Ledyard National Bank Has $3.14 Million Stake in Emerson Electric Co. (NYSE:EMR)

Ledyard National Bank decreased its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 20.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,600 shares of the industrial products company's stock after selling 7,225 shares during the period. Ledyard National Bank's holdings in Emerson Electric were worth $3,136,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EMR. Norges Bank bought a new stake in Emerson Electric in the fourth quarter worth $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Emerson Electric by 3,866.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock worth $374,581,000 after buying an additional 2,946,310 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Emerson Electric during the 4th quarter worth about $297,947,000. Boston Partners increased its holdings in shares of Emerson Electric by 136.3% during the 4th quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock valued at $411,944,000 after acquiring an additional 1,913,120 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Emerson Electric by 234.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock valued at $252,313,000 after acquiring an additional 1,426,718 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on EMR. Robert W. Baird decreased their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Wells Fargo & Company raised their target price on shares of Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. JPMorgan Chase & Co. boosted their target price 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. Finally, Barclays raised their price target on Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a research report on Monday, June 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $136.47.

Emerson Electric Stock Performance

Shares of EMR stock traded down $1.27 during mid-day trading on Wednesday, reaching $129.46. The stock had a trading volume of 2,589,386 shares, compared to its average volume of 2,975,393. The firm has a market cap of $72.82 billion, a PE ratio of 30.97, a P/E/G ratio of 2.56 and a beta of 1.28. 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 Co. has a one year low of $90.06 and a one year high of $134.85. The firm's 50 day simple moving average is $116.32 and its 200 day simple moving average is $118.12.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the previous year, the company earned $1.36 earnings per share. The business's revenue was up 1.3% compared to the same quarter last year. On average, analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Friday, May 16th. Emerson Electric's dividend payout ratio is 50.48%.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 164,957 shares of the company's stock, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.50% of the company's stock.

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.