Hancock Whitney Corp Sells 31,470 Shares of Emerson Electric Co. (NYSE:EMR)

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Hancock Whitney Corp decreased its stake in Emerson Electric Co. (NYSE:EMR) by 54.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 25,978 shares of the industrial products company’s stock after selling 31,470 shares during the period. Hancock Whitney Corp’s holdings in Emerson Electric were worth $1,981,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. First Trust Advisors LP increased its stake in shares of Emerson Electric by 7.8% in the fourth quarter. First Trust Advisors LP now owns 1,816,395 shares of the industrial products company’s stock worth $138,518,000 after purchasing an additional 131,339 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Emerson Electric by 5.3% in the fourth quarter. California Public Employees Retirement System now owns 1,442,917 shares of the industrial products company’s stock worth $110,037,000 after purchasing an additional 72,730 shares in the last quarter. Rhumbline Advisers grew its stake in Emerson Electric by 0.5% during the fourth quarter. Rhumbline Advisers now owns 1,200,987 shares of the industrial products company’s stock valued at $91,587,000 after acquiring an additional 6,543 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in Emerson Electric by 2.0% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,053,965 shares of the industrial products company’s stock valued at $80,481,000 after acquiring an additional 20,187 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in Emerson Electric by 0.5% during the third quarter. California State Teachers Retirement System now owns 1,048,682 shares of the industrial products company’s stock valued at $70,115,000 after acquiring an additional 5,200 shares in the last quarter. 70.65% of the stock is currently owned by institutional investors and hedge funds.

In other Emerson Electric news, insider Robert T. Sharp sold 7,000 shares of Emerson Electric stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $76.13, for a total transaction of $532,910.00. Following the completion of the sale, the insider now directly owns 131,315 shares in the company, valued at $9,997,010.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.50% of the company’s stock.

Several brokerages recently commented on EMR. HSBC cut shares of Emerson Electric from a “hold” rating to a “reduce” rating and set a $64.00 price objective for the company. in a research note on Thursday, November 14th. ValuEngine cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. UBS Group began coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They set a “neutral” rating and a $78.00 price objective for the company. Credit Suisse Group raised shares of Emerson Electric from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Finally, Citigroup boosted their price objective on shares of Emerson Electric from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $76.42.

Shares of Emerson Electric stock opened at $73.51 on Friday. Emerson Electric Co. has a 1 year low of $55.98 and a 1 year high of $78.38. The firm has a market cap of $44.75 billion, a PE ratio of 21.00, a PEG ratio of 2.47 and a beta of 1.37. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 0.81. The company has a 50 day simple moving average of $75.78 and a two-hundred day simple moving average of $69.59.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. Emerson Electric had a net margin of 11.79% and a return on equity of 25.55%. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same period in the previous year, the business posted $0.74 earnings per share. Emerson Electric’s revenue for the quarter was up .1% on a year-over-year basis. As a group, research analysts anticipate that Emerson Electric Co. will post 3.68 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Friday, February 14th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, February 13th. This represents a $2.00 annualized dividend and a yield of 2.72%. Emerson Electric’s payout ratio is presently 54.20%.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR).

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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