter. Donaldson Capital Management LLC now owns 5,288 shares of the industrial products company’s stock worth $655,000 after acquiring an additional 107 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

EMR stock opened at $129.51 on Tuesday. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. The firm has a market capitalization of $72.85 billion, a PE ratio of 30.98, a price-to-earnings-growth ratio of 2.54 and a beta of 1.28. The business has a 50 day simple moving average of $115.71 and a 200-day simple moving average of $118.03.

Emerson Electric (NYSE:EMR) last posted its quarterly 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 analyst estimates of $4.42 billion. During the same quarter in the previous year, the firm earned $1.36 EPS. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric’s payout ratio is presently 50.48%.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business’s stock in a transaction dated 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 directly owns 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. KeyCorp increased their price objective on shares of Emerson Electric from $125.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, June 13th. Wells Fargo & Company increased their price target on Emerson Electric from $121.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 21st. Barclays boosted their price objective on Emerson Electric from $112.00 to $118.00 and gave the company an “underweight” rating in a report on Monday, June 9th. Citigroup lifted their price target on Emerson Electric from $133.00 to $146.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Finally, Wall Street Zen upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.47.

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.