Emerson Electric Co. (NYSE:EMR) Shares Sold by Whittier Trust Co.

Whittier Trust Co. cut its stake in Emerson Electric Co. (NYSE:EMR) by 3.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 99,111 shares of the industrial products company’s stock after selling 3,934 shares during the period. Whittier Trust Co.’s holdings in Emerson Electric were worth $10,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Security National Bank acquired a new position in Emerson Electric in the 4th quarter valued at $29,000. Cape Investment Advisory Inc. boosted its stake in shares of Emerson Electric by 148.0% in the 4th 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. Transcendent Capital Group LLC purchased a new stake in Emerson Electric during the first quarter valued at about $31,000. Burkett Financial Services LLC purchased a new position in Emerson Electric during the fourth quarter valued at $32,000. Finally, Tributary Capital Management LLC bought a new stake in Emerson Electric in the 1st quarter worth approximately $35,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on EMR. Mizuho increased 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. Redburn Atlantic initiated coverage on shares of Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 price objective for the company. 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. Barclays dropped their price objective on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Finally, Loop Capital upped their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.18.

Emerson Electric Trading Up 0.7 %

Shares of NYSE EMR traded up $0.77 during trading on Thursday, reaching $104.68. The stock had a trading volume of 1,105,024 shares, compared to its average volume of 2,669,171. The company has a market cap of $59.89 billion, a P/E ratio of 5.60, a PEG ratio of 1.93 and a beta of 1.32. The business’s 50-day moving average price is $109.63 and its 200-day moving average price is $109.95. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $119.53. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The business had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the prior year, the firm posted $1.29 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. On average, equities research 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 will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Friday, August 16th. Emerson Electric’s payout ratio is currently 11.24%.

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.