Capital City Trust Co. FL Boosts Position in Emerson Electric Co. $EMR

Capital City Trust Co. FL boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 5.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,366 shares of the industrial products company’s stock after acquiring an additional 887 shares during the quarter. Capital City Trust Co. FL’s holdings in Emerson Electric were worth $2,182,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC increased its position in Emerson Electric by 4.3% during the second quarter. Wealthcare Advisory Partners LLC now owns 21,133 shares of the industrial products company’s stock valued at $2,818,000 after acquiring an additional 869 shares during the last quarter. Hill Island Financial LLC purchased a new stake in Emerson Electric during the second quarter valued at $249,000. Compass Financial Group INC SD purchased a new stake in Emerson Electric during the second quarter valued at $215,000. Talbot Financial LLC increased its position in Emerson Electric by 32.8% in the second quarter. Talbot Financial LLC now owns 101,083 shares of the industrial products company’s stock worth $13,477,000 after buying an additional 24,941 shares in the last quarter. Finally, Clarius Group LLC increased its position in Emerson Electric by 7.7% in the second quarter. Clarius Group LLC now owns 12,537 shares of the industrial products company’s stock worth $1,672,000 after buying an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $134.79 on Friday. The stock has a 50 day moving average of $134.13 and a 200 day moving average of $124.64. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The firm has a market cap of $75.86 billion, a PE ratio of 28.99, a PEG ratio of 2.37 and a beta of 1.29. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42.

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

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.5275 dividend. 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 (DPR) is presently 45.38%.

Analysts Set New Price Targets

A number of brokerages have commented on EMR. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. Daiwa Capital Markets upped their price target on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft upped their price target on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday. Stephens upped 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. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a research report on Saturday, September 27th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $144.88.

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.