Lake Street Advisors Group LLC Purchases New Position in Emerson Electric Co. (NYSE:EMR)

Lake Street Advisors Group LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,443 shares of the industrial products company’s stock, valued at approximately $944,000.

A number of other large investors have also bought and sold shares of the business. Commonwealth Equity Services LLC increased its stake in Emerson Electric by 0.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 629,900 shares of the industrial products company’s stock worth $56,937,000 after purchasing an additional 4,100 shares in the last quarter. Johnson Investment Counsel Inc. raised its holdings in shares of Emerson Electric by 1.6% in the second quarter. Johnson Investment Counsel Inc. now owns 107,668 shares of the industrial products company’s stock valued at $9,732,000 after purchasing an additional 1,708 shares during the last quarter. Jade Capital Advisors LLC acquired a new stake in shares of Emerson Electric in the second quarter valued at approximately $2,260,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Emerson Electric by 6.4% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,692,393 shares of the industrial products company’s stock valued at $152,975,000 after purchasing an additional 101,996 shares during the last quarter. Finally, Shelton Capital Management raised its holdings in shares of Emerson Electric by 3.5% in the second quarter. Shelton Capital Management now owns 4,021 shares of the industrial products company’s stock valued at $363,000 after purchasing an additional 136 shares during the last quarter. 72.02% of the stock is owned by institutional investors.

Emerson Electric Stock Performance

Shares of Emerson Electric stock traded up $1.77 during trading on Friday, reaching $89.27. The company’s stock had a trading volume of 3,494,310 shares, compared to its average volume of 3,171,279. The business’s 50-day moving average price is $93.28 and its 200-day moving average price is $90.78. The firm has a market cap of $50.89 billion, a PE ratio of 3.90, a P/E/G ratio of 1.52 and a beta of 1.38. Emerson Electric Co. has a 52 week low of $76.94 and a 52 week high of $100.62. The company has a quick ratio of 2.35, a current ratio of 2.75 and a debt-to-equity ratio of 0.29.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.20 billion. Emerson Electric had a net margin of 87.17% and a return on equity of 11.78%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $1.53 EPS. Equities analysts forecast that Emerson Electric Co. will post 5.26 earnings per share for the current year.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Thursday, November 16th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.52. Emerson Electric’s payout ratio is 9.08%.

Analyst Ratings Changes

EMR has been the topic of a number of recent research reports. Vertical Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Friday, September 15th. Mizuho boosted their target price on shares of Emerson Electric from $90.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, August 3rd. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Wells Fargo & Company lowered their target price on shares of Emerson Electric from $110.00 to $105.00 in a report on Monday, October 9th. Finally, Morgan Stanley boosted their target price on shares of Emerson Electric from $107.00 to $116.00 and gave the stock an “overweight” rating in a report on Thursday, August 3rd. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $105.11.

Insider Activity at Emerson Electric

In related news, Director Arthur F. Golden purchased 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was acquired at an average price of $85.64 per share, with a total value of $256,920.00. Following the completion of the purchase, the director now directly owns 97,504 shares in the company, valued at $8,350,242.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Emerson Electric news, CMO Vidya Ramnath sold 2,500 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $97.86, for a total transaction of $244,650.00. Following the completion of the transaction, the chief marketing officer now owns 11,870 shares of the company’s stock, valued at $1,161,598.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Arthur F. Golden bought 3,000 shares of the stock in a transaction on Wednesday, November 8th. The shares were acquired at an average cost of $85.64 per share, with a total value of $256,920.00. Following the purchase, the director now owns 97,504 shares of the company’s stock, valued at approximately $8,350,242.56. The disclosure for this purchase can be found here. 0.33% of the stock is owned by insiders.

Emerson Electric Company 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. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.