Parkside Financial Bank & Trust Has $1.02 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Parkside Financial Bank & Trust reduced its stake in Emerson Electric Co. (NYSE:EMR) by 6.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,455 shares of the industrial products company’s stock after selling 727 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Emerson Electric were worth $1,018,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in EMR. Tobam lifted its holdings in Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 273 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new position in Emerson Electric in the 4th quarter worth approximately $35,000. Morton Brown Family Wealth LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $39,000. MCF Advisors LLC boosted its holdings in Emerson Electric by 1,484.6% in the fourth quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 386 shares in the last quarter. Finally, Authentikos Wealth Advisory LLC purchased a new position in shares of Emerson Electric during the 3rd quarter worth approximately $42,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Trading Down 0.5 %

EMR traded down $0.55 during trading on Wednesday, hitting $109.22. 475,640 shares of the stock were exchanged, compared to its average volume of 2,613,335. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $115.26. The firm has a market cap of $62.34 billion, a price-to-earnings ratio of 5.72, a P/E/G ratio of 1.88 and a beta of 1.37. The firm has a 50 day simple moving average of $110.16 and a 200 day simple moving average of $99.04. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12.

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

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

Insider Buying and Selling

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the sale, the director now directly owns 9,591 shares of the company’s stock, valued at $989,599.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.25% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on EMR shares. Barclays boosted their target price on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Berenberg Bank increased their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Royal Bank of Canada lifted their price objective on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. KeyCorp upped their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, Citigroup raised their price target on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a report on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target 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.