Emerson Electric Co. $EMR Stock Sold by Keybank National Association OH

Keybank National Association OH reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 15.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 840,563 shares of the industrial products company’s stock after selling 154,859 shares during the quarter. Keybank National Association OH’s holdings in Emerson Electric were worth $130,371,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new stake in Emerson Electric in the 2nd quarter valued at $6,193,425,000. State Street Corp boosted its position in Emerson Electric by 1.5% during the second quarter. State Street Corp now owns 27,678,497 shares of the industrial products company’s stock worth $3,962,177,000 after purchasing an additional 403,957 shares during the period. Bank of America Corp DE bought a new position in Emerson Electric during the second quarter worth $2,629,146,000. ABS Investment Management LLC acquired a new position in shares of Emerson Electric in the second quarter valued at $858,900,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Emerson Electric by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 6,315,661 shares of the industrial products company’s stock valued at $827,478,000 after purchasing an additional 117,513 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EMR. Sanford C. Bernstein increased their price objective on shares of Emerson Electric from $186.00 to $196.00 and gave the company an “outperform” rating in a research report on Thursday, November 5th. Rothschild & Co Redburn raised their target price on shares of Emerson Electric from $165.00 to $180.00 in a research note on Thursday, August 6th. TD Cowen lifted their target price on shares of Emerson Electric from $150.00 to $170.00 and gave the stock a “hold” rating in a report on Friday, September 25th. Stephens upped their price target on shares of Emerson Electric from $155.00 to $160.00 in a research note on Thursday, August 6th. Finally, Citigroup increased their price target on shares of Emerson Electric from $182.00 to $198.00 and gave the company a “buy” rating in a report on Thursday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.38.

Emerson Electric Stock Down 1.1%

EMR opened at $167.68 on Wednesday. The stock has a fifty day moving average of $158.50 and a 200-day moving average of $147.80. The company has a market capitalization of $93.91 billion, a P/E ratio of 25.80, a P/E/G ratio of 2.38 and a beta of 1.23. Emerson Electric Co. has a fifty-two week low of $122.64 and a fifty-two week high of $172.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.70 and a current ratio of 0.94.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, November 4th. The industrial products company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.85 by $0.01. Emerson Electric had a net margin of 14.15% and a return on equity of 18.08%. The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.11 billion. During the same period in the prior year, the company posted $1.62 earnings per share. Emerson Electric’s revenue was up .0% compared to the same quarter last year. On average, equities analysts expect that Emerson Electric Co. will post 7.35 EPS for the current year.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 13th will be issued a $0.5950 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.38 dividend on an annualized basis and a yield of 1.4%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.5550. Emerson Electric’s payout ratio is presently 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.