Equitable Trust Co. Acquires 790 Shares of Emerson Electric Co. (NYSE:EMR)

Equitable Trust Co. lifted its stake in Emerson Electric Co. (NYSE:EMR) by 6.2% during the third quarter, HoldingsChannel reports. The firm owned 13,534 shares of the industrial products company’s stock after purchasing an additional 790 shares during the period. Equitable Trust Co.’s holdings in Emerson Electric were worth $1,480,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in EMR. Newport Trust Company LLC bought a new position in shares of Emerson Electric during the 2nd quarter worth $574,908,000. Pathway Financial Advisers LLC lifted its stake in Emerson Electric by 10,993.2% in the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock worth $226,443,000 after acquiring an additional 2,051,764 shares during the period. Van ECK Associates Corp increased its position in Emerson Electric by 107.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after purchasing an additional 2,016,075 shares during the period. Swedbank AB raised its holdings in shares of Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after purchasing an additional 1,424,800 shares in the last quarter. Finally, Perpetual Ltd lifted its position in shares of Emerson Electric by 57,336.1% in the 3rd quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock worth $131,918,000 after purchasing an additional 1,204,058 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the sale, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.25% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR stock opened at $127.26 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 0.86. The business has a fifty day moving average of $108.39 and a 200 day moving average of $109.30. The firm has a market capitalization of $72.88 billion, a price-to-earnings ratio of 37.21, a price-to-earnings-growth ratio of 1.94 and a beta of 1.30. Emerson Electric Co. has a 1 year low of $85.00 and a 1 year high of $128.56.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a return on equity of 11.73% and a net margin of 11.25%. The firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. As a group, research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a $0.5275 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s dividend payout ratio is 61.40%.

Analysts Set New Price Targets

A number of equities analysts recently commented on EMR shares. Morgan Stanley started coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective for the company. Deutsche Bank Aktiengesellschaft upped their price objective on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday. KeyCorp boosted their target price on shares of Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday. Wells Fargo & Company raised their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Robert W. Baird boosted their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.65.

About Emerson Electric

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.