Emerson Electric Co. $EMR Position Lessened by Newport Trust Company LLC

Key Points

• Newport Trust Company LLC reduced its stake in Emerson Electric Co. by 3.2%, owning approximately $534.60 million worth of shares after selling 159,048 shares.
• Emerson Electric has recently declared a quarterly dividend of $0.5275 per share, reflecting an annual yield of 1.6%.
• Multiple analysts have adjusted their price targets for Emerson Electric, with estimates ranging from $130.00 to $165.00, indicating a mix of ratings from "neutral" to "buy."

Newport Trust Company LLC reduced its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 3.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,875,981 shares of the industrial products company's stock after selling 159,048 shares during the quarter. Emerson Electric makes up 1.4% of Newport Trust Company LLC's portfolio, making the stock its 14th biggest holding. Newport Trust Company LLC owned approximately 0.87% of Emerson Electric worth $534,603,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its stake in Emerson Electric by 2.3% during the first quarter. Ameriprise Financial Inc. now owns 1,020,815 shares of the industrial products company's stock worth $111,910,000 after acquiring an additional 23,156 shares during the last quarter. Norinchukin Bank The increased its stake in Emerson Electric by 12.1% during the first quarter. Norinchukin Bank The now owns 25,791 shares of the industrial products company's stock worth $2,828,000 after acquiring an additional 2,779 shares during the last quarter. CW Advisors LLC increased its stake in Emerson Electric by 77.2% during the first quarter. CW Advisors LLC now owns 3,789 shares of the industrial products company's stock worth $420,000 after acquiring an additional 1,651 shares during the last quarter. Summit Financial LLC boosted its position in shares of Emerson Electric by 7.5% in the first quarter. Summit Financial LLC now owns 20,519 shares of the industrial products company's stock worth $2,250,000 after buying an additional 1,425 shares during the period. Finally, Partners Capital Investment Group LLP purchased a new stake in shares of Emerson Electric in the first quarter worth about $352,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. TD Cowen raised Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada upped their target price on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. 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. Bank of America upped their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Wells Fargo & Company upped their target price on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $142.39.

Emerson Electric Price Performance

NYSE EMR traded down $1.2850 on Monday, reaching $132.4850. 2,123,215 shares of the stock traded hands, compared to its average volume of 3,160,060. The firm's fifty day simple moving average is $137.06 and its 200 day simple moving average is $121.85. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a market cap of $74.56 billion, a price-to-earnings ratio of 28.49, a P/E/G ratio of 2.61 and a beta of 1.32. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.01. The business had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company's revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $1.43 EPS. As a group, research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 15th. Emerson Electric's dividend payout ratio (DPR) is 45.38%.

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.