Emerson Electric Co. (NYSE:EMR) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. decreased its position in Emerson Electric Co. (NYSE:EMR) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,542,838 shares of the industrial products company’s stock after selling 14,879 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.27% of Emerson Electric worth $174,989,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lazard Asset Management LLC purchased a new stake in shares of Emerson Electric in the third quarter valued at approximately $1,768,000. Ameriprise Financial Inc. increased its holdings in Emerson Electric by 19.4% in the third quarter. Ameriprise Financial Inc. now owns 3,529,692 shares of the industrial products company’s stock valued at $341,559,000 after buying an additional 573,307 shares in the last quarter. Evergreen Capital Management LLC lifted its position in shares of Emerson Electric by 3.1% during the 3rd quarter. Evergreen Capital Management LLC now owns 4,459 shares of the industrial products company’s stock valued at $431,000 after acquiring an additional 133 shares during the period. Lido Advisors LLC grew its holdings in shares of Emerson Electric by 101.2% in the 3rd quarter. Lido Advisors LLC now owns 43,892 shares of the industrial products company’s stock worth $4,239,000 after acquiring an additional 22,072 shares during the period. Finally, Legacy Advisors LLC raised its holdings in Emerson Electric by 2.7% during the third quarter. Legacy Advisors LLC now owns 9,725 shares of the industrial products company’s stock worth $939,000 after purchasing an additional 254 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Trading Up 1.3 %

EMR stock traded up $1.37 on Wednesday, hitting $110.64. 209,962 shares of the company were exchanged, compared to its average volume of 2,674,951. The stock has a market capitalization of $63.30 billion, a price-to-earnings ratio of 5.85, a price-to-earnings-growth ratio of 1.88 and a beta of 1.32. The business’s fifty day moving average is $109.99 and its two-hundred day moving average is $105.87. Emerson Electric Co. has a twelve month low of $83.10 and a twelve 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.

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

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on EMR shares. Citigroup raised their price target on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Wells Fargo & Company upped their price target on shares of Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and raised their price objective for the stock from $123.00 to $138.00 in a research note on Thursday, May 9th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, May 17th. Finally, UBS Group boosted their price target on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.76.

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.