Stonebridge Capital Management Inc. Has $1.15 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Key Points

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Stonebridge Capital Management Inc. decreased its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 20.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,470 shares of the industrial products company's stock after selling 2,749 shares during the period. Stonebridge Capital Management Inc.'s holdings in Emerson Electric were worth $1,148,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new stake in Emerson Electric during the fourth quarter valued at $25,000. Vega Investment Solutions acquired a new stake in shares of Emerson Electric in the fourth quarter worth about $27,000. Ameriflex Group Inc. acquired a new stake in shares of Emerson Electric in the fourth quarter worth about $30,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric in the first quarter worth about $27,000. Finally, Inlight Wealth Management LLC acquired a new stake in shares of Emerson Electric in the first quarter worth about $28,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on EMR shares. Robert W. Baird reduced 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. Royal Bank Of Canada boosted their price target 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 research report on Friday, May 9th. Barclays raised Emerson Electric from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $125.00 to $127.00 in a research report on Thursday. Finally, KeyCorp boosted their price objective on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $142.39.

Emerson Electric Trading Down 0.0%

EMR stock opened at $132.82 on Friday. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The firm has a market cap of $74.75 billion, a P/E ratio of 28.56, a P/E/G ratio of 2.58 and a beta of 1.32. The business's 50 day moving average is $135.34 and its 200-day moving average is $121.71. The company has a current ratio of 0.85, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.01. The business had revenue of $4.55 billion for 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%. Emerson Electric's revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.43 EPS. Equities analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a dividend of $0.5275 per share. The ex-dividend date is Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. Emerson Electric's dividend payout ratio is 45.38%.

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.

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