Emerson Electric Co. (NYSE:EMR) Shares Bought by Greenleaf Trust

Greenleaf Trust grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 51.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,990 shares of the industrial products company’s stock after purchasing an additional 10,912 shares during the period. Greenleaf Trust’s holdings in Emerson Electric were worth $3,114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC increased its position in Emerson Electric by 105,280.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 54,417,593 shares of the industrial products company’s stock worth $5,227,354,000 after purchasing an additional 54,365,954 shares during the period. Morgan Stanley grew its holdings in shares of Emerson Electric by 7.9% in the 3rd quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock worth $1,327,876,000 after acquiring an additional 1,008,294 shares during the period. Invesco Ltd. grew its holdings in shares of Emerson Electric by 16.9% in the 3rd quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock worth $791,858,000 after acquiring an additional 1,184,202 shares during the period. Nordea Investment Management AB grew its holdings in shares of Emerson Electric by 26.5% in the 4th quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock worth $723,873,000 after acquiring an additional 1,558,903 shares during the period. Finally, Norges Bank acquired a new stake in shares of Emerson Electric in the 4th quarter worth approximately $702,606,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.7 %

Shares of NYSE EMR opened at $108.58 on Friday. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $115.26. The company has a market cap of $61.98 billion, a P/E ratio of 5.66, a P/E/G ratio of 1.89 and a beta of 1.37. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The stock has a fifty day moving average price of $109.98 and a 200 day moving average price of $98.77.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The firm had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the firm earned $0.78 EPS. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. Research analysts anticipate that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 annualized dividend and a dividend yield of 1.93%. Emerson Electric’s dividend payout ratio is presently 10.94%.

Insider Activity

In other news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the sale, the director now directly owns 9,591 shares in the company, valued at $989,599.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the topic of a number of recent research reports. KeyCorp upped their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Mizuho upped their target price on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Bank of America upped their target price on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Citigroup upped their target price on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, UBS Group upped their target price on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.25.

Emerson Electric Company 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.