Legacy Private Trust Co. Increases Stake in Emerson Electric Co. (NYSE:EMR)

Legacy Private Trust Co. raised its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 11.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,138 shares of the industrial products company's stock after purchasing an additional 2,245 shares during the period. Legacy Private Trust Co.'s holdings in Emerson Electric were worth $2,318,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. GDS Wealth Management boosted its holdings in Emerson Electric by 2.0% in the fourth quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock valued at $491,000 after acquiring an additional 79 shares during the last quarter. Mcdonald Partners LLC lifted its stake in Emerson Electric by 0.6% in the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock valued at $1,761,000 after buying an additional 81 shares during the period. Little House Capital LLC lifted its stake in Emerson Electric by 0.5% in the fourth quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock valued at $2,108,000 after buying an additional 89 shares during the period. Sargent Investment Group LLC lifted its stake in Emerson Electric by 0.5% in the fourth quarter. Sargent Investment Group LLC now owns 16,986 shares of the industrial products company's stock valued at $2,012,000 after buying an additional 90 shares during the period. Finally, Pittenger & Anderson Inc. lifted its stake in Emerson Electric by 0.3% in the fourth quarter. Pittenger & Anderson Inc. now owns 36,035 shares of the industrial products company's stock valued at $4,466,000 after buying an additional 95 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

EMR traded up $1.73 during trading on Tuesday, hitting $120.59. The stock had a trading volume of 533,776 shares, compared to its average volume of 2,918,376. The company has a 50 day moving average price of $108.74 and a 200-day moving average price of $118.62. The firm has a market cap of $67.83 billion, a price-to-earnings ratio of 28.78, a P/E/G ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the prior year, the company posted $1.36 EPS. The company's revenue was up 1.3% compared to the same quarter last year. As a group, research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be given 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 1.75%. Emerson Electric's dividend payout ratio is presently 50.48%.

Insider Transactions at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's 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 completion of the sale, the chief executive officer now owns 164,957 shares of the company's stock, valued at $18,694,576.81. This trade represents a 9.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EMR. Citigroup raised their price target on Emerson Electric from $119.00 to $127.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Barclays raised their price target on Emerson Electric from $104.00 to $112.00 and gave the stock an "underweight" rating in a research report on Friday. Morgan Stanley raised their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research report on Thursday, February 6th. 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, Royal Bank of Canada lifted their target price on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have assigned 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 an average rating of "Moderate Buy" and a consensus price target of $133.53.

About Emerson Electric

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.