NBT Bank N A NY Decreases Stake in Emerson Electric Co. (NYSE:EMR)


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NBT Bank N A NY cut its holdings in Emerson Electric Co. (NYSE:EMR) by 13.7% during the first quarter, Holdings Channel reports. The institutional investor owned 15,204 shares of the industrial products company’s stock after selling 2,410 shares during the quarter. NBT Bank N A NY’s holdings in Emerson Electric were worth $1,371,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Wells Fargo & Company MN raised its holdings in Emerson Electric by 2.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,266,125 shares of the industrial products company’s stock worth $825,089,000 after purchasing an additional 273,272 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Emerson Electric by 9.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,674,789 shares of the industrial products company’s stock worth $697,193,000 after purchasing an additional 767,458 shares during the last quarter. Norges Bank acquired a new position in Emerson Electric during the fourth quarter worth $411,979,000. UBS Asset Management Americas Inc. raised its holdings in Emerson Electric by 27.0% during the fourth quarter. UBS Asset Management Americas Inc. now owns 3,058,573 shares of the industrial products company’s stock worth $245,818,000 after purchasing an additional 649,823 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Emerson Electric by 0.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,651,878 shares of the industrial products company’s stock worth $213,131,000 after purchasing an additional 15,173 shares during the last quarter. Hedge funds and other institutional investors own 73.59% of the company’s stock.

Emerson Electric stock opened at $91.94 on Friday. The firm has a market capitalization of $55.17 billion, a P/E ratio of 28.38, a PEG ratio of 2.46 and a beta of 1.55. The stock has a fifty day moving average price of $89.38 and a 200 day moving average price of $79.81. Emerson Electric Co. has a 52 week low of $46.34 and a 52 week high of $93.38. The company has a current ratio of 1.52, a quick ratio of 1.19 and a debt-to-equity ratio of 0.75.

Emerson Electric (NYSE:EMR) last released its earnings results on Monday, February 1st. The industrial products company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.15. Emerson Electric had a return on equity of 25.98% and a net margin of 11.71%. The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period in the prior year, the firm posted $0.67 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. As a group, equities analysts predict that Emerson Electric Co. will post 3.49 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Friday, February 12th were given a dividend of $0.505 per share. This represents a $2.02 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Thursday, February 11th. Emerson Electric’s dividend payout ratio (DPR) is presently 58.38%.

Several equities analysts recently issued reports on EMR shares. The Goldman Sachs Group raised Emerson Electric from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $89.00 to $97.00 in a report on Tuesday, January 19th. Gordon Haskett raised Emerson Electric from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a report on Tuesday, January 19th. Morgan Stanley boosted their price target on Emerson Electric from $71.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 3rd. JPMorgan Chase & Co. boosted their price target on Emerson Electric from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, February 4th. Finally, Barclays boosted their price target on Emerson Electric from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 6th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Emerson Electric currently has an average rating of “Buy” and an average price target of $87.21.

Emerson Electric Company Profile

Emerson Electric Co designs and manufactures technology and engineering products for industrial, commercial, and consumer markets worldwide. It operates through Automation Solutions and Commercial & Residential Solutions segments. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems.

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

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