OLD National Bancorp IN Has $3.56 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

OLD National Bancorp IN decreased its stake in Emerson Electric Co. (NYSE:EMR) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,579 shares of the industrial products company’s stock after selling 935 shares during the period. OLD National Bancorp IN’s holdings in Emerson Electric were worth $3,560,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in EMR. Tobam increased its position in Emerson Electric by 2,275.0% in the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after buying an additional 273 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new position in Emerson Electric during the 4th quarter worth approximately $35,000. Morton Brown Family Wealth LLC acquired a new position in Emerson Electric during the 4th quarter worth approximately $39,000. Authentikos Wealth Advisory LLC acquired a new position in Emerson Electric during the 3rd quarter worth approximately $42,000. Finally, Rational Advisors LLC acquired a new position in Emerson Electric during the 3rd quarter worth approximately $42,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Up 0.0 %

Shares of EMR stock opened at $108.63 on Tuesday. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $115.26. The firm has a fifty day moving average price of $110.06 and a 200-day moving average price of $98.94. 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 company has a market cap of $62.01 billion, a price-to-earnings ratio of 5.66, a PEG ratio of 1.88 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last issued 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. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The firm had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, equities analysts predict that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s payout ratio is 10.94%.

Insider Activity at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction 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 transaction, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.25% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

EMR has been the topic of a number of research reports. Bank of America upped their price target on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Mizuho boosted their price objective on Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Citigroup boosted their price objective on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. KeyCorp boosted their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Finally, UBS Group upped their target price on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.