Emerson Electric Co. (NYSE:EMR) Shares Sold by Trust Point Inc.

Trust Point Inc. reduced its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 27.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 11,933 shares of the industrial products company's stock after selling 4,474 shares during the quarter. Trust Point Inc.'s holdings in Emerson Electric were worth $1,308,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Hanson & Doremus Investment Management increased its stake in Emerson Electric by 57.8% in the 1st quarter. Hanson & Doremus Investment Management now owns 18,983 shares of the industrial products company's stock valued at $2,081,000 after buying an additional 6,956 shares during the period. Acropolis Investment Management LLC grew its stake in shares of Emerson Electric by 4.1% during the 1st quarter. Acropolis Investment Management LLC now owns 5,619 shares of the industrial products company's stock worth $616,000 after purchasing an additional 219 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Emerson Electric by 24.8% during the 1st quarter. Exchange Traded Concepts LLC now owns 176,671 shares of the industrial products company's stock worth $19,370,000 after purchasing an additional 35,113 shares during the period. Cornell Pochily Investment Advisors Inc. grew its stake in shares of Emerson Electric by 1.6% during the 1st quarter. Cornell Pochily Investment Advisors Inc. now owns 28,977 shares of the industrial products company's stock worth $3,177,000 after purchasing an additional 453 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in shares of Emerson Electric by 12.6% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 485,040 shares of the industrial products company's stock worth $53,180,000 after purchasing an additional 54,261 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EMR has been the topic of a number of recent analyst reports. Citigroup upped their price target on shares of Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. KeyCorp upped their price target on shares of Emerson Electric from $125.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Royal Bank of Canada boosted their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, Robert W. Baird decreased their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Two 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 company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $136.47.

Insider Transactions at Emerson Electric

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

Emerson Electric Price Performance

NYSE:EMR opened at $125.45 on Monday. The firm has a market cap of $70.57 billion, a price-to-earnings ratio of 29.94, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. 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 company's 50-day moving average is $112.36 and its two-hundred day moving average is $118.22. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85.

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

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders 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 dividend yield of 1.68%. Emerson Electric's payout ratio is currently 50.48%.

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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