Inlight Wealth Management LLC Buys Shares of 256 Emerson Electric Co. (NYSE:EMR)

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stokes Family Office LLC raised its stake in shares of Emerson Electric by 94.8% during 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 period. Clark Capital Management Group Inc. grew its position in Emerson Electric by 7.7% during the fourth quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company’s stock worth $749,000 after buying an additional 434 shares in the last quarter. World Investment Advisors grew its position in Emerson Electric by 41.2% during the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company’s stock worth $2,581,000 after buying an additional 6,079 shares in the last quarter. Geode Capital Management LLC grew its position in Emerson Electric by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company’s stock worth $1,443,725,000 after buying an additional 232,540 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Emerson Electric during the fourth quarter worth about $297,947,000. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EMR. Citigroup boosted their target price on Emerson Electric from $133.00 to $146.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Robert W. Baird reduced their target price on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. 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. KeyCorp upped their price objective on Emerson Electric from $125.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, June 13th. Finally, Barclays upped their price objective on Emerson Electric from $112.00 to $118.00 and gave the stock an “underweight” rating in a report on Monday, June 9th. Two investment 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 stock. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.47.

Emerson Electric Trading Down 0.3%

Shares of EMR stock opened at $128.30 on Monday. The stock has a market capitalization of $72.17 billion, a PE ratio of 30.69, a P/E/G ratio of 2.54 and a beta of 1.28. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85. The business has a 50-day moving average of $115.14 and a 200 day moving average of $118.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59.

Emerson Electric (NYSE:EMR) last issued 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. The company 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%. Emerson Electric’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.36 EPS. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently announced 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. This represents a $2.11 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric’s dividend payout ratio is presently 50.48%.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the transaction, the chief executive officer now owns 164,957 shares of the company’s stock, valued at $18,694,576.81. This represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.

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.