American National Bank & Trust Co. VA Acquires New Position in Emerson Electric Co. (NYSE:EMR)

American National Bank & Trust Co. VA acquired a new stake in Emerson Electric Co. (NYSE:EMR) during the 1st quarter, Holdings Channel.com reports. The firm acquired 8,912 shares of the industrial products company’s stock, valued at approximately $1,011,000.

Other large investors have also bought and sold shares of the company. Tobam lifted 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 during the period. Security National Bank bought a new stake in Emerson Electric in the fourth quarter valued at approximately $29,000. Cape Investment Advisory Inc. increased its stake in Emerson Electric by 148.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 188 shares in the last quarter. Burkett Financial Services LLC bought a new stake in Emerson Electric in the fourth quarter valued at approximately $32,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in Emerson Electric in the fourth quarter valued at approximately $35,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

EMR stock traded up $0.29 during trading hours on Thursday, reaching $109.56. The stock had a trading volume of 1,074,795 shares, compared to its average volume of 2,281,336. The stock has a 50-day simple moving average of $109.98 and a 200 day simple moving average of $105.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. The stock has a market capitalization of $62.68 billion, a PE ratio of 5.86, a price-to-earnings-growth ratio of 1.86 and a beta of 1.32. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $116.76.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. The company had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. Emerson Electric’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.09 EPS. Analysts predict that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio is presently 11.24%.

Analysts Set New Price Targets

EMR has been the subject of several research reports. Robert W. Baird lowered their price objective on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. UBS Group increased their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Mizuho increased their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Wells Fargo & Company increased their target price on shares of Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a report on Wednesday, June 26th. Finally, Berenberg Bank increased their target price on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.76.

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.