Trust Point Inc. Has $1.31 Million Stake in Emerson Electric Co. (NYSE:EMR)

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

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Emerson Electric by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock valued at $6,634,837,000 after acquiring an additional 384,313 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Emerson Electric by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock valued at $1,443,725,000 after purchasing an additional 232,540 shares in the last quarter. Norges Bank bought a new position in Emerson Electric in the 4th quarter valued at about $885,886,000. Northern Trust Corp increased its stake in Emerson Electric by 5.9% during the 4th quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock valued at $827,377,000 after buying an additional 370,560 shares during the period. Finally, Schroder Investment Management Group lifted its stake in shares of Emerson Electric by 4.1% in the 4th quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock worth $542,379,000 after acquiring an additional 171,946 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EMR. Wells Fargo & Company boosted their target price on Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Barclays upped their price objective on 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. KeyCorp raised their price objective on shares of Emerson Electric from $125.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, June 13th. Finally, Royal Bank Of Canada boosted their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $136.47.

Insider Activity at Emerson Electric

In other 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 sale, the chief executive officer now directly owns 164,957 shares of the company's stock, valued at $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by insiders.

Emerson Electric Stock Performance

Emerson Electric stock traded up $1.17 during trading hours on Thursday, hitting $128.54. The stock had a trading volume of 2,429,520 shares, compared to its average volume of 2,963,550. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The company has a market cap of $72.31 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 2.52 and a beta of 1.28. The company has a 50-day moving average of $114.00 and a two-hundred day moving average of $118.33. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR - Get Free Report) last released 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. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The company's revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.36 EPS. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) 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.