Ramsay Stattman Vela & Price Inc. boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.8% in the 1st quarter, HoldingsChannel reports. The fund owned 77,071 shares of the industrial products company’s stock after buying an additional 590 shares during the period. Emerson Electric comprises 1.9% of Ramsay Stattman Vela & Price Inc.’s holdings, making the stock its 29th biggest position. Ramsay Stattman Vela & Price Inc.’s holdings in Emerson Electric were worth $5,277,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of EMR. Garner Asset Management Corp boosted its stake in shares of Emerson Electric by 2.2% during the 1st quarter. Garner Asset Management Corp now owns 6,434 shares of the industrial products company’s stock worth $441,000 after purchasing an additional 139 shares during the period. Ropes Wealth Advisors LLC lifted its holdings in Emerson Electric by 1.2% during the 1st quarter. Ropes Wealth Advisors LLC now owns 12,197 shares of the industrial products company’s stock valued at $835,000 after buying an additional 146 shares in the last quarter. Howe & Rusling Inc. lifted its holdings in Emerson Electric by 4.1% during the 4th quarter. Howe & Rusling Inc. now owns 3,876 shares of the industrial products company’s stock valued at $232,000 after buying an additional 152 shares in the last quarter. Pathway Financial Advisors LLC lifted its holdings in Emerson Electric by 3.3% during the 1st quarter. Pathway Financial Advisors LLC now owns 4,758 shares of the industrial products company’s stock valued at $326,000 after buying an additional 153 shares in the last quarter. Finally, Orca Investment Management LLC lifted its holdings in Emerson Electric by 2.8% during the 4th quarter. Orca Investment Management LLC now owns 5,692 shares of the industrial products company’s stock valued at $340,000 after buying an additional 156 shares in the last quarter. 72.22% of the stock is owned by institutional investors.

NYSE:EMR opened at $62.68 on Friday. Emerson Electric Co. has a one year low of $55.38 and a one year high of $79.70. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 0.76. The stock has a market capitalization of $38.52 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 2.08 and a beta of 1.23.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.84 EPS for the quarter, meeting the consensus estimate of $0.84. Emerson Electric had a net margin of 12.81% and a return on equity of 24.63%. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same quarter in the previous year, the business posted $0.76 EPS. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. Research analysts forecast that Emerson Electric Co. will post 3.66 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.96 annualized dividend and a dividend yield of 3.13%. Emerson Electric’s dividend payout ratio is currently 57.99%.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating in a report on Monday. Citigroup upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $67.00 to $81.00 in a report on Monday, April 8th. Morgan Stanley set a $77.00 price objective on shares of Emerson Electric and gave the company a “buy” rating in a report on Friday, February 8th. Credit Suisse Group lifted their price objective on shares of Emerson Electric from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, February 6th. Finally, Cowen reiterated a “buy” rating and set a $81.00 price objective on shares of Emerson Electric in a report on Tuesday, February 5th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.41.

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Emerson Electric Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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