M&T Bank Corp Sells 11,678 Shares of Emerson Electric Co. (NYSE:EMR)

M&T Bank Corp lowered its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 518,289 shares of the industrial products company's stock after selling 11,678 shares during the quarter. M&T Bank Corp owned about 0.09% of Emerson Electric worth $64,232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EMR. Swedbank AB grew its stake in Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the period. Howard Capital Management Group LLC boosted its position in shares of Emerson Electric by 10.6% during the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company's stock valued at $205,000 after buying an additional 180 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Emerson Electric by 8.4% in the third quarter. Farther Finance Advisors LLC now owns 9,346 shares of the industrial products company's stock valued at $1,022,000 after purchasing an additional 727 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Emerson Electric by 6.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 231,232 shares of the industrial products company's stock valued at $25,290,000 after purchasing an additional 13,523 shares during the period. Finally, Donaldson Capital Management LLC raised its position in Emerson Electric by 4.0% in the third quarter. Donaldson Capital Management LLC now owns 5,181 shares of the industrial products company's stock worth $567,000 after acquiring an additional 197 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Up 1.7 %

Shares of NYSE EMR traded up $1.94 during mid-day trading on Wednesday, hitting $115.97. The company had a trading volume of 2,853,636 shares, compared to its average volume of 2,842,184. The business's 50-day simple moving average is $123.98 and its 200 day simple moving average is $118.43. 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 company has a market capitalization of $65.39 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 2.49 and a beta of 1.34.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results 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%. On average, analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.5275 per share. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.82%. Emerson Electric's dividend payout ratio is presently 50.36%.

Analyst Ratings Changes

EMR has been the subject of several analyst reports. UBS Group assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 target price for the company. Loop Capital upped their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Royal Bank of Canada restated an "outperform" rating and set a $138.00 target price on shares of Emerson Electric in a report on Thursday, February 6th. BNP Paribas began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 price objective on the stock. Finally, Daiwa Capital Markets assumed coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Emerson Electric presently has an average rating of "Moderate Buy" and an average price target of $137.26.

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.