Ledyard National Bank Sells 12,739 Shares of Emerson Electric Co. (NYSE:EMR)

Ledyard National Bank trimmed its position in Emerson Electric Co. (NYSE:EMR) by 26.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 35,825 shares of the industrial products company’s stock after selling 12,739 shares during the quarter. Ledyard National Bank’s holdings in Emerson Electric were worth $4,440,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Stephens Consulting LLC bought a new position in Emerson Electric during the 4th quarter worth about $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric in the 4th quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new position in Emerson Electric during the third quarter valued at approximately $25,000. YANKCOM Partnership bought a new position in Emerson Electric in the fourth quarter worth approximately $30,000. Finally, Darwin Wealth Management LLC bought a new stake in Emerson Electric during the 3rd quarter valued at $29,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE EMR opened at $127.49 on Friday. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The firm has a market capitalization of $72.61 billion, a P/E ratio of 37.28, a PEG ratio of 2.22 and a beta of 1.34. The stock has a 50-day simple moving average of $126.78 and a two-hundred day simple moving average of $116.66.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 11.73% and a net margin of 11.25%. On average, equities analysts forecast that Emerson Electric Co. will post 5.91 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.65%. Emerson Electric’s payout ratio is 61.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Daiwa Capital Markets began coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target on the stock. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. BNP Paribas began coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target on the stock. Finally, Barclays increased their price objective on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $136.90.

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.