First National Trust Co Decreases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

First National Trust Co trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.4% during the 4th quarter, Holdings Channel reports. The fund owned 20,849 shares of the industrial products company’s stock after selling 296 shares during the period. First National Trust Co’s holdings in Emerson Electric were worth $2,584,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of EMR. Wilmington Savings Fund Society FSB raised its holdings in Emerson Electric by 120.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock valued at $6,162,000 after buying an additional 30,741 shares during the period. Geode Capital Management LLC raised its holdings in Emerson Electric by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after buying an additional 162,985 shares during the period. Larson Financial Group LLC raised its holdings in Emerson Electric by 130.0% during the 3rd quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock valued at $1,044,000 after buying an additional 5,393 shares during the period. GHP Investment Advisors Inc. raised its holdings in Emerson Electric by 8.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock valued at $10,187,000 after buying an additional 6,321 shares during the period. Finally, Howland Capital Management LLC raised its holdings in Emerson Electric by 13.0% during the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company’s stock valued at $3,283,000 after buying an additional 3,054 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on EMR shares. Wells Fargo & Company increased their price target on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Daiwa Capital Markets assumed coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price on the stock. Morgan Stanley increased their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. reduced their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, KeyCorp increased their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $136.28.

Emerson Electric Price Performance

EMR opened at $112.11 on Friday. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The business’s fifty day simple moving average is $122.37 and its 200-day simple moving average is $118.75. The company has a market capitalization of $63.22 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, equities research 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 disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s payout ratio is currently 50.36%.

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.