Suntrust Banks Inc. reduced its holdings in Emerson Electric Co. (NYSE:EMR) by 0.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 408,489 shares of the industrial products company’s stock after selling 2,361 shares during the quarter. Suntrust Banks Inc. owned approximately 0.06% of Emerson Electric worth $27,897,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of EMR. G&S Capital LLC bought a new position in shares of Emerson Electric in the 4th quarter worth about $101,000. W.G. Shaheen & Associates DBA Whitney & Co bought a new position in shares of Emerson Electric in the 1st quarter worth about $102,000. Stelac Advisory Services LLC bought a new position in shares of Emerson Electric in the 1st quarter worth about $120,000. Well Done LLC bought a new position in shares of Emerson Electric in the 1st quarter worth about $142,000. Finally, Optimum Investment Advisors bought a new position in shares of Emerson Electric in the 1st quarter worth about $144,000. Institutional investors own 69.58% of the company’s stock.
In other Emerson Electric news, insider Michael H. Train sold 24,166 shares of the business’s stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $71.46, for a total transaction of $1,726,902.36. Following the sale, the insider now directly owns 121,626 shares in the company, valued at approximately $8,691,393.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.79% of the stock is currently owned by insiders.
Several analysts recently weighed in on EMR shares. Stifel Nicolaus lifted their price objective on shares of Emerson Electric from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, May 3rd. Cowen reiterated a “buy” rating and issued a $78.00 price objective on shares of Emerson Electric in a research report on Wednesday, April 18th. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Tuesday, April 17th. Berenberg Bank upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating and set a $69.00 price objective on the stock in a research report on Tuesday, April 24th. They noted that the move was a valuation call. Finally, ValuEngine downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $73.00.
EMR stock opened at $69.86 on Thursday. Emerson Electric Co. has a 52 week low of $57.47 and a 52 week high of $74.45. The stock has a market cap of $44.46 billion, a price-to-earnings ratio of 26.46, a P/E/G ratio of 2.10 and a beta of 1.20. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.98 and a current ratio of 1.30.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, May 1st. The industrial products company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. Emerson Electric had a net margin of 10.83% and a return on equity of 21.69%. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the previous year, the firm earned $0.45 EPS. Emerson Electric’s revenue was up 18.9% on a year-over-year basis. research analysts expect that Emerson Electric Co. will post 3.18 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 11th. Shareholders of record on Friday, May 11th were given a dividend of $0.485 per share. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.78%. Emerson Electric’s dividend payout ratio (DPR) is 73.48%.
Emerson Electric Company Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.
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