First Interstate Bank Cuts Holdings in Emerson Electric Co. (NYSE:EMR)

First Interstate Bank decreased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,833 shares of the industrial products company’s stock after selling 1,734 shares during the quarter. First Interstate Bank’s holdings in Emerson Electric were worth $3,001,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of EMR. PFG Advisors boosted its position in shares of Emerson Electric by 4.5% in the fourth quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock worth $243,000 after buying an additional 108 shares during the period. Capstone Triton Financial Group LLC lifted its stake in shares of Emerson Electric by 1.0% in the third quarter. Capstone Triton Financial Group LLC now owns 11,747 shares of the industrial products company’s stock worth $1,134,000 after acquiring an additional 113 shares in the last quarter. Accel Wealth Management lifted its stake in shares of Emerson Electric by 3.6% in the fourth quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock worth $315,000 after acquiring an additional 114 shares in the last quarter. Silverlake Wealth Management LLC lifted its stake in shares of Emerson Electric by 2.8% in the fourth quarter. Silverlake Wealth Management LLC now owns 4,256 shares of the industrial products company’s stock worth $414,000 after acquiring an additional 115 shares in the last quarter. Finally, Cooper Financial Group lifted its stake in shares of Emerson Electric by 2.4% in the fourth quarter. Cooper Financial Group now owns 5,019 shares of the industrial products company’s stock worth $488,000 after acquiring an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Activity

In other news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction on Friday, February 9th. The stock was sold at an average price of $103.18, for a total transaction of $248,973.34. Following the transaction, the director now directly owns 9,591 shares in the company, valued at approximately $989,599.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.25% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on EMR. KeyCorp boosted their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Royal Bank of Canada boosted their price target on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. UBS Group upped their price objective on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Wells Fargo & Company upped their price objective on Emerson Electric from $100.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, December 19th. Finally, Barclays upped their price objective on Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $115.47.

Emerson Electric Stock Performance

EMR traded down $0.28 during trading hours on Tuesday, hitting $111.49. The company’s stock had a trading volume of 2,326,196 shares, compared to its average volume of 2,676,103. Emerson Electric Co. has a fifty-two week low of $76.94 and a fifty-two week high of $115.26. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $63.64 billion, a PE ratio of 5.82, a PEG ratio of 1.95 and a beta of 1.37. The company has a 50-day simple moving average of $109.27 and a 200 day simple moving average of $98.43.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The firm had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period last year, the firm earned $0.78 EPS. The firm’s revenue was up 22.1% compared to the same quarter last year. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

Emerson Electric Company 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.