Emerson Electric Co. (NYSE:EMR) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 3.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,706 shares of the industrial products company’s stock after selling 444 shares during the period. Atlantic Union Bankshares Corp’s holdings in Emerson Electric were worth $1,328,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Financial Advocates Investment Management boosted its stake in Emerson Electric by 1.0% in the fourth quarter. Financial Advocates Investment Management now owns 10,208 shares of the industrial products company’s stock valued at $994,000 after acquiring an additional 101 shares in the last quarter. Stonehearth Capital Management LLC boosted its stake in Emerson Electric by 3.3% in the first quarter. Stonehearth Capital Management LLC now owns 3,320 shares of the industrial products company’s stock valued at $377,000 after acquiring an additional 107 shares in the last quarter. PFG Advisors boosted its stake in Emerson Electric by 4.5% in the fourth quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock valued at $243,000 after acquiring an additional 108 shares in the last quarter. Ballentine Partners LLC boosted its stake in Emerson Electric by 0.7% in the first quarter. Ballentine Partners LLC now owns 14,647 shares of the industrial products company’s stock valued at $1,661,000 after acquiring an additional 108 shares in the last quarter. Finally, Accel Wealth Management boosted its stake in Emerson Electric by 3.6% in the fourth quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock valued at $315,000 after acquiring an additional 114 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Trading Up 1.7 %

Shares of Emerson Electric stock opened at $110.16 on Friday. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $116.76. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The stock has a market cap of $63.02 billion, a PE ratio of 5.89, a price-to-earnings-growth ratio of 1.81 and a beta of 1.33. The company has a 50-day moving average of $110.00 and a two-hundred day moving average of $105.59.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The company had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same period last year, the company posted $1.09 earnings per share. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, research analysts anticipate that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were paid a dividend of $0.525 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.91%. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

Wall Street Analyst Weigh In

Several research firms have issued reports on EMR. Robert W. Baird decreased their price objective on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Berenberg Bank increased their target price on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Citigroup increased their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Loop Capital increased their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, Wells Fargo & Company increased their target price on shares of Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $122.76.

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.