Diversified Trust Co Boosts Holdings in Emerson Electric Co. (NYSE:EMR)

Diversified Trust Co lifted its position in Emerson Electric Co. (NYSE:EMR) by 0.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,611 shares of the industrial products company’s stock after purchasing an additional 207 shares during the quarter. Diversified Trust Co’s holdings in Emerson Electric were worth $2,565,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bank of Nova Scotia raised its stake in Emerson Electric by 56.3% in the third quarter. Bank of Nova Scotia now owns 85,405 shares of the industrial products company’s stock valued at $8,248,000 after purchasing an additional 30,750 shares in the last quarter. Ancora Advisors LLC grew its position in Emerson Electric by 17.7% in the third quarter. Ancora Advisors LLC now owns 1,976 shares of the industrial products company’s stock worth $191,000 after acquiring an additional 297 shares in the last quarter. United Services Automobile Association increased its stake in Emerson Electric by 1.0% in the third quarter. United Services Automobile Association now owns 15,845 shares of the industrial products company’s stock valued at $1,530,000 after acquiring an additional 164 shares during the last quarter. Logan Capital Management Inc. raised its position in Emerson Electric by 9.3% during the third quarter. Logan Capital Management Inc. now owns 44,984 shares of the industrial products company’s stock valued at $4,344,000 after purchasing an additional 3,833 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in Emerson Electric during the third quarter worth about $1,768,000. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

EMR has been the topic of a number of research reports. Robert W. Baird decreased their price objective on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a report on Wednesday, June 26th. Bank of America lifted their target price on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and upped their price target for the company from $123.00 to $138.00 in a research report on Thursday, May 9th. Finally, Mizuho lifted their price objective on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.76.

Emerson Electric Price Performance

EMR stock opened at $108.00 on Tuesday. The firm has a 50-day moving average of $110.00 and a 200 day moving average of $105.79. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. The company has a market cap of $61.79 billion, a P/E ratio of 5.78, a PEG ratio of 1.88 and a beta of 1.32. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $116.76.

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

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were given 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 yield of 1.94%. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

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.