Spire Wealth Management Buys 114 Shares of Emerson Electric Co. (NYSE:EMR)

Spire Wealth Management increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,947 shares of the industrial products company’s stock after acquiring an additional 114 shares during the quarter. Spire Wealth Management’s holdings in Emerson Electric were worth $762,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Emerson Electric by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company’s stock worth $6,634,837,000 after acquiring an additional 384,313 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Emerson Electric by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company’s stock valued at $1,443,725,000 after buying an additional 232,540 shares during the last quarter. Norges Bank bought a new stake in shares of Emerson Electric during the fourth quarter worth about $885,886,000. Northern Trust Corp increased its position in shares of Emerson Electric by 5.9% during the fourth quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company’s stock worth $827,377,000 after acquiring an additional 370,560 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in shares of Emerson Electric by 4.1% during the fourth quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company’s stock worth $542,379,000 after acquiring an additional 171,946 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on EMR shares. Royal Bank Of Canada boosted their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. boosted their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Citigroup boosted their target price on shares of Emerson Electric from $133.00 to $146.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Robert W. Baird decreased their target price on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Finally, Wall Street Zen raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $136.47.

Insider Buying and Selling

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the 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 transaction, the chief executive officer now owns 164,957 shares of the company’s stock, valued at $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by insiders.

Emerson Electric Stock Performance

Shares of EMR stock opened at $133.16 on Friday. The stock has a market capitalization of $74.90 billion, a P/E ratio of 31.86, a PEG ratio of 2.62 and a beta of 1.28. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42. The firm’s 50 day moving average is $118.27 and its 200 day moving average is $118.24. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.07. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. Emerson Electric’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.36 EPS. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.48%.

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.