Emerson Electric Co. $EMR Position Decreased by Thomasville National Bank

Thomasville National Bank cut its position in shares of Emerson Electric Co. (NYSE:EMR) by 3.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,980 shares of the industrial products company’s stock after selling 1,559 shares during the quarter. Thomasville National Bank’s holdings in Emerson Electric were worth $5,864,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Dominguez Wealth Management Solutions Inc. increased its stake in Emerson Electric by 0.4% in the second quarter. Dominguez Wealth Management Solutions Inc. now owns 22,556 shares of the industrial products company’s stock valued at $3,007,000 after acquiring an additional 84 shares during the period. Hohimer Wealth Management LLC increased its stake in Emerson Electric by 0.3% in the first quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company’s stock valued at $3,066,000 after acquiring an additional 95 shares during the period. Clearstead Trust LLC increased its stake in Emerson Electric by 7.4% in the first quarter. Clearstead Trust LLC now owns 1,406 shares of the industrial products company’s stock valued at $154,000 after acquiring an additional 97 shares during the period. One Wealth Advisors LLC increased its stake in Emerson Electric by 5.7% in the first quarter. One Wealth Advisors LLC now owns 1,846 shares of the industrial products company’s stock valued at $202,000 after acquiring an additional 99 shares during the period. Finally, J. W. Coons Advisors LLC increased its stake in Emerson Electric by 0.8% in the first quarter. J. W. Coons Advisors LLC now owns 13,000 shares of the industrial products company’s stock valued at $1,425,000 after acquiring an additional 100 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EMR. Barclays raised shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. 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 research note on Tuesday, July 1st. Stephens increased their price target on Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Citigroup increased their price target on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Finally, Bank of America increased their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $142.39.

Emerson Electric Price Performance

EMR opened at $132.36 on Friday. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The company’s 50 day simple moving average is $136.63 and its 200-day simple moving average is $123.29. The stock has a market capitalization of $74.49 billion, a P/E ratio of 28.46, a price-to-earnings-growth ratio of 2.50 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same period in the prior year, the firm earned $1.43 earnings per share. Emerson Electric’s revenue was up 3.9% compared to the same quarter last year. Sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s dividend 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.