UMB Bank n.a. Sells 14,720 Shares of Emerson Electric Co. (NYSE:EMR)

UMB Bank n.a. reduced its position in shares of Emerson Electric Co. (NYSE:EMRFree Report) by 13.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 96,888 shares of the industrial products company’s stock after selling 14,720 shares during the quarter. UMB Bank n.a.’s holdings in Emerson Electric were worth $9,430,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the business. PFG Advisors lifted its position in shares of Emerson Electric by 4.5% during the 4th quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock valued at $243,000 after acquiring an additional 108 shares during the period. Capstone Triton Financial Group LLC raised its holdings in shares of Emerson Electric by 1.0% during the third quarter. Capstone Triton Financial Group LLC now owns 11,747 shares of the industrial products company’s stock valued at $1,134,000 after purchasing an additional 113 shares during the period. Accel Wealth Management grew its stake in shares of Emerson Electric by 3.6% in the 4th quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock valued at $315,000 after buying an additional 114 shares during the period. Silverlake Wealth Management LLC increased its position in Emerson Electric by 2.8% in the 4th quarter. Silverlake Wealth Management LLC now owns 4,256 shares of the industrial products company’s stock valued at $414,000 after buying an additional 115 shares in the last quarter. Finally, Cooper Financial Group boosted its holdings in Emerson Electric by 2.4% in the fourth quarter. Cooper Financial Group now owns 5,019 shares of the industrial products company’s stock worth $488,000 after acquiring an additional 120 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Mark A. Blinn sold 2,413 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the transaction, the director now owns 9,591 shares of the company’s stock, valued at $989,599.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.25% of the company’s stock.

Emerson Electric Stock Performance

NYSE:EMR opened at $113.34 on Wednesday. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $114.11. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. The business has a fifty day simple moving average of $105.45 and a two-hundred day simple moving average of $97.31. The company has a market capitalization of $64.69 billion, a P/E ratio of 5.90, a P/E/G ratio of 1.97 and a beta of 1.37.

Emerson Electric (NYSE:EMRGet Free Report) last released its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.04 by $0.18. The business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The company’s revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 earnings per share. On average, analysts expect that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a dividend of $0.525 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a yield of 1.85%. Emerson Electric’s dividend payout ratio (DPR) is 10.94%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Bank of America upped their target price on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. UBS Group upped their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Mizuho lifted their price target on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. KeyCorp increased their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Finally, Royal Bank of Canada upped their price target on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $113.56.

Read Our Latest Analysis on Emerson Electric

About Emerson Electric

(Free Report)

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.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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