Equitable Trust Co. Buys 1,226 Shares of Emerson Electric Co. (NYSE:EMR)

Equitable Trust Co. grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 10.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,744 shares of the industrial products company’s stock after buying an additional 1,226 shares during the quarter. Equitable Trust Co.’s holdings in Emerson Electric were worth $1,404,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank bought a new stake in Emerson Electric in the fourth quarter worth approximately $764,604,000. First Trust Advisors LP lifted its position in shares of 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 valued at $253,216,000 after acquiring an additional 1,786,583 shares during the period. Wellington Management Group LLP raised its holdings in shares of Emerson Electric by 12.5% during the fourth quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock valued at $1,307,680,000 after purchasing an additional 1,488,948 shares during the period. Swedbank AB acquired a new position in Emerson Electric during the 1st quarter worth approximately $129,670,000. Finally, Clean Energy Transition LLP grew its stake in Emerson Electric by 110.7% in the first 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. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Up 1.2 %

Shares of NYSE:EMR opened at $105.39 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The firm has a fifty day moving average of $109.40 and a 200 day moving average of $109.94. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53. The firm has a market capitalization of $60.29 billion, a PE ratio of 5.64, a price-to-earnings-growth ratio of 1.75 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.01. The business had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. Emerson Electric’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.29 earnings per share. As a group, research analysts anticipate that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th will be issued a $0.525 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.99%. Emerson Electric’s dividend payout ratio is currently 11.24%.

Analyst Ratings Changes

A number of research firms have weighed in on EMR. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and increased their target price for the company from $123.00 to $138.00 in a report on Thursday, May 9th. Barclays reduced their price objective on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Royal Bank of Canada cut their target price on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Oppenheimer dropped their price target on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $125.18.

Emerson Electric 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.