Newport Trust Company LLC Takes Position in Emerson Electric Co. (NYSE:EMR)

Newport Trust Company LLC acquired a new position in Emerson Electric Co. (NYSE:EMR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,218,845 shares of the industrial products company’s stock, valued at approximately $574,908,000. Emerson Electric comprises approximately 1.4% of Newport Trust Company LLC’s holdings, making the stock its 14th largest position. Newport Trust Company LLC owned 0.91% of Emerson Electric at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Gilbert & Cook Inc. boosted its stake in shares of Emerson Electric by 4.8% during the 4th quarter. Gilbert & Cook Inc. now owns 4,332 shares of the industrial products company’s stock worth $422,000 after acquiring an additional 199 shares in the last quarter. Gryphon Financial Partners LLC boosted its position in Emerson Electric by 12.8% during the fourth quarter. Gryphon Financial Partners LLC now owns 6,380 shares of the industrial products company’s stock worth $619,000 after purchasing an additional 722 shares during the period. Quest Partners LLC acquired a new position in Emerson Electric during the fourth quarter valued at approximately $651,000. Assetmark Inc. lifted its stake in shares of Emerson Electric by 15.7% in the fourth quarter. Assetmark Inc. now owns 4,728 shares of the industrial products company’s stock worth $460,000 after buying an additional 640 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Emerson Electric by 0.5% during the 4th quarter. Franklin Resources Inc. now owns 573,239 shares of the industrial products company’s stock worth $55,793,000 after buying an additional 2,999 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EMR. Wells Fargo & Company decreased their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Barclays lowered their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada reduced their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $124.29.

Emerson Electric Stock Up 2.2 %

Shares of EMR opened at $105.93 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $107.23 and a two-hundred day moving average price of $109.47. The stock has a market cap of $60.60 billion, a price-to-earnings ratio of 5.67, a P/E/G ratio of 1.66 and a beta of 1.30. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the previous year, the firm earned $1.29 EPS. Emerson Electric’s quarterly revenue was up 11.0% on a year-over-year basis. Equities analysts predict that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Friday, August 16th. Emerson Electric’s payout ratio 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.