Fifth Third Bancorp Sells 8,411 Shares of Emerson Electric Co. $EMR

Fifth Third Bancorp trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 866,039 shares of the industrial products company’s stock after selling 8,411 shares during the period. Fifth Third Bancorp’s holdings in Emerson Electric were worth $134,323,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of EMR. Three Bridge Wealth Advisors LLC bought a new stake in shares of Emerson Electric in the third quarter worth about $127,000. Banyan Capital Management Inc. purchased a new stake in shares of Emerson Electric in the third quarter worth about $482,000. CFM Wealth Partners LLC boosted its stake in Emerson Electric by 16.6% during the third quarter. CFM Wealth Partners LLC now owns 1,690 shares of the industrial products company’s stock valued at $262,000 after buying an additional 240 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in Emerson Electric by 15.0% during the third quarter. Maryland State Retirement & Pension System now owns 34,824 shares of the industrial products company’s stock valued at $5,401,000 after buying an additional 4,555 shares during the last quarter. Finally, Pavion Blue Capital LLC purchased a new position in Emerson Electric during the 3rd quarter valued at approximately $209,000. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EMR has been the topic of a number of research reports. TD Cowen lifted their price objective on Emerson Electric from $150.00 to $170.00 and gave the stock a “hold” rating in a research note on Friday, September 25th. BMO Capital Markets raised Emerson Electric from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 1st. KeyCorp increased their target price on Emerson Electric from $170.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 5th. HSBC raised their target price on shares of Emerson Electric from $170.00 to $180.00 in a report on Thursday, August 6th. Finally, BNP Paribas Exane boosted their price target on shares of Emerson Electric from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, November 5th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.38.

Emerson Electric Price Performance

EMR opened at $167.18 on Thursday. The business has a fifty day moving average of $158.89 and a 200 day moving average of $147.90. The stock has a market cap of $91.72 billion, a P/E ratio of 34.98, a PEG ratio of 2.35 and a beta of 1.23. The company has a quick ratio of 0.70, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. Emerson Electric Co. has a 52-week low of $122.64 and a 52-week high of $172.00.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.01. Emerson Electric had a return on equity of 18.08% and a net margin of 14.15%. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.11 billion. During the same quarter last year, the firm posted $1.62 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 7.37 EPS for the current year.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 13th will be issued a $0.5950 dividend. The ex-dividend date is Friday, November 13th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.5550. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.4%. Emerson Electric’s dividend payout ratio (DPR) is currently 46.44%.

About Emerson Electric

Emerson Electric Co. is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software. The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.