CoreFirst Bank & Trust Sells 200 Shares of Emerson Electric Co. (NYSE:EMR)

CoreFirst Bank & Trust trimmed its position in Emerson Electric Co. (NYSE:EMR) by 6.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,726 shares of the industrial products company’s stock after selling 200 shares during the quarter. CoreFirst Bank & Trust’s holdings in Emerson Electric were worth $299,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Orion Capital Management LLC bought a new stake in shares of Emerson Electric during the fourth quarter worth approximately $25,000. Vega Investment Solutions bought a new stake in shares of Emerson Electric during the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Emerson Electric in the 4th quarter valued at $28,000. Inlight Wealth Management LLC acquired a new stake in shares of Emerson Electric during the first quarter worth $28,000. Finally, Fourth Dimension Wealth LLC lifted its stake in 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 during the period. 74.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EMR has been the subject of several analyst reports. Citigroup boosted their target price on Emerson Electric from $133.00 to $146.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Barclays upped their target price on shares of Emerson Electric from $112.00 to $118.00 and gave the company an “underweight” rating in a research note on Monday, June 9th. Wall Street Zen raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. JPMorgan Chase & Co. upped their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Finally, Wells Fargo & Company boosted their target price on Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $138.61.

Emerson Electric Stock Down 0.4%

Shares of EMR stock opened at $137.30 on Friday. The firm’s fifty day moving average price is $121.74 and its two-hundred day moving average price is $118.43. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $139.90. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $77.23 billion, a P/E ratio of 32.85, a PEG ratio of 2.71 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.07. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. Emerson Electric’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.36 earnings per share. On average, equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were issued a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.54%. Emerson Electric’s payout ratio is 50.48%.

Insider Transactions at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the sale, the chief executive officer owned 164,957 shares in the company, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.50% of the company’s stock.

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.