Ledyard National Bank Sells 12,739 Shares of Emerson Electric Co. (NYSE:EMR)

Ledyard National Bank lowered its stake in Emerson Electric Co. (NYSE:EMR) by 26.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,825 shares of the industrial products company’s stock after selling 12,739 shares during the quarter. Ledyard National Bank’s holdings in Emerson Electric were worth $4,440,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Capital Performance Advisors LLP purchased a new position in Emerson Electric during the third quarter valued at approximately $25,000. Stephens Consulting LLC purchased a new position in shares of Emerson Electric during the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric in the 4th quarter worth $27,000. Darwin Wealth Management LLC bought a new stake in Emerson Electric during the third quarter valued at about $29,000. Finally, YANKCOM Partnership purchased a new position in shares of Emerson Electric in the fourth quarter valued at about $30,000. 74.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. KeyCorp lifted their target price on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Jefferies Financial Group started coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price on the stock. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target on the stock. Finally, Barclays raised their price objective on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $136.90.

Emerson Electric Price Performance

Emerson Electric stock opened at $127.49 on Friday. The firm has a market capitalization of $72.61 billion, a PE ratio of 37.28, a price-to-earnings-growth ratio of 2.22 and a beta of 1.34. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The firm has a 50-day moving average price of $126.78 and a 200-day moving average price of $116.66. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 11.73% and a net margin of 11.25%. As a group, equities research analysts forecast that Emerson Electric Co. will post 5.91 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 61.70%.

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.