Texas Bank & Trust Co Invests $327,000 in Emerson Electric Co. (NYSE:EMR)

Texas Bank & Trust Co bought a new position in Emerson Electric Co. (NYSE:EMR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,642 shares of the industrial products company's stock, valued at approximately $327,000.

A number of other institutional investors have also recently made changes to their positions in the company. GDS Wealth Management grew its stake in Emerson Electric by 2.0% in the fourth quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock valued at $491,000 after purchasing an additional 79 shares during the last quarter. Mcdonald Partners LLC boosted its holdings in shares of Emerson Electric by 0.6% in the 4th quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock valued at $1,761,000 after buying an additional 81 shares in the last quarter. Berkshire Bank grew its position in shares of Emerson Electric by 3.6% in the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock worth $321,000 after buying an additional 89 shares during the last quarter. Little House Capital LLC raised its stake in shares of Emerson Electric by 0.5% during the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock worth $2,108,000 after acquiring an additional 89 shares in the last quarter. Finally, Grove Bank & Trust lifted its position in Emerson Electric by 5.4% during the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock valued at $217,000 after acquiring an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the sale, the chief executive officer now directly owns 164,957 shares of the company's stock, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EMR shares. Morgan Stanley upped their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research report on Thursday, February 6th. Robert W. Baird decreased their price target on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Daiwa Capital Markets started coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price objective on the stock. KeyCorp lowered their target price on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Daiwa America raised shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average price target of $133.06.

Emerson Electric Stock Performance

Shares of NYSE EMR traded up $1.22 during trading on Thursday, reaching $117.37. 3,058,496 shares of the company traded hands, compared to its average volume of 2,911,467. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock has a market cap of $66.02 billion, a P/E ratio of 28.01, a PEG ratio of 2.49 and a beta of 1.26. The firm's fifty day simple moving average is $107.83 and its 200 day simple moving average is $119.06.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. During the same period last year, the business earned $1.36 earnings per share. Emerson Electric's quarterly revenue was up 1.3% on a year-over-year basis. As a group, research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

Emerson Electric Company 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.