Huntington National Bank Grows Position in Emerson Electric Co. (NYSE:EMR)

Huntington National Bank boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 3.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 809,372 shares of the industrial products company’s stock after acquiring an additional 27,277 shares during the period. Huntington National Bank owned 0.14% of Emerson Electric worth $100,306,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of EMR. Stephens Consulting LLC purchased a new stake in shares of Emerson Electric in the fourth quarter worth about $25,000. Sugar Maple Asset Management LLC bought a new stake in Emerson Electric in the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Emerson Electric during the 4th quarter valued at approximately $28,000. YANKCOM Partnership purchased a new position in shares of Emerson Electric in the fourth quarter valued at $30,000. Finally, Fiduciary Advisors Inc. bought a new stake in Emerson Electric in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EMR shares. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Citigroup initiated coverage on Emerson Electric in a research note on Monday, March 17th. They set a “buy” rating and a $132.00 price objective on the stock. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Jefferies Financial Group began coverage on Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target on the stock. Finally, Daiwa Capital Markets began coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.94.

Emerson Electric Trading Up 0.3 %

Shares of NYSE EMR opened at $109.94 on Wednesday. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $120.06 and a two-hundred day simple moving average of $119.87. The firm has a market cap of $62.00 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.92%. Emerson Electric’s payout ratio is 50.36%.

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.