Emerson Electric Co. (NYSE:EMR) Stock Position Reduced by TI Trust Inc.

TI Trust Inc. reduced its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 13,212 shares of the industrial products company’s stock after selling 133 shares during the quarter. Emerson Electric makes up about 1.0% of TI Trust Inc.’s investment portfolio, making the stock its 29th biggest position. TI Trust Inc.’s holdings in Emerson Electric were worth $1,449,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in EMR. Orion Capital Management LLC bought a new position in shares of Emerson Electric during the fourth quarter valued at approximately $25,000. Vega Investment Solutions bought a new position in Emerson Electric during the 4th quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Emerson Electric in the fourth quarter worth $28,000. Ameriflex Group Inc. bought a new stake in Emerson Electric in the fourth quarter valued at $30,000. Finally, Inlight Wealth Management LLC acquired a new position in shares of Emerson Electric during the first quarter valued at $28,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Down 1.0%

NYSE:EMR opened at $129.46 on Thursday. The stock has a 50-day simple moving average of $116.93 and a 200 day simple moving average of $118.20. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85. The company has a market cap of $72.82 billion, a PE ratio of 30.97, a PEG ratio of 2.59 and a beta of 1.28. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. The firm had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.36 EPS. On average, sell-side analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.63%. Emerson Electric’s dividend payout ratio is currently 50.48%.

Analyst Ratings Changes

Several research analysts have commented on EMR shares. KeyCorp upped their target price on shares of Emerson Electric from $125.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, June 13th. Citigroup increased their price target on Emerson Electric from $133.00 to $146.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Royal Bank Of Canada upped their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Wells Fargo & Company boosted their price target on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $136.47.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the sale, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.50% of the stock is owned by insiders.

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.