Fifth Third Bancorp Lowers Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Fifth Third Bancorp lowered its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 6.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 455,863 shares of the industrial products company's stock after selling 33,428 shares during the period. Fifth Third Bancorp owned 0.08% of Emerson Electric worth $49,981,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EMR. Orion Capital Management LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at $25,000. Vega Investment Solutions acquired a new position in Emerson Electric in the fourth quarter valued at about $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Emerson Electric during the fourth quarter worth about $28,000. Ameriflex Group Inc. acquired a new stake in shares of Emerson Electric during the fourth quarter valued at about $30,000. Finally, Meeder Asset Management Inc. raised its stake in shares of Emerson Electric by 208.2% in the 4th quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 202 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EMR has been the subject of several research reports. Robert W. Baird dropped their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Wells Fargo & Company lifted their price objective on Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. KeyCorp increased their target price on Emerson Electric from $125.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday. JPMorgan Chase & Co. lifted their target price on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Emerson Electric presently has an average rating of "Moderate Buy" and a consensus price target of $136.47.

Emerson Electric Stock Up 2.5%

NYSE:EMR traded up $3.09 during trading hours on Monday, hitting $128.63. The company's stock had a trading volume of 2,853,591 shares, compared to its average volume of 2,959,063. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85. 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 stock has a market capitalization of $72.36 billion, a P/E ratio of 30.70, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The stock has a fifty day moving average of $113.06 and a 200-day moving average of $118.19.

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, beating analysts' consensus estimates of $1.41 by $0.07. The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The business's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.36 EPS. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is 50.48%.

Insider Buying and Selling

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the transaction, the chief executive officer now owns 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.50% of the stock is owned by company insiders.

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.