Proficio Capital Partners LLC Has $287,000 Stake in Emerson Electric Co. (NYSE:EMR)

Proficio Capital Partners LLC lifted its position in Emerson Electric Co. (NYSE:EMR) by 11.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,614 shares of the industrial products company’s stock after purchasing an additional 263 shares during the quarter. Proficio Capital Partners LLC’s holdings in Emerson Electric were worth $287,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of EMR. Orion Capital Management LLC bought a new position in shares of Emerson Electric in the fourth quarter valued at about $25,000. Vega Investment Solutions bought a new position in Emerson Electric during the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Emerson Electric in the 4th quarter valued at approximately $28,000. Ameriflex Group Inc. acquired a new position in shares of Emerson Electric in the 4th quarter valued at approximately $30,000. Finally, Inlight Wealth Management LLC acquired a new position in shares of Emerson Electric in the 1st quarter valued at approximately $28,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EMR shares. Robert W. Baird dropped their price target on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Bank of America increased their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Barclays increased their target price on Emerson Electric from $118.00 to $125.00 and gave the stock an “underweight” rating in a report on Wednesday, July 9th. TD Cowen raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, Stephens raised their price objective on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. 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 two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $142.28.

Emerson Electric Stock Up 1.7%

EMR stock opened at $146.81 on Thursday. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $147.09. The stock has a market cap of $82.58 billion, a P/E ratio of 35.12, a P/E/G ratio of 2.80 and a beta of 1.29. The stock’s fifty day simple moving average is $129.71 and its two-hundred day simple moving average is $120.01. 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 (NYSE:EMR) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period last year, the firm posted $1.36 EPS. The business’s revenue was up 1.3% compared to the same quarter last year. Analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.44%. Emerson Electric’s dividend payout ratio is currently 50.48%.

Insider Buying and Selling

In other Emerson Electric 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 sale, the chief executive officer owned 164,957 shares of the company’s stock, valued at $18,694,576.81. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is currently 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.