Chevy Chase Trust Holdings LLC Decreases Stock Position in Emerson Electric Co. (NYSE:EMR)

Chevy Chase Trust Holdings LLC trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 324,833 shares of the industrial products company’s stock after selling 4,467 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.06% of Emerson Electric worth $36,843,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in EMR. Norges Bank purchased a new stake in shares of Emerson Electric during the 4th quarter valued at about $764,604,000. First Trust Advisors LP grew its stake in Emerson Electric by 219.2% in the 4th quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock worth $253,216,000 after acquiring an additional 1,786,583 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Emerson Electric by 26.5% during the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock valued at $723,873,000 after purchasing an additional 1,558,903 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Emerson Electric by 12.5% during the fourth quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock valued at $1,307,680,000 after purchasing an additional 1,488,948 shares in the last quarter. Finally, Clean Energy Transition LLP bought a new position in shares of Emerson Electric during the fourth quarter valued at approximately $87,068,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Up 1.3 %

Shares of EMR stock traded up $1.42 during trading on Wednesday, reaching $111.01. The company’s stock had a trading volume of 796,763 shares, compared to its average volume of 2,638,370. 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 1-year low of $83.10 and a 1-year high of $116.76. The company has a market capitalization of $63.51 billion, a price-to-earnings ratio of 5.94, a P/E/G ratio of 1.88 and a beta of 1.32. The stock’s 50-day moving average price is $110.01 and its 200 day moving average price is $106.46.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. Emerson Electric’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, research analysts anticipate that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were issued a $0.525 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.89%. Emerson Electric’s dividend payout ratio is presently 11.24%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EMR shares. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. UBS Group increased their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Barclays raised their price target on shares of Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Citigroup raised their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, Mizuho raised their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.44.

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.