Chevy Chase Trust Holdings LLC Decreases Position in Emerson Electric Co. (NYSE:EMR)

Chevy Chase Trust Holdings LLC lessened its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 1.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 303,620 shares of the industrial products company's stock after selling 4,115 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Emerson Electric worth $33,289,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of EMR. Unison Advisors LLC lifted its stake in shares of Emerson Electric by 0.5% in the fourth quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock worth $2,629,000 after acquiring an additional 98 shares during the period. Texas Yale Capital Corp. lifted its position 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 purchasing an additional 100 shares during the period. Ecofi Investissements SA boosted its stake 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 valued at $4,111,000 after purchasing an additional 100 shares during the last quarter. Apriem Advisors increased its position in shares of Emerson Electric by 2.1% during the fourth quarter. Apriem Advisors now owns 5,051 shares of the industrial products company's stock worth $626,000 after buying an additional 105 shares during the period. Finally, Donaldson Capital Management LLC raised its stake in Emerson Electric by 2.1% during the fourth quarter. Donaldson Capital Management LLC now owns 5,288 shares of the industrial products company's stock worth $655,000 after buying an additional 107 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on EMR. 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 report on Thursday, May 8th. Citigroup raised their target price on Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Wells Fargo & Company boosted their price target on Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, Barclays lifted their price objective on shares of Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a research note on Monday, June 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $136.47.

Emerson Electric Stock Down 1.0%

Shares of Emerson Electric stock traded down $1.27 on Wednesday, hitting $129.46. The company had a trading volume of 2,589,385 shares, compared to its average volume of 2,975,393. The stock has a market capitalization of $72.82 billion, a price-to-earnings ratio of 30.97, a P/E/G ratio of 2.56 and a beta of 1.28. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The stock has a 50 day moving average of $116.32 and a 200-day moving average of $118.12.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data 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 13.22% and a net margin of 13.60%. The business had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.42 billion. During the same period last year, the business earned $1.36 EPS. The business's revenue was up 1.3% on a year-over-year basis. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's payout ratio is 50.48%.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer now owns 164,957 shares in the company, valued at $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.50% of the company's stock.

About Emerson Electric

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.