Pioneer Trust Bank N A OR Invests $465,000 in Emerson Electric Co. (NYSE:EMR)

Pioneer Trust Bank N A OR purchased a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,239 shares of the industrial products company's stock, valued at approximately $465,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock valued at $1,412,000 after buying an additional 4,850 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Emerson Electric in the fourth quarter worth approximately $291,000. Natixis Advisors LLC increased its stake in shares of Emerson Electric by 8.7% during the 4th quarter. Natixis Advisors LLC now owns 360,988 shares of the industrial products company's stock worth $44,737,000 after purchasing an additional 29,022 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Emerson Electric by 0.5% during the 4th quarter. Corient Private Wealth LLC now owns 963,780 shares of the industrial products company's stock valued at $119,441,000 after purchasing an additional 5,224 shares in the last quarter. Finally, Sovereign Investment Advisors LLC acquired a new stake in shares of Emerson Electric in the 4th quarter valued at $363,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

Shares of EMR traded down $0.17 on Monday, hitting $139.93. The company's stock had a trading volume of 1,636,084 shares, compared to its average volume of 3,089,169. The company has a market capitalization of $78.71 billion, a PE ratio of 33.48, a PEG ratio of 2.72 and a beta of 1.29. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $142.32. The company has a 50 day moving average price of $125.11 and a 200 day moving average price of $118.89. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59.

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

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio is currently 50.48%.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction on 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 directly owned 164,957 shares in the company, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on EMR. 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. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Bank of America lifted their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Robert W. Baird cut their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric has an average rating of "Moderate Buy" and a consensus target price of $140.89.

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.