Capital City Trust Co. FL Sells 333 Shares of Emerson Electric Co. (NYSE:EMR)

Capital City Trust Co. FL trimmed its position in Emerson Electric Co. (NYSE:EMR) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,377 shares of the industrial products company’s stock after selling 333 shares during the period. Capital City Trust Co. FL’s holdings in Emerson Electric were worth $1,906,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. State Street Corp boosted its holdings in Emerson Electric by 6.2% in the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after purchasing an additional 1,507,980 shares during the period. Wellington Management Group LLP boosted its holdings in Emerson Electric by 4.2% in the 3rd quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock valued at $1,591,612,000 after purchasing an additional 581,102 shares during the period. Geode Capital Management LLC boosted its holdings in Emerson Electric by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after purchasing an additional 162,985 shares during the period. Nordea Investment Management AB boosted its holdings in Emerson Electric by 5.7% in the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock valued at $871,083,000 after purchasing an additional 375,470 shares during the period. Finally, Van ECK Associates Corp raised its position in shares of 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 buying an additional 2,016,075 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Price Performance

Shares of EMR opened at $121.88 on Friday. The stock has a market cap of $68.73 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 2.48 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The firm’s 50-day simple moving average is $125.08 and its two-hundred day simple moving average is $117.51.

Emerson Electric (NYSE:EMR) last announced 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 anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

Analyst Ratings Changes

EMR has been the topic of several research reports. Loop Capital raised their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Royal Bank of Canada restated an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. Robert W. Baird raised their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, UBS Group initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $136.90.

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.