Nixon Peabody Trust Co. Makes New $645,000 Investment in Emerson Electric Co. (NYSE:EMR)

Nixon Peabody Trust Co. purchased a new position in Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,629 shares of the industrial products company’s stock, valued at approximately $645,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Advocates Investment Management lifted its position in Emerson Electric by 1.0% in the fourth quarter. Financial Advocates Investment Management now owns 10,208 shares of the industrial products company’s stock valued at $994,000 after buying an additional 101 shares during the last quarter. PFG Advisors boosted 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 worth $243,000 after purchasing an additional 108 shares during the period. Accel Wealth Management raised its position in Emerson Electric by 3.6% in the fourth quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock valued at $315,000 after purchasing an additional 114 shares during the period. Beaumont Financial Advisors LLC boosted its holdings in Emerson Electric by 5.3% during the 4th quarter. Beaumont Financial Advisors LLC now owns 2,278 shares of the industrial products company’s stock valued at $222,000 after acquiring an additional 114 shares during the period. Finally, Silverlake Wealth Management LLC grew 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 acquiring an additional 115 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Trading Up 0.8 %

Shares of EMR traded up $0.92 during mid-day trading on Friday, reaching $113.41. The company had a trading volume of 1,345,064 shares, compared to its average volume of 2,747,928. The stock has a market cap of $64.88 billion, a price-to-earnings ratio of 6.07, a price-to-earnings-growth ratio of 1.92 and a beta of 1.36. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $111.76 and a 200-day simple moving average of $101.84. Emerson Electric Co. has a fifty-two week low of $76.94 and a fifty-two week high of $116.76.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the previous year, the business posted $1.09 EPS. The business’s quarterly revenue was up 16.5% on a year-over-year basis. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, May 16th. Emerson Electric’s payout ratio is 11.24%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EMR. Robert W. Baird cut their price target on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th. Citigroup lifted their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Loop Capital increased their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, May 10th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Finally, Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and raised their target price for the stock from $123.00 to $138.00 in a research report on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $120.56.

Emerson Electric 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.