Emerson Electric Co. (NYSE:EMR) Position Trimmed by First American Trust FSB

First American Trust FSB lowered its stake in Emerson Electric Co. (NYSE:EMR) by 25.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 100,798 shares of the industrial products company’s stock after selling 35,126 shares during the period. Emerson Electric makes up about 1.2% of First American Trust FSB’s investment portfolio, making the stock its 21st largest holding. First American Trust FSB’s holdings in Emerson Electric were worth $12,492,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Howard Capital Management Group LLC increased its position in shares of Emerson Electric by 10.6% in the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 180 shares in the last quarter. Quest Partners LLC raised its stake in Emerson Electric by 664.7% during the 3rd quarter. Quest Partners LLC now owns 3,357 shares of the industrial products company’s stock valued at $367,000 after purchasing an additional 2,918 shares during the period. Great Valley Advisor Group Inc. lifted its holdings in shares of Emerson Electric by 20.3% in the third quarter. Great Valley Advisor Group Inc. now owns 22,657 shares of the industrial products company’s stock valued at $2,478,000 after purchasing an additional 3,823 shares in the last quarter. Pitcairn Co. grew its holdings in shares of Emerson Electric by 7.1% during the third quarter. Pitcairn Co. now owns 8,417 shares of the industrial products company’s stock valued at $921,000 after buying an additional 560 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in Emerson Electric by 130.0% during the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock valued at $1,044,000 after buying an additional 5,393 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. KeyCorp raised their price objective on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Loop Capital raised their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective on the stock. Citigroup assumed coverage on shares of Emerson Electric in a research note on Monday, March 17th. They set a “buy” rating and a $132.00 target price for the company. Finally, JPMorgan Chase & Co. dropped their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $136.22.

Emerson Electric Trading Up 2.1 %

Shares of Emerson Electric stock opened at $115.44 on Tuesday. The stock has a market capitalization of $65.09 billion, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The company has a 50-day simple moving average of $121.53 and a 200 day simple moving average of $119.38.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) 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%. Research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.83%. Emerson Electric’s payout ratio is 50.36%.

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.