Emerson Electric Co. (NYSE:EMR) Shares Sold by Equitable Trust Co.

Equitable Trust Co. trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,786 shares of the industrial products company’s stock after selling 748 shares during the quarter. Equitable Trust Co.’s holdings in Emerson Electric were worth $1,585,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB boosted its holdings in shares of Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock valued at $6,162,000 after acquiring an additional 30,741 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Emerson Electric by 1.4% in the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after acquiring an additional 162,985 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Emerson Electric by 130.0% in the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock valued at $1,044,000 after acquiring an additional 5,393 shares during the period. GHP Investment Advisors Inc. boosted its holdings in shares of Emerson Electric by 8.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock valued at $10,187,000 after acquiring an additional 6,321 shares during the period. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Emerson Electric by 82.0% in the third quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company’s stock valued at $435,000 after acquiring an additional 1,792 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EMR has been the subject of several research analyst reports. Loop Capital increased their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Wells Fargo & Company increased their price target on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. decreased their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Robert W. Baird increased their price target on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, UBS Group initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $136.90.

Emerson Electric Stock Up 1.9 %

EMR opened at $126.71 on Tuesday. The business’s fifty day simple moving average is $126.51 and its 200 day simple moving average is $116.80. The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The firm has a market cap of $72.17 billion, a P/E ratio of 30.24, a PEG ratio of 2.16 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. As a group, equities research analysts anticipate that Emerson Electric Co. will post 5.95 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

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.