MN Wealth Advisors LLC Has $212,000 Holdings in Emerson Electric Co. (NYSE:EMR)

MN Wealth Advisors LLC boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 10.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,931 shares of the industrial products company’s stock after buying an additional 187 shares during the quarter. MN Wealth Advisors LLC’s holdings in Emerson Electric were worth $212,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EMR. Norges Bank acquired a new position in Emerson Electric during the 4th quarter worth $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Emerson Electric by 3,866.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company’s stock valued at $374,581,000 after purchasing an additional 2,946,310 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Emerson Electric in the 4th quarter valued at $297,947,000. Boston Partners lifted its stake in shares of Emerson Electric by 136.3% in the 4th quarter. Boston Partners now owns 3,316,466 shares of the industrial products company’s stock valued at $411,944,000 after purchasing an additional 1,913,120 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in shares of Emerson Electric by 234.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company’s stock valued at $252,313,000 after purchasing an additional 1,426,718 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EMR. Barclays increased their price target on Emerson Electric from $112.00 to $118.00 and gave the company an “underweight” rating in a research note on Monday, June 9th. KeyCorp increased their price target on Emerson Electric from $125.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, June 13th. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $121.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Royal Bank Of Canada upped their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Finally, Citigroup upped their price objective on shares of Emerson Electric from $133.00 to $146.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has issued 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 target price of $136.47.

Emerson Electric Price Performance

EMR stock opened at $127.55 on Wednesday. The stock has a 50-day moving average price of $113.52 and a two-hundred day moving average price of $118.26. The stock has a market cap of $71.75 billion, a PE ratio of 30.51, a price-to-earnings-growth ratio of 2.54 and a beta of 1.28. 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 Co. has a 1 year low of $90.06 and a 1 year high of $134.85.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The company’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 EPS. Equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric’s payout ratio is 50.48%.

Insider Activity

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm’s stock in a transaction dated 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 now owns 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by corporate insiders.

About Emerson Electric

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.