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

Equitable Trust Co. reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,786 shares of the industrial products company’s stock after selling 748 shares during the period. Equitable Trust Co.’s holdings in Emerson Electric were worth $1,585,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Stephens Consulting LLC purchased a new stake in shares of Emerson Electric during the 4th quarter valued at about $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric during the 4th quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric during the 3rd quarter valued at about $25,000. YANKCOM Partnership purchased a new stake in shares of Emerson Electric during the 4th quarter valued at about $30,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric during the 3rd quarter valued at about $29,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 1.9 %

Shares of EMR stock opened at $126.71 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.54. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The stock has a fifty day moving average of $126.51 and a two-hundred day moving average of $116.80. The firm has a market capitalization of $72.17 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates 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, research analysts expect that Emerson Electric Co. will post 5.95 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 50.36%.

Wall Street Analyst Weigh In

Several research firms have issued reports on EMR. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Royal Bank of Canada restated an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. Daiwa Capital Markets began coverage on Emerson Electric in a report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective on the stock. Barclays lifted their price objective on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Finally, Robert W. Baird lifted their price objective on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $136.90.

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.