Emerson Electric Co. $EMR Shares Sold by Legacy Private Trust Co.

Legacy Private Trust Co. lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 5.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,965 shares of the industrial products company’s stock after selling 1,173 shares during the period. Legacy Private Trust Co.’s holdings in Emerson Electric were worth $2,662,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $25,000. Vega Investment Solutions acquired a new position in Emerson Electric in the 4th quarter valued at $27,000. Saudi Central Bank purchased a new position in shares of Emerson Electric during the 1st quarter worth $25,000. Ameriflex Group Inc. purchased a new stake in shares of Emerson Electric in the fourth quarter valued at $30,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new position in Emerson Electric during the first quarter worth about $27,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on EMR. Barclays raised shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Citigroup upped their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Wells Fargo & Company lifted their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Finally, Stephens lifted their target price on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $142.39.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $135.19 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The business has a 50-day moving average of $137.38 and a 200-day moving average of $122.86. The company has a market capitalization of $76.08 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 2.63 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.01. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.43 earnings per share. On average, equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is currently 45.38%.

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.