Emerson Electric Co. (NYSE:EMR) Shares Sold by First American Trust FSB

First American Trust FSB decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 25.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,798 shares of the industrial products company's stock after selling 35,126 shares during the quarter. Emerson Electric comprises about 1.2% of First American Trust FSB's investment portfolio, making the stock its 21st biggest position. First American Trust FSB's holdings in Emerson Electric were worth $12,492,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Emerson Electric by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock worth $6,634,837,000 after buying an additional 384,313 shares during the last quarter. State Street Corp lifted its holdings in shares of Emerson Electric by 6.2% during the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock worth $2,822,858,000 after acquiring an additional 1,507,980 shares during the period. Wellington Management Group LLP grew its holdings in Emerson Electric by 4.2% in the third quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company's stock valued at $1,591,612,000 after purchasing an additional 581,102 shares during the period. Geode Capital Management LLC increased its position in Emerson Electric by 1.4% during the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock worth $1,247,570,000 after purchasing an additional 162,985 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in Emerson Electric by 5.7% during the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company's stock worth $871,083,000 after purchasing an additional 375,470 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

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Emerson Electric Stock Down 3.1 %

EMR traded down $3.52 on Friday, reaching $108.56. The company's stock had a trading volume of 3,085,360 shares, compared to its average volume of 2,813,187. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The business's 50 day moving average is $120.75 and its 200 day moving average is $119.61. The stock has a market cap of $61.22 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping 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, research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's payout ratio is currently 50.36%.

Analysts Set New Price Targets

A number of analysts have recently commented on EMR shares. Royal Bank of Canada restated an "outperform" rating and set a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. Jefferies Financial Group assumed coverage on Emerson Electric in a research note on Thursday, December 12th. They set a "buy" rating and a $160.00 price target for the company. Barclays decreased their target price on Emerson Electric from $110.00 to $105.00 and set an "underweight" rating for the company in a report on Wednesday. Morgan Stanley raised their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a report on Thursday, February 6th. Finally, Loop Capital boosted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $135.94.

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.