Emerson Electric Co. (NYSE:EMR) Shares Sold by Ledyard National Bank

Ledyard National Bank lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 5.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,602 shares of the industrial products company’s stock after selling 3,528 shares during the period. Ledyard National Bank’s holdings in Emerson Electric were worth $7,327,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blackston Financial Advisory Group LLC purchased a new position in Emerson Electric during the fourth quarter worth about $241,000. American National Bank & Trust Co. VA purchased a new position in Emerson Electric in the first quarter worth approximately $1,011,000. Vanguard Personalized Indexing Management LLC raised its position in Emerson Electric by 23.8% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 48,321 shares of the industrial products company’s stock valued at $4,703,000 after purchasing an additional 9,300 shares during the period. Capital Advisors Inc. OK grew its holdings in shares of Emerson Electric by 821.0% during the 4th quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock worth $8,393,000 after purchasing an additional 76,868 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new stake in Emerson Electric in the 4th quarter valued at about $3,358,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Down 1.4 %

Emerson Electric stock traded down $1.71 during trading on Thursday, reaching $116.54. The stock had a trading volume of 3,447,517 shares, compared to its average volume of 2,656,809. 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 $111.00 and a 200 day moving average price of $107.24. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. The stock has a market cap of $66.67 billion, a PE ratio of 6.24, a P/E/G ratio of 2.03 and a beta of 1.32.

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

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were issued a dividend of $0.525 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.80%. Emerson Electric’s payout ratio is currently 11.24%.

Analyst Ratings Changes

A number of brokerages have weighed in on EMR. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Monday. Mizuho boosted their target price on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. UBS Group raised their price target on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Robert W. Baird decreased their target price on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Finally, Citigroup lifted their target price on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $123.44.

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.