Stock Yards Bank & Trust Co. Reduces Position in Emerson Electric Co. (NYSE:EMR)

Stock Yards Bank & Trust Co. trimmed its position in Emerson Electric Co. (NYSE:EMR) by 4.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,985 shares of the industrial products company’s stock after selling 1,395 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Emerson Electric were worth $3,083,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Thrive Wealth Management LLC boosted its position in Emerson Electric by 4.1% in the second quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 91 shares during the last quarter. LCM Capital Management Inc boosted its position in Emerson Electric by 1.4% in the second quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock worth $748,000 after purchasing an additional 91 shares during the last quarter. Sabal Trust CO boosted its position in Emerson Electric by 2.2% in the second quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock worth $475,000 after purchasing an additional 93 shares during the last quarter. Catalyst Financial Partners LLC boosted its position in Emerson Electric by 3.7% in the second quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock worth $287,000 after purchasing an additional 94 shares during the last quarter. Finally, PFG Advisors boosted its position in Emerson Electric by 3.8% in the first quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock worth $294,000 after purchasing an additional 96 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

NYSE EMR opened at $103.95 on Wednesday. The company has a market cap of $59.47 billion, a P/E ratio of 5.56, a P/E/G ratio of 1.66 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The business’s 50 day moving average price is $107.55 and its 200-day moving average price is $109.54. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $119.53.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. The firm had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS. Sell-side analysts predict that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s payout ratio is currently 11.24%.

Analysts Set New Price Targets

EMR has been the topic of a number of analyst reports. Oppenheimer lowered their price objective on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Barclays lowered their price objective on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Morgan Stanley started coverage on Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 target price on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $124.29.

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.