First County Bank CT Acquires New Position in Emerson Electric Co. (NYSE:EMR)

First County Bank CT purchased a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 18,304 shares of the industrial products company's stock, valued at approximately $2,007,000. Emerson Electric makes up approximately 1.1% of First County Bank CT's holdings, making the stock its 23rd largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. GDS Wealth Management boosted its stake in shares of Emerson Electric by 2.0% in the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock valued at $491,000 after purchasing an additional 79 shares in the last quarter. Mcdonald Partners LLC boosted its stake in shares of Emerson Electric by 0.6% in the 4th quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock valued at $1,761,000 after purchasing an additional 81 shares in the last quarter. Little House Capital LLC boosted its stake in shares of Emerson Electric by 0.5% in the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock valued at $2,108,000 after purchasing an additional 89 shares in the last quarter. Sargent Investment Group LLC boosted its stake in shares of Emerson Electric by 0.5% in the 4th quarter. Sargent Investment Group LLC now owns 16,986 shares of the industrial products company's stock valued at $2,012,000 after purchasing an additional 90 shares in the last quarter. Finally, Pittenger & Anderson Inc. boosted its stake in shares of Emerson Electric by 0.3% in the 4th quarter. Pittenger & Anderson Inc. now owns 36,035 shares of the industrial products company's stock valued at $4,466,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Trading Down 0.5%

NYSE EMR traded down $0.65 during trading on Friday, hitting $119.27. The company had a trading volume of 4,057,167 shares, compared to its average volume of 2,931,099. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85. The company has a market cap of $67.09 billion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. The company's fifty day moving average is $108.64 and its 200-day moving average is $118.75.

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

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be issued a $0.5275 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.77%. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. 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. JPMorgan Chase & Co. upped their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. KeyCorp dropped their price target on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company increased their price target on shares of Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Finally, Morgan Stanley increased their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $133.53.

Insider Buying and Selling

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the transaction, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.