Truist Financial Corp Sells 21,514 Shares of Emerson Electric Co. (NYSE:EMR)

Truist Financial Corp reduced its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,060,547 shares of the industrial products company's stock after selling 21,514 shares during the period. Truist Financial Corp owned 0.19% of Emerson Electric worth $131,434,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EMR. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric in the 3rd quarter worth approximately $25,000. Stephens Consulting LLC bought a new stake in Emerson Electric during the fourth quarter worth $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric in the 4th quarter valued at $27,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric during the 3rd quarter valued at $29,000. Finally, YANKCOM Partnership bought a new stake in shares of Emerson Electric during the 4th quarter worth $30,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded down $0.89 during trading on Wednesday, hitting $124.13. The stock had a trading volume of 1,122,940 shares, compared to its average volume of 2,894,785. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The firm has a market cap of $69.99 billion, a price-to-earnings ratio of 29.62, a P/E/G ratio of 2.46 and a beta of 1.34. The business's 50-day moving average is $125.51 and its 200 day moving average is $117.30.

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

Emerson Electric Announces Dividend

The business 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 $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.70%. Emerson Electric's dividend payout ratio is presently 50.36%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Loop Capital lifted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. StockNews.com raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, February 7th. KeyCorp increased their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a report on Monday, December 9th. JPMorgan Chase & Co. lowered their target price on Emerson Electric from $137.00 to $135.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Emerson Electric has an average rating of "Moderate Buy" and a consensus target price of $136.90.

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.