Emerson Electric Co. (NYSE:EMR) Shares Bought by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 346,130 shares of the industrial products company’s stock after purchasing an additional 15,863 shares during the period. Ferguson Wellman Capital Management Inc. owned approximately 0.06% of Emerson Electric worth $31,287,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Resurgent Financial Advisors LLC bought a new stake in shares of Emerson Electric during the 4th quarter worth $32,000. Certified Advisory Corp acquired a new position in shares of Emerson Electric in the 1st quarter valued at $34,000. OLD Mission Capital LLC purchased a new position in Emerson Electric in the 4th quarter worth about $35,000. Kepos Capital LP purchased a new stake in Emerson Electric during the fourth quarter valued at about $37,000. Finally, Osterweis Capital Management Inc. acquired a new position in shares of Emerson Electric in the fourth quarter worth about $44,000. 72.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Emerson Electric news, VP Lisa Flavin sold 48,718 shares of the company’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $89.65, for a total transaction of $4,367,568.70. Following the completion of the sale, the vice president now directly owns 51,748 shares in the company, valued at $4,639,208.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Emerson Electric news, CMO Vidya Ramnath sold 2,500 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $97.86, for a total value of $244,650.00. Following the completion of the sale, the chief marketing officer now directly owns 11,870 shares of the company’s stock, valued at approximately $1,161,598.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Lisa Flavin sold 48,718 shares of the business’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $89.65, for a total transaction of $4,367,568.70. Following the transaction, the vice president now owns 51,748 shares in the company, valued at approximately $4,639,208.20. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the subject of a number of recent analyst reports. HSBC raised shares of Emerson Electric from a “hold” rating to a “buy” rating and raised their price objective for the stock from $79.00 to $100.00 in a research note on Wednesday, June 14th. Barclays assumed coverage on Emerson Electric in a research report on Monday, August 28th. They issued an “equal weight” rating and a $105.00 target price for the company. Argus raised Emerson Electric from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Monday, August 28th. JPMorgan Chase & Co. raised Emerson Electric from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $83.00 to $107.00 in a research note on Tuesday, August 22nd. Finally, Vertical Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Friday. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $105.67.

Emerson Electric Stock Up 0.3 %

Emerson Electric stock traded up $0.26 during mid-day trading on Friday, hitting $98.86. 7,287,061 shares of the company’s stock were exchanged, compared to its average volume of 3,196,321. Emerson Electric Co. has a 1-year low of $72.40 and a 1-year high of $100.62. The stock has a 50 day moving average of $95.35 and a two-hundred day moving average of $88.17. The stock has a market cap of $56.74 billion, a P/E ratio of 4.32, a P/E/G ratio of 2.29 and a beta of 1.39. The company has a current ratio of 2.38, a quick ratio of 2.07 and a debt-to-equity ratio of 0.29.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.20. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.89 billion. Emerson Electric had a return on equity of 14.27% and a net margin of 80.41%. As a group, analysts anticipate that Emerson Electric Co. will post 4.44 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 11th were paid a $0.52 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $2.08 dividend on an annualized basis and a yield of 2.10%. Emerson Electric’s payout ratio is presently 9.09%.

Emerson Electric Profile

Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, AspenTech, and Commercial & Residential Solutions segments.