Krilogy Financial LLC Has $3.23 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Krilogy Financial LLC raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 12.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,484 shares of the industrial products company’s stock after purchasing an additional 3,164 shares during the period. Krilogy Financial LLC’s holdings in Emerson Electric were worth $3,233,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in EMR. Orion Capital Management LLC acquired a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $25,000. Vega Investment Solutions acquired a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $28,000. Ameriflex Group Inc. acquired a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $30,000. Finally, Meeder Asset Management Inc. raised its position in shares of Emerson Electric by 208.2% in the 4th quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 202 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 164,957 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is owned by company insiders.

Emerson Electric Price Performance

Shares of EMR opened at $125.45 on Friday. The stock has a market capitalization of $70.57 billion, a P/E ratio of 29.94, a P/E/G ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. The company has a 50 day moving average of $112.36 and a 200-day moving average of $118.42. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.07. The company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the business earned $1.36 EPS. As a group, equities research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EMR shares. Royal Bank of Canada increased 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. Barclays increased 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. Robert W. Baird cut their price target on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. Wells Fargo & Company increased their target price on Emerson Electric from $121.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 21st. Finally, Wall Street Zen raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.47.

Emerson Electric Company 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.