Emerson Electric Co. (NYSE:EMR) Shares Sold by Park National Corp OH

Park National Corp OH lowered its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 6.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,779 shares of the industrial products company's stock after selling 3,767 shares during the quarter. Park National Corp OH's holdings in Emerson Electric were worth $6,445,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EMR. Stephens Consulting LLC acquired a new position in shares of Emerson Electric during the fourth quarter valued at approximately $25,000. Orion Capital Management LLC acquired a new position in shares of Emerson Electric during the fourth quarter valued at approximately $25,000. Vega Investment Solutions acquired a new position in shares of Emerson Electric during the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $28,000. Finally, YANKCOM Partnership purchased a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on EMR shares. Barclays upped their price target on Emerson Electric from $104.00 to $112.00 and gave the company an "underweight" rating in a research report on Friday. Royal Bank of Canada increased their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating 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 research report on Friday, May 9th. Wells Fargo & Company raised their price target on Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Finally, Robert W. Baird lowered their price target 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $133.53.

Insider Transactions at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer now owns 164,957 shares in the company, valued at $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.50% of the company's stock.

Emerson Electric Stock Down 1.2%

Emerson Electric stock traded down $1.48 during midday trading on Monday, reaching $117.90. The company's stock had a trading volume of 764,132 shares, compared to its average volume of 2,922,655. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The company has a market cap of $66.32 billion, a P/E ratio of 28.16, a P/E/G ratio of 2.49 and a beta of 1.26. The business has a 50-day simple moving average of $108.64 and a 200-day simple moving average of $118.68.

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, 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 company had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.42 billion. During the same period last year, the firm earned $1.36 earnings per share. Emerson Electric's quarterly revenue was up 1.3% on a year-over-year basis. On average, research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is currently 50.48%.

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.