Emerson Electric Co. $EMR Stock Sold by Keybank National Association OH

Key Points

• Keybank National Association OH cut its Emerson Electric stake by 15.6% in the third quarter, selling 154,859 shares and retaining 840,563 shares valued at about $130.4 million.
• Analysts give Emerson Electric a “Moderate Buy” consensus rating, with an average price target of $175.38; 18 analysts rate the stock Buy or Strong Buy.
• Emerson reported quarterly EPS of $1.86 and revenue of $5.20 billion, both slightly above expectations, and raised its quarterly dividend from $0.555 to $0.595 per share.

Keybank National Association OH cut its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 15.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 840,563 shares of the industrial products company's stock after selling 154,859 shares during the quarter. Keybank National Association OH owned 0.15% of Emerson Electric worth $130,371,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EMR. ABS Investment Management LLC bought a new position in shares of Emerson Electric during the 2nd quarter worth approximately $858,900,000. William Mack & Associates Inc. acquired a new stake in shares of Emerson Electric in the third quarter valued at approximately $25,000. Financial Management Professionals Inc. raised its holdings in shares of Emerson Electric by 100.0% in the third quarter. Financial Management Professionals Inc. now owns 172 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 86 shares during the last quarter. Next Level Wealth Planning LLC bought a new stake in shares of Emerson Electric in the third quarter worth $27,000. Finally, Quest 10 Wealth Builders Inc. lifted its position in shares of Emerson Electric by 113.3% in the third quarter. Quest 10 Wealth Builders Inc. now owns 192 shares of the industrial products company's stock worth $30,000 after purchasing an additional 102 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Analyst Ratings Changes

EMR has been the subject of several recent research reports. Rothschild & Co Redburn increased their target price on shares of Emerson Electric from $165.00 to $180.00 in a report on Thursday, August 6th. Mizuho lifted their price target on shares of Emerson Electric from $173.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, October 15th. Evercore cut their price target on shares of Emerson Electric from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Monday, August 31st. Stephens increased their price objective on shares of Emerson Electric from $155.00 to $160.00 in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Emerson Electric from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and an average target price of $175.38.

Emerson Electric Trading Down 1.1%

Shares of Emerson Electric stock opened at $167.68 on Wednesday. Emerson Electric Co. has a 12-month low of $122.64 and a 12-month high of $172.00. The stock has a market cap of $93.91 billion, a P/E ratio of 25.80, a P/E/G ratio of 2.38 and a beta of 1.23. The company has a quick ratio of 0.70, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The business's 50 day moving average is $158.50 and its 200-day moving average is $147.80.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.01. Emerson Electric had a net margin of 14.15% and a return on equity of 18.08%. The business had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.11 billion. During the same period last year, the business earned $1.62 earnings per share. The firm's revenue was up .0% on a year-over-year basis. Equities research analysts predict that Emerson Electric Co. will post 7.35 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 13th will be paid a $0.5950 dividend. This is an increase from Emerson Electric's previous quarterly dividend of $0.5550. This represents a $2.38 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, November 13th. Emerson Electric's dividend payout ratio is 46.44%.

Emerson Electric Company Profile

Emerson Electric Co. is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software. The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.

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