Heritage Trust Co Makes New $1.44 Million Investment in Emerson Electric Co. (NYSE:EMR)

Heritage Trust Co acquired a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,652 shares of the industrial products company's stock, valued at approximately $1,444,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Emerson Electric during the 4th quarter worth $885,886,000. Raymond James Financial Inc. purchased a new position in shares of Emerson Electric in the 4th quarter valued at about $297,947,000. Boston Partners grew its position in shares of Emerson Electric by 136.3% during the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock worth $411,944,000 after buying an additional 1,913,120 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Emerson Electric by 234.2% in the fourth quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock valued at $252,313,000 after acquiring an additional 1,426,718 shares in the last quarter. Finally, Sarasin & Partners LLP lifted its stake in Emerson Electric by 120.6% in the fourth quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company's stock worth $218,889,000 after acquiring an additional 965,731 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Performance

NYSE EMR traded down $0.58 during trading hours on Tuesday, hitting $100.46. 2,972,251 shares of the stock were exchanged, compared to its average volume of 2,910,001. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85. The stock has a 50-day moving average of $113.69 and a 200 day moving average of $119.36. The company has a market cap of $56.65 billion, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Remove Ads

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

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is 50.36%.

Analyst Ratings Changes

EMR has been the subject of a number of analyst reports. Daiwa Capital Markets began coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an "outperform" rating and a $147.00 target price for the company. KeyCorp cut their target price on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Citigroup lowered their price target on Emerson Electric from $132.00 to $119.00 and set a "buy" rating for the company in a report on Monday. Wells Fargo & Company upped their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Morgan Stanley lifted their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $131.67.

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.