Emerson Electric Co. (NYSE:EMR) Holdings Trimmed by UMB Bank n.a.

UMB Bank n.a. cut its holdings in Emerson Electric Co. (NYSE:EMR) by 4.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,992 shares of the industrial products company’s stock after selling 5,160 shares during the quarter. UMB Bank n.a.’s holdings in Emerson Electric were worth $13,670,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of EMR. Newport Trust Company LLC acquired a new position in Emerson Electric in the second quarter worth approximately $574,908,000. Wellington Management Group LLP grew its holdings in shares of Emerson Electric by 12.5% in the 4th quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock worth $1,307,680,000 after acquiring an additional 1,488,948 shares during the last quarter. Perpetual Ltd raised its position in shares of Emerson Electric by 57,336.1% during the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock worth $131,918,000 after purchasing an additional 1,204,058 shares during the period. Swedbank AB purchased a new stake in shares of Emerson Electric during the first quarter valued at $129,670,000. Finally, Clean Energy Transition LLP boosted its position in shares of Emerson Electric by 110.7% in the 1st quarter. Clean Energy Transition LLP now owns 1,885,183 shares of the industrial products company’s stock valued at $213,817,000 after purchasing an additional 990,615 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EMR has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Barclays decreased their price objective on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Oppenheimer increased their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Redburn Atlantic began coverage on Emerson Electric in a report on Monday, July 8th. They set a “buy” rating and a $135.00 price target on the stock. Finally, Morgan Stanley began coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $124.59.

Emerson Electric Stock Down 0.0 %

Shares of Emerson Electric stock traded down $0.01 during midday trading on Thursday, reaching $110.87. 340,027 shares of the company’s stock traded hands, compared to its average volume of 2,721,005. The company has a market cap of $63.43 billion, a price-to-earnings ratio of 5.93, a price-to-earnings-growth ratio of 1.74 and a beta of 1.30. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $119.53. The company’s 50 day simple moving average is $105.02 and its 200 day simple moving average is $109.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the prior year, the company posted $1.29 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. Equities analysts expect that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.89%. Emerson Electric’s payout ratio is presently 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.