Emerson Electric Co. (NYSE:EMR) Shares Bought by Lowe Brockenbrough & Co. Inc.

Lowe Brockenbrough & Co. Inc. raised its stake in Emerson Electric Co. (NYSE:EMR) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,715 shares of the industrial products company’s stock after buying an additional 328 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Emerson Electric were worth $3,472,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of EMR. Vanguard Group Inc lifted its holdings in shares of Emerson Electric by 2.4% during the third quarter. Vanguard Group Inc now owns 51,601,229 shares of the industrial products company’s stock worth $3,951,622,000 after purchasing an additional 1,214,362 shares during the period. BlackRock Inc. lifted its holdings in shares of Emerson Electric by 7.3% during the first quarter. BlackRock Inc. now owns 45,135,139 shares of the industrial products company’s stock worth $3,090,402,000 after purchasing an additional 3,058,256 shares during the period. Northern Trust Corp lifted its holdings in shares of Emerson Electric by 2.1% during the fourth quarter. Northern Trust Corp now owns 9,421,260 shares of the industrial products company’s stock worth $562,921,000 after purchasing an additional 192,698 shares during the period. Geode Capital Management LLC raised its stake in Emerson Electric by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 7,394,814 shares of the industrial products company’s stock worth $441,115,000 after buying an additional 355,369 shares during the last quarter. Finally, Norges Bank bought a new position in Emerson Electric during the fourth quarter worth $430,663,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.

In other news, VP Bell Katherine Button sold 15,791 shares of Emerson Electric stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $63.91, for a total transaction of $1,009,202.81. Following the completion of the transaction, the vice president now directly owns 30,304 shares in the company, valued at $1,936,728.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael H. Train sold 12,278 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $63.80, for a total transaction of $783,336.40. Following the transaction, the insider now owns 129,298 shares in the company, valued at $8,249,212.40. The disclosure for this sale can be found here. Insiders own 0.07% of the company’s stock.

A number of equities analysts recently weighed in on EMR shares. Zacks Investment Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Tuesday, April 2nd. Citigroup raised shares of Emerson Electric from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $67.00 to $81.00 in a research note on Monday, April 8th. Finally, Credit Suisse Group lowered their target price on shares of Emerson Electric from $80.00 to $74.00 and set an “outperform” rating for the company in a research note on Wednesday, June 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $75.47.

Shares of NYSE EMR opened at $62.77 on Monday. Emerson Electric Co. has a twelve month low of $55.38 and a twelve month high of $79.70. The firm has a market cap of $38.58 billion, a P/E ratio of 18.57, a PEG ratio of 2.01 and a beta of 1.30. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.44.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share for the quarter, meeting the consensus estimate of $0.84. Emerson Electric had a net margin of 12.81% and a return on equity of 24.63%. The firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same period in the previous year, the firm posted $0.76 earnings per share. The business’s revenue was up 7.6% compared to the same quarter last year. On average, research analysts predict that Emerson Electric Co. will post 3.65 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 57.99%.

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Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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