Huntington National Bank Has $117.71 Million Stake in Emerson Electric Co. $EMR

Huntington National Bank increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 5.0% during the second quarter, HoldingsChannel reports. The fund owned 882,810 shares of the industrial products company’s stock after buying an additional 42,245 shares during the period. Huntington National Bank’s holdings in Emerson Electric were worth $117,705,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after acquiring an additional 4,850 shares during the period. World Investment Advisors grew its position in shares of Emerson Electric by 14.9% in the 1st quarter. World Investment Advisors now owns 23,921 shares of the industrial products company’s stock valued at $2,623,000 after acquiring an additional 3,098 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Emerson Electric by 6.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,728,777 shares of the industrial products company’s stock worth $189,543,000 after buying an additional 106,623 shares during the last quarter. OLD Republic International Corp lifted its stake in shares of Emerson Electric by 1.1% during the 1st quarter. OLD Republic International Corp now owns 511,100 shares of the industrial products company’s stock worth $56,037,000 after buying an additional 5,500 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its holdings in shares of Emerson Electric by 6.0% during the 1st quarter. TD Private Client Wealth LLC now owns 43,030 shares of the industrial products company’s stock valued at $4,718,000 after acquiring an additional 2,448 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.4%

Shares of NYSE EMR opened at $140.08 on Tuesday. The firm has a market cap of $78.84 billion, a PE ratio of 30.13, a P/E/G ratio of 2.36 and a beta of 1.29. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The company’s fifty day simple moving average is $132.41 and its 200 day simple moving average is $129.03. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR) last issued its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. The business 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%. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.5275 per share. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.5%. Emerson Electric’s dividend payout ratio is presently 45.38%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Daiwa Capital Markets lifted their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Jefferies Financial Group reduced their target price on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Royal Bank Of Canada boosted their price objective on shares of Emerson Electric from $154.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. JPMorgan Chase & Co. increased their price objective on Emerson Electric from $135.00 to $151.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.