Burke & Herbert Bank & Trust Co. Sells 2,899 Shares of Emerson Electric Co. (NYSE:EMR)

Burke & Herbert Bank & Trust Co. lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 14.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,978 shares of the industrial products company's stock after selling 2,899 shares during the period. Burke & Herbert Bank & Trust Co.'s holdings in Emerson Electric were worth $1,861,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Unison Advisors LLC boosted its holdings in shares of Emerson Electric by 0.5% in the 4th quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock valued at $2,629,000 after buying an additional 98 shares during the period. Texas Yale Capital Corp. lifted its stake in shares of Emerson Electric by 0.7% in the 4th quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company's stock worth $1,833,000 after acquiring an additional 100 shares during the period. Ecofi Investissements SA raised its holdings in shares of Emerson Electric by 0.3% in the 4th quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company's stock worth $4,111,000 after purchasing an additional 100 shares in the last quarter. Rosenberg Matthew Hamilton raised its holdings in shares of Emerson Electric by 5.3% in the 1st quarter. Rosenberg Matthew Hamilton now owns 2,017 shares of the industrial products company's stock worth $221,000 after purchasing an additional 101 shares in the last quarter. Finally, Donaldson Capital Management LLC raised its holdings in shares of Emerson Electric by 2.1% in the 4th quarter. Donaldson Capital Management LLC now owns 5,288 shares of the industrial products company's stock worth $655,000 after purchasing an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Trading Down 0.4%

Shares of EMR stock traded down $0.50 on Friday, reaching $137.30. The company had a trading volume of 1,475,984 shares, compared to its average volume of 2,985,133. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42. The stock has a market cap of $77.23 billion, a PE ratio of 24.22, a PEG ratio of 2.71 and a beta of 1.29. The company has a 50-day moving average of $121.74 and a 200-day moving average of $118.45. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $139.90.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The company had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. Emerson Electric's revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 EPS. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were issued a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.54%. Emerson Electric's dividend payout ratio (DPR) is currently 50.48%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on EMR shares. Wells Fargo & Company boosted their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday. Robert W. Baird decreased their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Barclays upped their price target on shares of Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a report on Monday, June 9th. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Royal Bank Of Canada boosted their price objective on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Emerson Electric has a consensus rating of "Moderate Buy" and a consensus price target of $138.61.

Insider Buying and Selling

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 shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the sale, the chief executive officer directly owned 164,957 shares in the company, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.50% of the company's stock.

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.