Stock Yards Bank & Trust Co. Reduces Stock Position in Emerson Electric Co. (NYSE:EMR)

Stock Yards Bank & Trust Co. lowered its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,985 shares of the industrial products company’s stock after selling 1,395 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Emerson Electric were worth $3,083,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Gilbert & Cook Inc. raised its holdings in shares of Emerson Electric by 4.8% in the fourth quarter. Gilbert & Cook Inc. now owns 4,332 shares of the industrial products company’s stock valued at $422,000 after acquiring an additional 199 shares in the last quarter. Gryphon Financial Partners LLC raised its holdings in shares of Emerson Electric by 12.8% in the fourth quarter. Gryphon Financial Partners LLC now owns 6,380 shares of the industrial products company’s stock valued at $619,000 after acquiring an additional 722 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of Emerson Electric by 3.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 13,210 shares of the industrial products company’s stock valued at $1,286,000 after acquiring an additional 449 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Emerson Electric by 6.3% in the fourth quarter. Clearbridge Investments LLC now owns 968,561 shares of the industrial products company’s stock valued at $94,270,000 after acquiring an additional 57,028 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of Emerson Electric by 1.0% in the fourth quarter. D.A. Davidson & CO. now owns 96,483 shares of the industrial products company’s stock valued at $9,391,000 after acquiring an additional 991 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR stock opened at $103.95 on Wednesday. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $119.53. The firm has a market capitalization of $59.47 billion, a price-to-earnings ratio of 5.56, a PEG ratio of 1.66 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The stock’s 50-day simple moving average is $107.55 and its 200-day simple moving average is $109.54.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The firm had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. Emerson Electric’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.29 earnings per share. As a group, equities analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio is currently 11.24%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EMR. Barclays decreased their price objective on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Morgan Stanley initiated coverage on shares of Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. Royal Bank of Canada reduced their target price on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Redburn Atlantic initiated coverage on shares of Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 target price for the company. Finally, Robert W. Baird boosted their target price on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $124.29.

About Emerson Electric

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.