39,269 Shares in Emerson Electric Co. (NYSE:EMR) Acquired by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV bought a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 39,269 shares of the industrial products company’s stock, valued at approximately $4,305,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of EMR. Brighton Jones LLC raised its holdings in Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after acquiring an additional 4,850 shares during the period. Avidian Wealth Enterprises LLC grew its position in shares of Emerson Electric by 6.6% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 3,315 shares of the industrial products company’s stock valued at $411,000 after purchasing an additional 204 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Emerson Electric by 1.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 410,601 shares of the industrial products company’s stock valued at $50,167,000 after purchasing an additional 6,564 shares in the last quarter. Avestar Capital LLC grew its position in shares of Emerson Electric by 5.5% during the 4th quarter. Avestar Capital LLC now owns 6,255 shares of the industrial products company’s stock valued at $775,000 after purchasing an additional 325 shares in the last quarter. Finally, Buckhead Capital Management LLC purchased a new position in shares of Emerson Electric during the 4th quarter valued at $2,126,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 1.0%

NYSE:EMR opened at $125.45 on Friday. The company’s 50 day moving average price is $112.36 and its 200-day moving average price is $118.42. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The stock has a market cap of $70.57 billion, a price-to-earnings ratio of 29.94, a PEG ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.07. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The firm had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the prior year, the company posted $1.36 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal 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 $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.68%. The ex-dividend date was Friday, May 16th. 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 stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer now directly owns 164,957 shares in the company, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of 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 target on shares of Emerson Electric from $125.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday. Barclays upped their price target on shares of Emerson Electric from $112.00 to $118.00 and gave the company an “underweight” rating in a research report on Monday, June 9th. Royal Bank of Canada upped their price target 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, Robert W. Baird lowered their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.