Greenleaf Trust Has $3.75 Million Stock Holdings in Emerson Electric Co. $EMR

Key Points

• Greenleaf Trust reduced its stake in Emerson Electric Co. by 22.2%, holding $3.75 million worth after selling 8,011 shares in the second quarter.
• Emerson Electric's recent earnings report indicated an EPS of $1.52, exceeding estimates, while revenue was $4.55 billion, slightly below expectations.
• The company issued a quarterly dividend of $0.5275 per share, reflecting a dividend yield of 1.6% with a payout ratio of 45.38%.

Greenleaf Trust trimmed its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 22.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,085 shares of the industrial products company's stock after selling 8,011 shares during the period. Greenleaf Trust's holdings in Emerson Electric were worth $3,745,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Saudi Central Bank acquired a new position in shares of Emerson Electric in the first quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new position in shares of Emerson Electric during the 1st quarter worth $28,000. Fourth Dimension Wealth LLC boosted its stake in shares of Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 154 shares in the last quarter. Finally, Garde Capital Inc. acquired a new position in shares of Emerson Electric during the first quarter worth $36,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Performance

Shares of EMR opened at $131.18 on Wednesday. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The stock's fifty day moving average price is $135.02 and its two-hundred day moving average price is $124.21. The firm has a market cap of $73.83 billion, a PE ratio of 28.21, a PEG ratio of 2.45 and a beta of 1.30.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter last year, the company earned $1.43 EPS. The firm's revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts forecast 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 Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric's payout ratio is currently 45.38%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on EMR shares. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Stephens lifted their price objective on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Citigroup raised their target price on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Bank of America increased their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, Wells Fargo & Company raised their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and a consensus target price of $143.76.

Emerson Electric Company 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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