Whittier Trust Co. of Nevada Inc. Buys 1,324 Shares of Emerson Electric Co. (NYSE:EMR)

Whittier Trust Co. of Nevada Inc. grew its stake in Emerson Electric Co. (NYSE:EMR) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,526 shares of the industrial products company’s stock after acquiring an additional 1,324 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Emerson Electric were worth $6,757,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of EMR. Stephens Consulting LLC bought a new position in shares of Emerson Electric in the fourth quarter worth about $25,000. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric during the fourth quarter valued at approximately $27,000. Darwin Wealth Management LLC bought a new position in Emerson Electric in the third quarter valued at approximately $29,000. YANKCOM Partnership bought a new position in Emerson Electric in the fourth quarter valued at approximately $30,000. Finally, Fiduciary Advisors Inc. bought a new stake in shares of Emerson Electric in the fourth quarter worth $35,000. 74.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EMR has been the topic of several analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. Loop Capital upped their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target on the stock. Morgan Stanley increased their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Finally, Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $136.22.

Emerson Electric Stock Down 0.6 %

Shares of NYSE EMR opened at $111.73 on Friday. The firm has a market cap of $63.00 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a 50 day simple moving average of $121.69 and a 200 day simple moving average of $118.97. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. On average, research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is 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.