Haverford Trust Co Has $5.79 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Haverford Trust Co trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,710 shares of the industrial products company’s stock after selling 310 shares during the period. Haverford Trust Co’s holdings in Emerson Electric were worth $5,789,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Howard Capital Management Group LLC grew its holdings in shares of Emerson Electric by 10.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 180 shares in the last quarter. Quest Partners LLC grew its stake in Emerson Electric by 664.7% in the third 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 in the last quarter. Great Valley Advisor Group Inc. raised its stake in shares of Emerson Electric by 20.3% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 22,657 shares of the industrial products company’s stock worth $2,478,000 after purchasing an additional 3,823 shares in the last quarter. Pitcairn Co. lifted its holdings in shares of Emerson Electric by 7.1% during the 3rd 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 during the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Emerson Electric by 130.0% in the 3rd 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 in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 2.1 %

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

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. As a group, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

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

Analyst Ratings Changes

A number of analysts have issued reports on EMR shares. KeyCorp lifted their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Citigroup initiated coverage on shares of Emerson Electric in a report on Monday, March 17th. They issued a “buy” rating and a $132.00 price objective for the company. Morgan Stanley boosted their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Loop Capital increased their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, Jefferies Financial Group started coverage on Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $136.22.

Emerson Electric Company 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.