Legacy Advisors LLC Buys 433 Shares of Emerson Electric Co. (NYSE:EMR)

Legacy Advisors LLC boosted its stake in Emerson Electric Co. (NYSE:EMR) by 3.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 11,446 shares of the industrial products company’s stock after purchasing an additional 433 shares during the period. Legacy Advisors LLC’s holdings in Emerson Electric were worth $1,255,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in EMR. Unison Advisors LLC grew 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 worth $2,629,000 after buying an additional 98 shares during the period. Texas Yale Capital Corp. grew its position in Emerson Electric by 0.7% during the 4th quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company’s stock valued at $1,833,000 after purchasing an additional 100 shares during the last quarter. Ecofi Investissements SA grew its position in Emerson Electric by 0.3% during the 4th quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company’s stock valued at $4,111,000 after purchasing an additional 100 shares during the last quarter. Apriem Advisors grew its position in Emerson Electric by 2.1% during the 4th quarter. Apriem Advisors now owns 5,051 shares of the industrial products company’s stock valued at $626,000 after purchasing an additional 105 shares during the last quarter. Finally, Donaldson Capital Management LLC grew its position in Emerson Electric by 2.1% during the 4th quarter. Donaldson Capital Management LLC now owns 5,288 shares of the industrial products company’s stock valued at $655,000 after purchasing an additional 107 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

EMR opened at $129.51 on Tuesday. The firm has a market cap of $72.85 billion, a P/E ratio of 30.98, a PEG 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 company has a 50 day simple moving average of $115.71 and a two-hundred day simple moving average of $118.03. 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 posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 earnings per share. Equities analysts forecast 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. Shareholders of record on Friday, May 16th were given a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.63%. Emerson Electric’s payout ratio is currently 50.48%.

Insiders Place Their Bets

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company’s 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 transaction, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

EMR has been the topic of several recent analyst reports. Royal Bank Of Canada increased 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. Citigroup increased 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. Barclays boosted their price objective on shares of Emerson Electric from $112.00 to $118.00 and gave the company an “underweight” rating in a report on Monday, June 9th. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $121.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. Finally, Robert W. Baird decreased their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.47.

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.