Commerce Bank Decreases Holdings in Emerson Electric Co. (NYSE:EMR)

Commerce Bank cut its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 669,938 shares of the industrial products company's stock after selling 7,984 shares during the quarter. Commerce Bank owned about 0.12% of Emerson Electric worth $83,025,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. GDS Wealth Management boosted its holdings in Emerson Electric by 2.0% in the fourth quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock worth $491,000 after acquiring an additional 79 shares in the last quarter. Mcdonald Partners LLC grew its position in Emerson Electric by 0.6% in the 4th quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock valued at $1,761,000 after purchasing an additional 81 shares during the period. Berkshire Bank increased its stake in Emerson Electric by 3.6% during the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock valued at $321,000 after purchasing an additional 89 shares in the last quarter. Little House Capital LLC raised its holdings in Emerson Electric by 0.5% during the fourth quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock worth $2,108,000 after buying an additional 89 shares during the last quarter. Finally, Grove Bank & Trust increased its position in shares of Emerson Electric by 5.4% during the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock worth $217,000 after acquiring an additional 90 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

NYSE EMR traded up $2.82 during trading on Wednesday, reaching $102.61. The company's stock had a trading volume of 1,819,919 shares, compared to its average volume of 2,917,858. The stock has a market capitalization of $57.86 billion, a PE ratio of 24.49, a P/E/G ratio of 2.49 and a beta of 1.28. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm has a fifty day moving average of $110.48 and a 200 day moving average of $118.84. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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%. Analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 2.06%. Emerson Electric's dividend payout ratio is presently 50.36%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. KeyCorp lowered their target price on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Morgan Stanley lifted their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research note on Thursday, February 6th. Finally, StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $131.67.

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.