First Interstate Bank Sells 1,734 Shares of Emerson Electric Co. (NYSE:EMR)

First Interstate Bank lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 5.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 30,833 shares of the industrial products company’s stock after selling 1,734 shares during the quarter. First Interstate Bank’s holdings in Emerson Electric were worth $3,001,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Tobam increased its stake in Emerson Electric by 2,275.0% in the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 273 shares during the period. Resurgent Financial Advisors LLC purchased a new stake in Emerson Electric in the fourth quarter worth $32,000. Certified Advisory Corp purchased a new stake in Emerson Electric in the first quarter worth $34,000. Tennessee Valley Asset Management Partners purchased a new stake in Emerson Electric in the fourth quarter worth $35,000. Finally, Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric in the fourth quarter worth $39,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.2 %

NYSE EMR traded down $0.28 during trading on Tuesday, hitting $111.49. The company’s stock had a trading volume of 2,326,196 shares, compared to its average volume of 2,676,103. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. The company has a market cap of $63.64 billion, a PE ratio of 5.82, a P/E/G ratio of 1.95 and a beta of 1.37. The business’s 50 day simple moving average is $109.27 and its 200-day simple moving average is $98.43. Emerson Electric Co. has a fifty-two week low of $76.94 and a fifty-two week high of $115.26.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The business had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the company earned $0.78 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. On average, equities analysts anticipate that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s payout ratio is 10.94%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EMR. Royal Bank of Canada increased their price target on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Barclays increased their price target on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Bank of America increased their price target on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Berenberg Bank increased their price target on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, UBS Group increased their price target on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.47.

Insider Transactions at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the completion of the transaction, the director now directly owns 9,591 shares in the company, valued at $989,599.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.25% of the company’s stock.

Emerson Electric 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.