PNC Financial Services Group Inc. Reduces Holdings in Emerson Electric Co. (NYSE:EMR)

PNC Financial Services Group Inc. decreased 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 filing with the Securities and Exchange Commission. The institutional investor owned 1,814,362 shares of the industrial products company's stock after selling 22,058 shares during the period. PNC Financial Services Group Inc. owned 0.32% of Emerson Electric worth $224,854,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EMR. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric in the 3rd quarter valued at $25,000. Stephens Consulting LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at $27,000. Darwin Wealth Management LLC acquired a new stake in Emerson Electric during the 3rd quarter worth $29,000. Finally, YANKCOM Partnership acquired a new stake in Emerson Electric during the 4th quarter worth $30,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Price Performance

Shares of EMR traded up $2.32 during trading hours on Friday, reaching $118.66. The company had a trading volume of 3,986,817 shares, compared to its average volume of 2,882,894. The firm has a 50 day simple moving average of $123.64 and a 200-day simple moving average of $118.63. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $66.91 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85.

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

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.78%. Emerson Electric's dividend payout ratio (DPR) is currently 50.36%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EMR shares. Morgan Stanley increased 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. KeyCorp increased their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. UBS Group started coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set a "neutral" rating and a $135.00 price target for the company. Barclays increased their price target on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Emerson Electric from $137.00 to $135.00 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $137.67.

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.