Maridea Wealth Management LLC Invests $233,000 in Emerson Electric Co. (NYSE:EMR)\n\nKey Points\n* Maridea Wealth Management LLC has invested approximately **$233,000** in Emerson Electric Co. by acquiring **2,124 shares** of the company's stock in the first quarter.\n* Several institutional investors have significantly increased their stakes in Emerson Electric, with Lazard Asset Management raising its position by an astonishing **230,061.8%** in the fourth quarter.\n* Emerson Electric has received multiple price target upgrades from analysts, with Wells Fargo raising their target from **$135.00 to $150.00** and Citigroup increasing theirs from **$146.00 to $165.00**.\n\n\nEmerson Electric Co. ( - ) has been the subject of several recent research reports. Barclays raised their price target on Emerson Electric from $118.00 to $125.00 and gave the stock an \"underweight\" rating in a research report on Wednesday, July 9th. Stephens raised their price target on Emerson Electric from $130.00 to $145.00 and gave the stock an \"equal weight\" rating in a research report on Wednesday, July 16th. Wells Fargo & Company raised their price target on Emerson Electric from $135.00 to $150.00 and gave the stock an \"overweight\" rating in a research report on Tuesday, July 1st. Royal Bank Of Canada raised their price target on Emerson Electric from $123.00 to $124.00 and gave the stock an \"outperform\" rating in a research report on Thursday, May 8th. Finally, Citigroup lifted their price objective on Emerson Electric from $146.00 to $165.00 and gave the company a \"buy\" rating in a research report on Monday, July 14th.\n\nTwo equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of \"Moderate Buy\" and a consensus target price of $142.28.\n\n\nIn other Emerson Electric news, CEO sold 16,698 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the transaction, the chief executive officer owned 164,957 shares in the company, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through .\n\n\nEmerson Electric Price Performance\nShares of opened at $149.47 on Tuesday. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $149.84. The stock has a market capitalization of $84.08 billion, a P/E ratio of 35.76, a PEG ratio of 2.90 and a beta of 1.29. 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 business's fifty day moving average price is $131.42 and its 200 day moving average price is $120.60.\n\nEmerson Electric ( - ) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The firm had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.42 billion. During the same quarter last year, the firm earned $1.36 earnings per share. The firm's revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.\n\n\nEmerson Electric Announces Dividend\nThe company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's payout ratio is currently 50.48%.\n\n\nAbout Emerson Electric ()\nEmerson 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.\n\n\nEmerson Electric Co. (NYSE:EMR) has a twelve month low of $90.06 and a twelve month high of $149.84. The stock has a market capitalization of $84.08 billion, a P/E ratio of 35.76, a PEG ratio of 2.90 and a beta of 1.29. 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 business's fifty day moving average price is $131.42 and its 200 day moving average price is $120.60.

Maridea Wealth Management LLC Invests $233,000 in Emerson Electric Co. (NYSE:EMR)

Maridea Wealth Management LLC invested $233,000 in Emerson Electric by acquiring 2,124 shares. Institutional investors like Lazard Asset Management increased their stakes significantly, while analysts raised price targets for the company. Emerson Electric also reported earnings above expectations and announced a quarterly dividend.