First Trust Direct Indexing L.P. Acquires 2,577 Shares of Emerson Electric Co. (NYSE:EMR)

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

Several other institutional investors have also made changes to their positions in EMR. Cornerstone Wealth Management LLC grew its stake in shares of Emerson Electric by 2.6% in the 1st quarter. Cornerstone Wealth Management LLC now owns 46,516 shares of the industrial products company’s stock valued at $5,276,000 after purchasing an additional 1,198 shares during the period. Massachusetts Wealth Management raised its stake in Emerson Electric by 5.2% during the first quarter. Massachusetts Wealth Management now owns 16,246 shares of the industrial products company’s stock worth $1,843,000 after acquiring an additional 800 shares in the last quarter. DMC Group LLC boosted its stake in shares of Emerson Electric by 7.0% in the 1st quarter. DMC Group LLC now owns 4,226 shares of the industrial products company’s stock valued at $479,000 after purchasing an additional 278 shares in the last quarter. Norden Group LLC acquired a new stake in shares of Emerson Electric during the 1st quarter worth about $4,188,000. Finally, Community Bank & Trust Waco Texas acquired a new position in shares of Emerson Electric in the 1st quarter worth approximately $231,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Up 0.3 %

Emerson Electric stock opened at $109.56 on Friday. The firm has a market capitalization 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’s 50 day simple moving average is $109.98 and its 200 day simple moving average is $106.02. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $116.76.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share 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 analysts’ expectations of $4.29 billion. During the same period last year, the firm posted $1.09 earnings per share. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio is currently 11.24%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EMR shares. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Barclays upped their price target on shares of Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. Loop Capital boosted their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. UBS Group increased their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Finally, Citigroup boosted their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $122.76.

About Emerson Electric

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.