Legacy Private Trust Co. Boosts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Legacy Private Trust Co. increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 7.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,893 shares of the industrial products company’s stock after purchasing an additional 1,230 shares during the quarter. Legacy Private Trust Co.’s holdings in Emerson Electric were worth $2,341,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. First Hawaiian Bank grew its position in shares of Emerson Electric by 84.4% during the fourth quarter. First Hawaiian Bank now owns 5,891 shares of the industrial products company’s stock worth $730,000 after buying an additional 2,696 shares in the last quarter. Douglas Lane & Associates LLC lifted its position in shares of Emerson Electric by 16.3% during the 4th quarter. Douglas Lane & Associates LLC now owns 8,904 shares of the industrial products company’s stock worth $1,103,000 after purchasing an additional 1,245 shares during the last quarter. InvesTrust acquired a new position in shares of Emerson Electric during the fourth quarter worth $1,536,000. Fulton Bank N.A. increased its holdings in Emerson Electric by 32.4% in the fourth quarter. Fulton Bank N.A. now owns 9,002 shares of the industrial products company’s stock valued at $1,116,000 after buying an additional 2,205 shares during the last quarter. Finally, Diversified Trust Co raised its stake in Emerson Electric by 25.2% in the fourth quarter. Diversified Trust Co now owns 31,569 shares of the industrial products company’s stock valued at $3,912,000 after buying an additional 6,357 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EMR. Oppenheimer raised their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Royal Bank of Canada reduced their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Robert W. Baird boosted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Finally, UBS Group initiated coverage on Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.84.

Emerson Electric Stock Performance

EMR traded down $0.23 during trading on Wednesday, reaching $120.45. The company’s stock had a trading volume of 2,559,979 shares, compared to its average volume of 2,190,313. The company has a market capitalization of $68.60 billion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. The company’s fifty day moving average price is $126.43 and its 200-day moving average price is $114.62. Emerson Electric Co. has a 52-week low of $91.64 and a 52-week high of $134.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were given a $0.5275 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.75%. Emerson Electric’s dividend payout ratio is presently 61.70%.

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.