Emerson Electric Co. (NYSE:EMR) Shares Bought by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. lifted its stake in Emerson Electric Co. (NYSE:EMR) by 17.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,000 shares of the industrial products company’s stock after buying an additional 2,577 shares during the period. First Trust Direct Indexing L.P.’s holdings in Emerson Electric were worth $1,928,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Lake Street Private Wealth LLC increased its position in Emerson Electric by 2.3% during the first quarter. Lake Street Private Wealth LLC now owns 4,412 shares of the industrial products company’s stock worth $500,000 after purchasing an additional 99 shares during the last quarter. Harbour Capital Advisors LLC raised its position in shares of Emerson Electric by 1.7% in the 1st quarter. Harbour Capital Advisors LLC now owns 6,136 shares of the industrial products company’s stock worth $695,000 after buying an additional 100 shares during the period. Financial Advocates Investment Management boosted its holdings in Emerson Electric by 1.0% in the fourth quarter. Financial Advocates Investment Management now owns 10,208 shares of the industrial products company’s stock valued at $994,000 after acquiring an additional 101 shares during the last quarter. Chemung Canal Trust Co. increased its stake in Emerson Electric by 0.3% during the first quarter. Chemung Canal Trust Co. now owns 39,629 shares of the industrial products company’s stock worth $4,495,000 after acquiring an additional 103 shares during the last quarter. Finally, Stonehearth Capital Management LLC lifted its stake in shares of Emerson Electric by 3.3% in the 1st quarter. Stonehearth Capital Management LLC now owns 3,320 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 107 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on EMR. Citigroup raised their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a report on Monday, April 8th. Robert W. Baird decreased their price target on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Loop Capital raised their price objective on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Mizuho increased their target price on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Finally, Wells Fargo & Company boosted their price target on Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 26th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.76.

Emerson Electric Price Performance

Shares of EMR opened at $109.56 on Friday. The stock has a 50 day moving average of $109.98 and a 200-day moving average of $106.02. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $116.76. The firm has a market cap of $62.68 billion, a price-to-earnings ratio of 5.86, a PEG ratio of 1.87 and a beta of 1.32. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the firm posted $1.09 EPS. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. As a group, analysts forecast that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.92%. The ex-dividend date was Thursday, May 16th. Emerson Electric’s dividend payout ratio is presently 11.24%.

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.