UMB Bank n.a. Sells 51,625 Shares of Emerson Electric Co. (NYSE:EMR)

UMB Bank n.a. cut its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 43.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,313 shares of the industrial products company's stock after selling 51,625 shares during the period. UMB Bank n.a.'s holdings in Emerson Electric were worth $7,490,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of EMR. Norges Bank bought a new stake in Emerson Electric during the 4th quarter worth approximately $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position 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 worth $374,581,000 after acquiring an additional 2,946,310 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Emerson Electric during the 4th quarter worth approximately $297,947,000. Boston Partners grew its position in Emerson Electric by 136.3% during the 4th quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock worth $411,944,000 after acquiring an additional 1,913,120 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in Emerson Electric by 234.2% during the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock worth $252,313,000 after acquiring an additional 1,426,718 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on EMR shares. Barclays lifted their target price on Emerson Electric from $104.00 to $112.00 and gave the company an "underweight" rating in a research note on Friday, May 30th. KeyCorp lowered their price objective on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company boosted their price objective on Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. boosted their price objective on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, Citigroup boosted their price objective on Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Two 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 currently has an average rating of "Moderate Buy" and an average target price of $134.65.

Insider Activity at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company'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 completion of the transaction, the chief executive officer now owns 164,957 shares of the company's stock, valued at $18,694,576.81. This represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is owned by insiders.

Emerson Electric Stock Performance

Shares of EMR stock opened at $123.68 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The stock has a market cap of $69.57 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The stock has a 50-day moving average of $109.70 and a 200-day moving average of $118.43. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly 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. 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 during the quarter, compared to analysts' expectations of $4.42 billion. During the same period in the prior year, the business posted $1.36 EPS. Emerson Electric's revenue was up 1.3% on a year-over-year basis. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be given a $0.5275 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.71%. Emerson Electric's dividend payout ratio is presently 50.48%.

About Emerson Electric

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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