First National Trust Co Lowers Holdings in Emerson Electric Co. (NYSE:EMR)

First National Trust Co lessened its stake in Emerson Electric Co. (NYSE:EMR) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,630 shares of the industrial products company’s stock after selling 228 shares during the quarter. First National Trust Co’s holdings in Emerson Electric were worth $2,495,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Adage Capital Partners GP L.L.C. increased its stake in shares of Emerson Electric by 255.5% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 2,803,881 shares of the industrial products company’s stock valued at $270,771,000 after purchasing an additional 2,015,232 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Emerson Electric by 26.5% during the 4th quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock valued at $723,873,000 after buying an additional 1,558,903 shares in the last quarter. Schroder Investment Management Group grew its stake in Emerson Electric by 211.7% in the 3rd quarter. Schroder Investment Management Group now owns 2,003,099 shares of the industrial products company’s stock valued at $193,439,000 after acquiring an additional 1,360,477 shares during the period. Invesco Ltd. increased its holdings in Emerson Electric by 16.9% in the 3rd quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock worth $791,858,000 after acquiring an additional 1,184,202 shares in the last quarter. Finally, Morgan Stanley raised its position in Emerson Electric by 7.9% during the third quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock worth $1,327,876,000 after acquiring an additional 1,008,294 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 0.1 %

NYSE:EMR traded up $0.13 on Friday, reaching $106.54. 5,925,874 shares of the company’s stock were exchanged, compared to its average volume of 2,217,240. The business has a fifty day moving average of $110.58 and a 200-day moving average of $99.68. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. Emerson Electric Co. has a 52-week low of $76.94 and a 52-week high of $115.26. The firm has a market capitalization of $60.81 billion, a price-to-earnings ratio of 5.55, a price-to-earnings-growth ratio of 1.84 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The company had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the business earned $0.78 EPS. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. As a group, analysts expect that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 10.94%.

Insider Transactions at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the sale, the director now directly owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of research reports. UBS Group boosted their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Citigroup increased their target price on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a report on Monday, April 8th. KeyCorp lifted their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Berenberg Bank raised their price objective on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Barclays upped their target price on shares of Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.25.

Emerson Electric Company 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.