Sumitomo Mitsui Trust Holdings Inc. Has $174.99 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Sumitomo Mitsui Trust Holdings Inc. reduced its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,542,838 shares of the industrial products company's stock after selling 14,879 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.27% of Emerson Electric worth $174,989,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tobam lifted its holdings in Emerson Electric by 2,275.0% in the 4th quarter. Tobam now owns 285 shares of the industrial products company's stock worth $28,000 after purchasing an additional 273 shares during the last quarter. Security National Bank bought a new stake in shares of Emerson Electric during the 4th quarter worth $29,000. Cape Investment Advisory Inc. grew its stake in Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company's stock valued at $31,000 after buying an additional 188 shares during the last quarter. Burkett Financial Services LLC bought a new position in Emerson Electric in the 4th quarter worth $32,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in Emerson Electric during the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Price Performance

Emerson Electric stock traded up $0.29 during mid-day trading on Wednesday, hitting $109.56. 1,074,545 shares of the company were exchanged, compared to its average volume of 2,681,760. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $116.76. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average of $109.98 and a 200 day moving average of $105.97. The company has a market capitalization of $62.68 billion, a PE ratio of 5.86, a price-to-earnings-growth ratio of 1.88 and a beta of 1.32.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The firm had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The company's revenue for the quarter was up 16.5% compared to the same quarter last year. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Thursday, May 16th. Emerson Electric's payout ratio is presently 11.24%.

Analyst Ratings Changes

Several equities analysts recently weighed in on EMR shares. Barclays boosted their price objective on Emerson Electric from $105.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Friday, May 10th. Wells Fargo & Company raised their price objective on shares of Emerson Electric from $133.00 to $137.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 26th. UBS Group upped their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the company a "neutral" rating in a research note on Thursday, March 21st. Robert W. Baird dropped their price objective on shares of Emerson Electric from $120.00 to $116.00 and set a "neutral" rating on the stock in a report on Thursday, May 9th. Finally, StockNews.com cut shares of Emerson Electric from a "buy" rating to a "hold" rating in a research note on Friday, May 17th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Emerson Electric presently has an average rating of "Moderate Buy" and an average target price of $122.76.

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.