Emerson Electric Co. (NYSE:EMR) Shares Sold by M&T Bank Corp

M&T Bank Corp trimmed its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 5.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 490,211 shares of the industrial products company's stock after selling 28,078 shares during the quarter. M&T Bank Corp owned 0.09% of Emerson Electric worth $53,747,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of EMR. Orion Capital Management LLC purchased a new stake in Emerson Electric during the fourth quarter valued at about $25,000. Vega Investment Solutions purchased a new stake in Emerson Electric during the fourth quarter valued at about $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Emerson Electric during the fourth quarter valued at about $28,000. Inlight Wealth Management LLC purchased a new stake in Emerson Electric during the first quarter valued at about $28,000. Finally, Fourth Dimension Wealth LLC lifted its stake in Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after buying an additional 154 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction dated 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 directly owned 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 SEC, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Emerson Electric Trading Down 1.0%

NYSE:EMR opened at $138.40 on Tuesday. The stock's 50 day moving average price is $122.42 and its 200 day moving average price is $118.50. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $139.90. The company has a market capitalization of $77.85 billion, a P/E ratio of 33.11, a P/E/G ratio of 2.71 and a beta of 1.29. 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 (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the prior year, the company posted $1.36 earnings per share. The firm's revenue was up 1.3% on a year-over-year basis. On average, research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.52%. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EMR shares. Royal Bank Of Canada upped their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Wells Fargo & Company upped their target price on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Citigroup upped their target price on Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, KeyCorp upped their target price on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of "Moderate Buy" and a consensus target price of $139.21.

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.

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