Stock Yards Bank & Trust Co. Has $3.15 Million Position in Emerson Electric Co. (NYSE:EMR)

Stock Yards Bank & Trust Co. lessened its position in Emerson Electric Co. (NYSE:EMR) by 22.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 32,399 shares of the industrial products company’s stock after selling 9,635 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Emerson Electric were worth $3,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of EMR. Tobam grew its position in shares of 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 acquiring an additional 273 shares during the period. Tennessee Valley Asset Management Partners bought a new position in shares of Emerson Electric in the 4th quarter valued at about $35,000. Morton Brown Family Wealth LLC bought a new position in shares of Emerson Electric in the 4th quarter valued at about $39,000. MCF Advisors LLC grew its position in shares of Emerson Electric by 1,484.6% in the 4th quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 386 shares during the period. Finally, Authentikos Wealth Advisory LLC bought a new stake in shares of Emerson Electric during the 3rd quarter worth about $42,000. Institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EMR shares. KeyCorp lifted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Berenberg Bank lifted their target price on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. UBS Group lifted 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. Barclays lifted their target price on shares of Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Finally, Mizuho boosted their price objective on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $116.25.

Insider Activity

In other news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the sale, the director now directly owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.25% of the company’s stock.

Emerson Electric Trading Up 0.0 %

Shares of NYSE EMR opened at $108.63 on Tuesday. The firm has a 50 day moving average price of $110.06 and a two-hundred day moving average price of $98.94. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. Emerson Electric Co. has a 52-week low of $76.94 and a 52-week high of $115.26. The stock has a market cap of $62.01 billion, a P/E ratio of 5.66, a price-to-earnings-growth ratio of 1.88 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 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 company had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the firm posted $0.78 EPS. The company’s quarterly revenue was up 22.1% on a year-over-year basis. As a group, equities analysts forecast 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 $0.525 dividend. 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 dividend payout ratio is currently 10.94%.

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.