Missouri Trust & Investment Co Reduces Holdings in Emerson Electric Co. $EMR

Missouri Trust & Investment Co lowered its stake in Emerson Electric Co. (NYSE:EMR) by 1.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 6,749 shares of the industrial products company’s stock after selling 120 shares during the period. Missouri Trust & Investment Co’s holdings in Emerson Electric were worth $900,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. TD Private Client Wealth LLC raised its holdings in shares of Emerson Electric by 1.9% in the second quarter. TD Private Client Wealth LLC now owns 43,835 shares of the industrial products company’s stock worth $5,845,000 after acquiring an additional 805 shares during the last quarter. Foster Victor Wealth Advisors LLC boosted its stake in shares of Emerson Electric by 3.9% during the second quarter. Foster Victor Wealth Advisors LLC now owns 129,856 shares of the industrial products company’s stock valued at $18,154,000 after acquiring an additional 4,888 shares during the last quarter. Northside Capital Management LLC purchased a new stake in Emerson Electric during the 2nd quarter worth about $713,000. Norden Group LLC raised its stake in Emerson Electric by 7.8% in the 2nd quarter. Norden Group LLC now owns 3,659 shares of the industrial products company’s stock valued at $488,000 after purchasing an additional 266 shares during the last quarter. Finally, Accurate Wealth Management LLC grew its holdings in shares of Emerson Electric by 9.9% during the second quarter. Accurate Wealth Management LLC now owns 3,229 shares of the industrial products company’s stock worth $454,000 after buying an additional 292 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

EMR has been the topic of a number of analyst reports. Daiwa Capital Markets raised their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wells Fargo & Company lifted their price objective on Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Finally, KeyCorp increased their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $142.72.

Emerson Electric Stock Up 0.2%

Shares of NYSE:EMR opened at $131.77 on Thursday. The stock has a 50-day simple moving average of $136.16 and a 200-day simple moving average of $123.60. The stock has a market capitalization of $74.16 billion, a P/E ratio of 28.34, a PEG ratio of 2.49 and a beta of 1.30. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85.

Emerson Electric (NYSE:EMR) last posted 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 firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same quarter last year, the firm posted $1.43 earnings per share. Emerson Electric’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

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