First National Bank of South Miami Decreases Position in Emerson Electric Co. (NYSE:EMR)

First National Bank of South Miami lowered its position in Emerson Electric Co. (NYSE:EMR) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,757 shares of the industrial products company’s stock after selling 597 shares during the quarter. First National Bank of South Miami’s holdings in Emerson Electric were worth $792,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Resurgent Financial Advisors LLC purchased a new position in shares of Emerson Electric in the fourth quarter valued at $32,000. Certified Advisory Corp purchased a new position in shares of Emerson Electric during the 1st quarter worth approximately $34,000. OLD Mission Capital LLC purchased a new position in shares of Emerson Electric during the 4th quarter worth approximately $35,000. Kepos Capital LP purchased a new position in shares of Emerson Electric during the 4th quarter worth approximately $37,000. Finally, Osterweis Capital Management Inc. purchased a new stake in Emerson Electric during the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 72.02% of the company’s stock.

Emerson Electric Stock Up 0.8 %

Shares of Emerson Electric stock opened at $99.63 on Tuesday. The company has a fifty day moving average price of $95.35 and a 200 day moving average price of $88.21. The company has a current ratio of 2.38, a quick ratio of 2.07 and a debt-to-equity ratio of 0.29. Emerson Electric Co. has a twelve month low of $72.40 and a twelve month high of $100.62. The stock has a market cap of $57.18 billion, a price-to-earnings ratio of 4.36, a price-to-earnings-growth ratio of 2.32 and a beta of 1.39.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.20. The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Emerson Electric had a return on equity of 14.27% and a net margin of 80.41%. Equities research analysts forecast that Emerson Electric Co. will post 4.44 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 11th were given a $0.52 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $2.08 dividend on an annualized basis and a yield of 2.09%. Emerson Electric’s payout ratio is currently 9.09%.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, VP Lisa Flavin sold 48,718 shares of the company’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $89.65, for a total value of $4,367,568.70. Following the completion of the transaction, the vice president now directly owns 51,748 shares of the company’s stock, valued at approximately $4,639,208.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP Lisa Flavin sold 48,718 shares of the stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $89.65, for a total transaction of $4,367,568.70. Following the transaction, the vice president now owns 51,748 shares of the company’s stock, valued at $4,639,208.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Vidya Ramnath sold 2,500 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $97.86, for a total value of $244,650.00. Following the completion of the sale, the chief marketing officer now directly owns 11,870 shares of the company’s stock, valued at $1,161,598.20. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on EMR. Barclays began coverage on Emerson Electric in a research report on Monday, August 28th. They set an “equal weight” rating and a $105.00 price objective for the company. Vertical Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Friday. Morgan Stanley lifted their target price on shares of Emerson Electric from $107.00 to $116.00 and gave the stock an “overweight” rating in a research note on Thursday, August 3rd. Royal Bank of Canada lifted their target price on shares of Emerson Electric from $103.00 to $111.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Finally, StockNews.com started coverage on shares of Emerson Electric in a research note on Thursday, August 17th. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $105.67.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, AspenTech, and Commercial & Residential Solutions segments.