484 Shares in Emerson Electric Co. (NYSE:EMR) Acquired by New Covenant Trust Company N.A.

New Covenant Trust Company N.A. acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 484 shares of the industrial products company’s stock, valued at approximately $55,000.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Emerson Electric during the fourth quarter worth $764,604,000. First Trust Advisors LP boosted its position in Emerson Electric by 219.2% during the 4th quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock worth $253,216,000 after acquiring an additional 1,786,583 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Emerson Electric by 12.5% during the 4th quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock worth $1,307,680,000 after purchasing an additional 1,488,948 shares in the last quarter. Clean Energy Transition LLP raised its stake in Emerson Electric by 110.7% in the 1st quarter. Clean Energy Transition LLP now owns 1,885,183 shares of the industrial products company’s stock valued at $213,817,000 after acquiring an additional 990,615 shares during the period. Finally, California Public Employees Retirement System grew its holdings in shares of Emerson Electric by 55.3% during the 4th quarter. California Public Employees Retirement System now owns 1,696,755 shares of the industrial products company’s stock worth $165,145,000 after purchasing an additional 604,407 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 4.0 %

Shares of EMR stock traded down $4.55 during mid-day trading on Friday, hitting $108.54. The company’s stock had a trading volume of 2,117,809 shares, compared to its average volume of 2,622,078. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53. The business has a 50-day moving average price of $111.41 and a 200 day moving average price of $108.67. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18. The stock has a market cap of $62.10 billion, a price-to-earnings ratio of 6.05, a PEG ratio of 2.00 and a beta of 1.32.

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

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were given a $0.525 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.93%. Emerson Electric’s dividend payout ratio is currently 11.24%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on EMR shares. Robert W. Baird lowered their price objective on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Mizuho boosted their price objective on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft upgraded Emerson Electric from a “hold” rating to a “buy” rating and boosted their target price for the company from $123.00 to $138.00 in a research note on Thursday, May 9th. Citigroup boosted their target price on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, Redburn Atlantic began coverage on Emerson Electric in a research note on Monday, July 8th. They set a “buy” rating and a $135.00 price objective on the stock. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.44.

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.