Emerson Electric Co. (NYSE:EMR) Shares Sold by First National Bank & Trust Co. of Newtown

First National Bank & Trust Co. of Newtown trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,340 shares of the industrial products company’s stock after selling 770 shares during the period. First National Bank & Trust Co. of Newtown’s holdings in Emerson Electric were worth $1,882,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Waverly Advisors LLC grew its stake in Emerson Electric by 100.2% in the 3rd quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock valued at $1,460,000 after acquiring an additional 7,565 shares during the last quarter. Blackston Financial Advisory Group LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $241,000. FMR LLC boosted its stake in shares of Emerson Electric by 1.3% during the 3rd quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock worth $312,278,000 after purchasing an additional 41,263 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Emerson Electric during the 3rd quarter worth about $320,000. Finally, Capital Advisors Inc. OK boosted its stake in shares of Emerson Electric by 821.0% during the 4th quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock worth $8,393,000 after purchasing an additional 76,868 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mark A. Blinn sold 2,413 shares of the firm’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 sale, the director now owns 9,591 shares of the company’s stock, valued at $989,599.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.25% of the company’s stock.

Emerson Electric Trading Up 0.1 %

NYSE EMR traded up $0.07 during mid-day trading on Friday, hitting $109.38. The company’s stock had a trading volume of 730,436 shares, compared to its average volume of 2,632,178. The firm has a market capitalization of $62.43 billion, a P/E ratio of 5.69, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37. The stock’s fifty day simple moving average is $109.87 and its two-hundred day simple moving average is $98.69. Emerson Electric Co. has a 52-week low of $76.94 and a 52-week high of $115.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. The company had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 earnings per share. Research analysts expect that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were paid 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 dividend yield of 1.92%. Emerson Electric’s dividend payout ratio is currently 10.94%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on EMR shares. Mizuho raised their price target on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Bank of America raised their price target on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Royal Bank of Canada raised their price target on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. KeyCorp raised their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, UBS Group raised their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $116.25.

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.