First Financial Bank Trust Division Cuts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

First Financial Bank Trust Division trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.9% during the first quarter, Holdings Channel.com reports. The fund owned 4,328 shares of the industrial products company’s stock after selling 129 shares during the quarter. First Financial Bank Trust Division’s holdings in Emerson Electric were worth $491,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of EMR. Checchi Capital Advisers LLC boosted its holdings in shares of Emerson Electric by 10.6% in the 3rd quarter. Checchi Capital Advisers LLC now owns 8,597 shares of the industrial products company’s stock worth $830,000 after buying an additional 826 shares during the last quarter. Rafferty Asset Management LLC lifted its holdings in Emerson Electric by 10.1% during the third quarter. Rafferty Asset Management LLC now owns 45,450 shares of the industrial products company’s stock valued at $4,389,000 after purchasing an additional 4,167 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in Emerson Electric during the third quarter valued at about $13,838,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Emerson Electric during the third quarter valued at about $2,028,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Emerson Electric by 22.9% during the third quarter. Envestnet Asset Management Inc. now owns 1,307,389 shares of the industrial products company’s stock valued at $126,255,000 after purchasing an additional 243,593 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on EMR. Loop Capital upped their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 10th. Citigroup upped their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a report on Monday, April 8th. Mizuho upped their price target on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Barclays upped their price target on Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded Emerson Electric from a “hold” rating to a “buy” rating and upped their price target for the company from $123.00 to $138.00 in a research report on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $121.76.

Emerson Electric Price Performance

NYSE EMR traded up $0.45 on Tuesday, reaching $107.82. 581,684 shares of the company’s stock traded hands, compared to its average volume of 2,677,892. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $116.76. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. The stock has a 50-day simple moving average of $110.60 and a 200 day simple moving average of $104.59. The stock has a market cap of $61.68 billion, a PE ratio of 5.74, a P/E/G ratio of 1.78 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The firm’s revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 earnings per share. As a group, research analysts predict that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were issued a dividend of $0.525 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.95%. Emerson Electric’s payout ratio is presently 11.24%.

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.