Capital City Trust Co. FL Sells 333 Shares of Emerson Electric Co. (NYSE:EMR)

Capital City Trust Co. FL decreased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.1% during the fourth quarter, Holdings Channel reports. The firm owned 15,377 shares of the industrial products company’s stock after selling 333 shares during the quarter. Capital City Trust Co. FL’s holdings in Emerson Electric were worth $1,906,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new position in Emerson Electric in the third quarter worth approximately $25,000. Stephens Consulting LLC bought a new stake in shares of Emerson Electric during the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric during the 4th quarter valued at $27,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric during the 3rd quarter valued at $29,000. Finally, YANKCOM Partnership bought a new stake in shares of Emerson Electric during the 4th quarter valued at $30,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 2.3 %

Shares of EMR opened at $121.88 on Friday. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The company has a 50-day moving average of $125.08 and a 200 day moving average of $117.51. The firm has a market capitalization of $68.73 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 2.48 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. On average, research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.73%. Emerson Electric’s dividend payout ratio is currently 50.36%.

Wall Street Analyst Weigh In

EMR has been the topic of several recent analyst reports. KeyCorp raised their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Robert W. Baird raised their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. UBS Group began coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price for the company. Finally, BNP Paribas began coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $136.90.

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.