Emerson Electric Co. (NYSE:EMR) Shares Sold by Exchange Bank

Exchange Bank decreased its position in Emerson Electric Co. (NYSE:EMR) by 2.8% in the first quarter, Holdings Channel reports. The institutional investor owned 3,504 shares of the industrial products company’s stock after selling 100 shares during the period. Exchange Bank’s holdings in Emerson Electric were worth $397,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tobam increased its holdings in Emerson Electric by 2,275.0% in the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after buying an additional 273 shares in the last quarter. Security National Bank purchased a new position in Emerson Electric in the fourth quarter valued at $29,000. Cape Investment Advisory Inc. increased its stake in shares of Emerson Electric by 148.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares in the last quarter. Burkett Financial Services LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $32,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 1.4 %

Shares of EMR traded down $1.55 during midday trading on Wednesday, reaching $106.32. The stock had a trading volume of 602,222 shares, compared to its average volume of 2,659,707. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $116.76. The company’s fifty day simple moving average is $110.07 and its two-hundred day simple moving average is $105.42. The company has a market cap of $60.83 billion, a price-to-earnings ratio of 5.68, a PEG ratio of 1.80 and a beta of 1.33. 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 (NYSE:EMR) last announced its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the business earned $1.09 EPS. The company’s revenue was up 16.5% on a year-over-year basis. Equities research analysts expect that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.10 annualized dividend and a yield of 1.98%. Emerson Electric’s dividend payout ratio is currently 11.24%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Robert W. Baird cut their target price on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Bank of America increased their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, March 4th. Loop Capital increased their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Berenberg Bank increased their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Mizuho increased their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $122.76.

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.