Emerson Electric Co. (NYSE:EMR) Shares Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH grew its position in shares of Emerson Electric Co. (NYSE:EMR) by 3.2% during the 1st quarter, Holdings Channel reports. The firm owned 11,360 shares of the industrial products company’s stock after purchasing an additional 350 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Emerson Electric were worth $1,246,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of EMR. Brighton Jones LLC increased its position in shares of 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 purchasing an additional 4,850 shares during the period. Avidian Wealth Enterprises LLC increased 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 during the period. Allspring Global Investments Holdings LLC boosted its stake 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 worth $50,167,000 after acquiring an additional 6,564 shares in the last quarter. Avestar Capital LLC boosted its stake 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 worth $775,000 after acquiring an additional 325 shares in the last quarter. Finally, Buckhead Capital Management LLC bought a new stake in shares of Emerson Electric during the 4th quarter worth $2,126,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Emerson Electric

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 transaction of $1,892,384.34. Following the transaction, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.50% of the company’s stock.

Emerson Electric Price Performance

EMR opened at $125.45 on Friday. 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 Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average price of $112.36 and a 200 day moving average price of $118.42.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating 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 12.08% and a net margin of 13.74%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.36 earnings per share. Analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.68%. Emerson Electric’s payout ratio is 50.48%.

Wall Street Analysts Forecast Growth

EMR has been the subject of several research reports. KeyCorp raised their price objective on Emerson Electric from $125.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday. Citigroup raised their price objective on Emerson Electric from $133.00 to $146.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Royal Bank of Canada raised their price objective on Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. raised their price objective on Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Finally, Wall Street Zen raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.