Emerson Electric Co. $EMR Shares Sold by Greenleaf Trust

Greenleaf Trust lessened its position in shares of Emerson Electric Co. (NYSE:EMR) by 41.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 16,550 shares of the industrial products company’s stock after selling 11,535 shares during the quarter. Greenleaf Trust’s holdings in Emerson Electric were worth $2,171,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock worth $1,412,000 after purchasing an additional 4,850 shares during the period. AQR Capital Management LLC lifted its position in Emerson Electric by 35.4% in the first quarter. AQR Capital Management LLC now owns 73,550 shares of the industrial products company’s stock valued at $7,928,000 after buying an additional 19,234 shares during the last quarter. UniSuper Management Pty Ltd boosted its stake in Emerson Electric by 6.9% during the first quarter. UniSuper Management Pty Ltd now owns 42,927 shares of the industrial products company’s stock worth $4,707,000 after buying an additional 2,763 shares during the period. Teza Capital Management LLC acquired a new stake in shares of Emerson Electric during the first quarter valued at about $273,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Emerson Electric in the 1st quarter valued at approximately $232,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EMR has been the subject of several research reports. Wells Fargo & Company reiterated an “equal weight” rating and issued a $140.00 target price (down previously from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Jefferies Financial Group reiterated a “hold” rating and issued a $145.00 price objective on shares of Emerson Electric in a report on Wednesday, December 10th. UBS Group raised Emerson Electric from a “neutral” rating to a “buy” rating and increased their target price for the stock from $131.00 to $168.00 in a research note on Monday. Finally, Daiwa Capital Markets lifted their target price on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $150.18.

Emerson Electric Stock Up 1.9%

Shares of NYSE EMR opened at $145.55 on Wednesday. The stock has a market cap of $81.84 billion, a P/E ratio of 36.03, a PEG ratio of 2.33 and a beta of 1.26. The business’s fifty day simple moving average is $133.74 and its 200-day simple moving average is $134.50. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.41.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The company had revenue of $3.16 billion for the quarter. Emerson Electric had a return on equity of 15.87% and a net margin of 12.73%. As a group, equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were issued a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 1.5%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 14th. Emerson Electric’s dividend payout ratio is 54.95%.

Emerson Electric declared that its board has approved a stock repurchase plan on Wednesday, November 5th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $133.00, for a total value of $965,979.00. Following the sale, the chief executive officer directly owned 196,292 shares of the company’s stock, valued at approximately $26,106,836. This represents a 3.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.23% of the stock is owned by corporate insiders.

Emerson Electric Company Profile

Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.

Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.