Whittier Trust Co. Decreases Stock Holdings in Emerson Electric Co. $EMR

Whittier Trust Co. trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,540 shares of the industrial products company’s stock after selling 1,727 shares during the quarter. Whittier Trust Co.’s holdings in Emerson Electric were worth $12,872,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Impact Capital Partners LLC lifted its stake in Emerson Electric by 3.9% in the 2nd quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 71 shares in the last quarter. Jag Capital Management LLC increased its holdings in shares of Emerson Electric by 1.9% during the 2nd quarter. Jag Capital Management LLC now owns 3,954 shares of the industrial products company’s stock worth $527,000 after buying an additional 72 shares during the last quarter. Beacon Financial Advisory LLC increased its holdings in shares of Emerson Electric by 2.9% during the 2nd quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company’s stock worth $369,000 after buying an additional 77 shares during the last quarter. Petros Family Wealth LLC increased its holdings in shares of Emerson Electric by 0.9% during the 2nd quarter. Petros Family Wealth LLC now owns 9,319 shares of the industrial products company’s stock worth $1,243,000 after buying an additional 80 shares during the last quarter. Finally, Orca Investment Management LLC increased its holdings in shares of Emerson Electric by 2.0% during the 2nd quarter. Orca Investment Management LLC now owns 4,190 shares of the industrial products company’s stock worth $559,000 after buying an additional 81 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EMR shares. Daiwa Capital Markets raised their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Citigroup raised their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Finally, KeyCorp lifted their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $148.28.

Emerson Electric Stock Up 1.5%

Emerson Electric stock opened at $132.29 on Wednesday. The firm has a 50 day moving average price of $131.88 and a 200 day moving average price of $126.36. The company has a market capitalization of $74.45 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 2.25 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The business had revenue of $3.16 billion during the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. Research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.5275 dividend. 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 payout ratio is 45.38%.

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.