Vivid Wealth Management LLC Boosts Stake in Emerson Electric Co. (NYSE:EMR)

Vivid Wealth Management LLC increased its position in Emerson Electric Co. (NYSE:EMR) by 8.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 20,971 shares of the industrial products company’s stock after purchasing an additional 1,642 shares during the period. Vivid Wealth Management LLC’s holdings in Emerson Electric were worth $2,299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stokes Family Office LLC lifted its holdings in shares of Emerson Electric by 94.8% in the 4th quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company’s stock valued at $1,141,000 after purchasing an additional 4,480 shares during the last quarter. Clark Capital Management Group Inc. lifted its holdings in shares of Emerson Electric by 7.7% in the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company’s stock valued at $749,000 after purchasing an additional 434 shares during the last quarter. World Investment Advisors raised its stake in Emerson Electric by 41.2% during the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company’s stock valued at $2,581,000 after acquiring an additional 6,079 shares during the last quarter. Geode Capital Management LLC raised its stake in Emerson Electric by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company’s stock valued at $1,443,725,000 after acquiring an additional 232,540 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Emerson Electric during the 4th quarter valued at approximately $297,947,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the sale, the chief executive officer now owns 164,957 shares of the company’s stock, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Emerson Electric Stock Up 2.5%

EMR stock opened at $128.63 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85. The company has a 50-day moving average of $113.06 and a two-hundred day moving average of $118.19. The stock has a market capitalization of $72.36 billion, a price-to-earnings ratio of 30.70, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter last year, the company earned $1.36 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. As a group, equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.64%. The ex-dividend date was Friday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.48%.

Analyst Upgrades and Downgrades

EMR has been the subject of several analyst reports. Wells Fargo & Company upped their price objective on Emerson Electric from $121.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st. KeyCorp boosted their target price on Emerson Electric from $125.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. boosted their target price on Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Barclays boosted their target price on Emerson Electric from $112.00 to $118.00 and gave the stock an “underweight” rating in a research report on Monday, June 9th. Finally, Robert W. Baird dropped their target price on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average target price 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.