Emerson Electric Co. $EMR Shares Sold by Whittier Trust Co.

Whittier Trust Co. reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 96,540 shares of the industrial products company’s stock after selling 1,727 shares during the period. Whittier Trust Co.’s holdings in Emerson Electric were worth $12,872,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EMR. Brighton Jones LLC grew its position in Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock worth $1,412,000 after purchasing an additional 4,850 shares during the period. GAMMA Investing LLC grew its position in Emerson Electric by 16.8% during the 1st quarter. GAMMA Investing LLC now owns 10,274 shares of the industrial products company’s stock worth $1,126,000 after purchasing an additional 1,479 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in Emerson Electric by 4.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 16,124 shares of the industrial products company’s stock worth $1,768,000 after purchasing an additional 758 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Emerson Electric by 17.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 152,407 shares of the industrial products company’s stock worth $16,710,000 after purchasing an additional 22,923 shares during the period. Finally, Valmark Advisers Inc. grew its position in Emerson Electric by 4.2% during the 1st quarter. Valmark Advisers Inc. now owns 8,900 shares of the industrial products company’s stock worth $976,000 after purchasing an additional 362 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Trading Up 1.5%

Shares of Emerson Electric stock opened at $132.29 on Wednesday. The firm has a market capitalization of $74.45 billion, a PE ratio of 28.45, a P/E/G ratio of 2.25 and a beta of 1.29. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The firm’s 50-day moving average price is $131.88 and its 200 day moving average price is $126.36. 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 issued its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The firm had revenue of $3.16 billion for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. On average, sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s dividend payout ratio (DPR) is 45.38%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EMR. Jefferies Financial Group dropped their target price on Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Bank of America raised their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Citigroup raised their target price on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, July 14th. JPMorgan Chase & Co. raised their target price on Emerson Electric from $135.00 to $151.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $140.00 target price (down from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.