Blue Trust Inc. Sells 2,299 Shares of Emerson Electric Co. (NYSE:EMR)

Blue Trust Inc. cut its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 35.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,224 shares of the industrial products company's stock after selling 2,299 shares during the quarter. Blue Trust Inc.'s holdings in Emerson Electric were worth $523,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB grew its position in shares of Emerson Electric by 120.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company's stock valued at $6,162,000 after buying an additional 30,741 shares during the last quarter. Geode Capital Management LLC grew its position in shares of 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 buying an additional 162,985 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Emerson Electric by 130.0% in the 3rd quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company's stock valued at $1,044,000 after buying an additional 5,393 shares during the last quarter. GHP Investment Advisors Inc. grew its position in Emerson Electric by 8.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock worth $10,187,000 after purchasing an additional 6,321 shares during the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter worth $443,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Down 2.3 %

NYSE EMR traded down $2.87 during trading hours on Friday, reaching $121.88. 2,334,273 shares of the company traded hands, compared to its average volume of 2,856,196. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $68.73 billion, a PE ratio of 29.09, a PEG ratio of 2.48 and a beta of 1.34. The company has a 50 day moving average of $125.08 and a two-hundred day moving average of $117.51.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating 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%. As a group, equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.73%. Emerson Electric's dividend payout ratio (DPR) is presently 50.36%.

Wall Street Analyst Weigh In

A number of analysts recently commented on EMR shares. Royal Bank of Canada reissued an "outperform" rating and set a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. KeyCorp boosted their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. BNP Paribas began coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set an "outperform" rating and a $155.00 price objective on the stock. Jefferies Financial Group began coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a "buy" rating and a $160.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and a consensus 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.