St. Louis Trust Co Increases Stock Position in Emerson Electric Co. (NYSE:EMR)

St. Louis Trust Co lifted its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 21.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,864 shares of the industrial products company's stock after acquiring an additional 1,891 shares during the period. St. Louis Trust Co's holdings in Emerson Electric were worth $1,191,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EMR. Norges Bank bought a new position in Emerson Electric during the 4th quarter valued at about $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Emerson Electric by 3,866.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock valued at $374,581,000 after buying an additional 2,946,310 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Emerson Electric by 210.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company's stock worth $215,602,000 after buying an additional 1,333,839 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Emerson Electric by 12,707.7% in the first quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock valued at $123,503,000 after acquiring an additional 1,117,646 shares during the period. Finally, Lazard Asset Management LLC increased its position in shares of Emerson Electric by 230,061.8% during the 4th quarter. Lazard Asset Management LLC now owns 819,376 shares of the industrial products company's stock valued at $101,545,000 after purchasing an additional 819,020 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

Shares of EMR traded up $0.00 during trading hours on Monday, hitting $144.23. 838,136 shares of the stock were exchanged, compared to its average volume of 2,989,142. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. The stock's 50-day moving average price is $128.27 and its two-hundred day moving average price is $119.51. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $145.58. The company has a market cap of $81.13 billion, a price-to-earnings ratio of 34.50, a price-to-earnings-growth ratio of 2.80 and a beta of 1.29.

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

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is 50.48%.

Insider Activity

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer owned 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on EMR shares. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Barclays upped their price objective on Emerson Electric from $118.00 to $125.00 and gave the stock an "underweight" rating in a report on Wednesday, July 9th. KeyCorp boosted their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Finally, Robert W. Baird cut their price target on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a 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 two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Emerson Electric presently has an average rating of "Moderate Buy" and a consensus target price of $142.28.

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.