Sumitomo Mitsui Trust Group Inc. Sells 22,732 Shares of Emerson Electric Co. (NYSE:EMR)

Sumitomo Mitsui Trust Group Inc. lowered its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 1.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,130,353 shares of the industrial products company's stock after selling 22,732 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.38% of Emerson Electric worth $233,572,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock worth $1,412,000 after buying an additional 4,850 shares during the period. Los Angeles Capital Management LLC lifted its position in shares of Emerson Electric by 7.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 3,379 shares of the industrial products company's stock worth $419,000 after buying an additional 223 shares during the period. Kovack Advisors Inc. lifted its position in shares of Emerson Electric by 68.2% during the 4th quarter. Kovack Advisors Inc. now owns 3,826 shares of the industrial products company's stock worth $474,000 after buying an additional 1,552 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Emerson Electric during the 4th quarter worth approximately $36,113,000. Finally, Dynasty Wealth Management LLC lifted its position in shares of Emerson Electric by 355.8% during the 4th quarter. Dynasty Wealth Management LLC now owns 8,974 shares of the industrial products company's stock worth $1,112,000 after buying an additional 7,005 shares during the period. Institutional investors own 74.30% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on EMR. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Robert W. Baird cut their price objective 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. Citigroup lifted their price objective on Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Wells Fargo & Company lifted their price objective on Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Finally, KeyCorp lifted their price objective on Emerson Electric from $125.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, June 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Emerson Electric presently has an average rating of "Moderate Buy" and an average target price of $136.47.

Emerson Electric Trading Up 0.3%

EMR stock opened at $133.16 on Friday. The company has a market cap of $74.90 billion, a P/E ratio of 31.86, a PEG ratio of 2.63 and a beta of 1.28. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. The business has a fifty day moving average of $118.27 and a 200-day moving average of $118.15.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. The company had revenue of $4.43 billion during 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 firm's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.36 earnings per share. As a group, equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.58%. Emerson Electric's dividend payout ratio is presently 50.48%.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company'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 completion of the sale, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.50% of the stock is currently owned by corporate insiders.

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.

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