CENTRAL TRUST Co Sells 2,476 Shares of Emerson Electric Co. (NYSE:EMR)

CENTRAL TRUST Co lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 2.8% in the third quarter, HoldingsChannel.com reports. The fund owned 84,502 shares of the industrial products company’s stock after selling 2,476 shares during the period. CENTRAL TRUST Co’s holdings in Emerson Electric were worth $9,242,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of EMR. Transcendent Capital Group LLC bought a new stake in shares of Emerson Electric during the 1st quarter valued at about $31,000. Meeder Asset Management Inc. boosted its position in shares of Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 235 shares during the last quarter. Tributary Capital Management LLC bought a new stake in shares of Emerson Electric during the 1st quarter valued at about $35,000. Versant Capital Management Inc boosted its position in shares of Emerson Electric by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 269 shares during the last quarter. Finally, Matrix Trust Co bought a new stake in shares of Emerson Electric during the 3rd quarter valued at about $44,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

EMR opened at $108.51 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53. The stock has a market capitalization of $62.08 billion, a PE ratio of 5.81, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30. The stock’s 50 day moving average price is $106.01 and its 200-day moving average price is $109.09.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The firm had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the firm earned $1.29 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts predict that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.94%. Emerson Electric’s dividend payout ratio is presently 11.24%.

Analyst Ratings Changes

A number of research firms recently weighed in on EMR. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Robert W. Baird boosted their target price on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Barclays dropped their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Royal Bank of Canada dropped their target price on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $125.47.

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.