Glenview Trust co Boosts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Glenview Trust co lifted its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 219,983 shares of the industrial products company's stock after purchasing an additional 2,516 shares during the period. Glenview Trust co's holdings in Emerson Electric were worth $27,262,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EMR. Stephens Consulting LLC bought a new stake in Emerson Electric in the fourth quarter worth $25,000. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric during the fourth quarter valued at $27,000. YANKCOM Partnership bought a new position in shares of Emerson Electric during the fourth quarter valued at $30,000. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric during the third quarter valued at $29,000. Finally, Fiduciary Advisors Inc. bought a new position in shares of Emerson Electric during the fourth quarter valued at $35,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EMR has been the subject of several analyst reports. Barclays downgraded Emerson Electric from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $135.00 to $110.00 in a report on Monday, March 10th. Citigroup assumed coverage on Emerson Electric in a report on Monday. They set a "buy" rating and a $132.00 price target for the company. Loop Capital lifted their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. Jefferies Financial Group assumed coverage on Emerson Electric in a report on Thursday, December 12th. They issued a "buy" rating and a $160.00 price objective for the company. Finally, Wells Fargo & Company lifted their price objective on Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $136.22.

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Emerson Electric Stock Performance

Shares of EMR stock traded down $0.66 during trading hours on Thursday, reaching $111.73. 3,573,701 shares of the company traded hands, compared to its average volume of 2,630,483. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. 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 company has a market cap of $63.00 billion, a P/E ratio of 26.67, a P/E/G ratio of 2.49 and a beta of 1.36. The firm has a 50-day moving average price of $121.86 and a 200 day moving average price of $119.02.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data 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 return on equity of 12.08% and a net margin of 13.74%. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.89%. Emerson Electric's dividend payout ratio is 50.36%.

Emerson Electric 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.