Members Trust Co Takes $295,000 Position in Emerson Electric Co. $EMR

Members Trust Co acquired a new stake in Emerson Electric Co. (NYSE:EMR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,216 shares of the industrial products company’s stock, valued at approximately $295,000.

Other institutional investors have also modified their holdings of the company. Saudi Central Bank acquired a new stake in shares of Emerson Electric in the first quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric in the first quarter valued at $27,000. Fourth Dimension Wealth LLC grew its stake in shares of Emerson Electric by 145.3% in the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock valued at $29,000 after buying an additional 154 shares in the last quarter. PFS Partners LLC boosted its holdings in Emerson Electric by 65.9% in the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 108 shares during the period. Finally, Princeton Global Asset Management LLC purchased a new position in Emerson Electric in the second quarter valued at $38,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Up 1.5%

Shares of NYSE EMR opened at $132.29 on Wednesday. The company has a market capitalization of $74.45 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 2.25 and a beta of 1.29. 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 business has a 50-day moving average of $131.88 and a two-hundred day moving average of $126.36. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27.

Emerson Electric (NYSE:EMR) last posted its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The business had revenue of $3.16 billion during the quarter. On average, analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued 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 payout ratio is presently 45.38%.

Analyst Ratings Changes

EMR has been the subject of a number of recent research reports. Stephens lifted their target price on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Jefferies Financial Group decreased their target price on Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft lifted their target price on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Finally, Citigroup lifted their target price on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $148.28.

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.