UMB Bank n.a. Has $7.29 Million Holdings in Emerson Electric Co. $EMR

Key Points

• UMB Bank n.a. reduced its stake in Emerson Electric Co. by 20%, now owning 54,671 shares worth approximately $7.29 million.
• Emerson Electric reported $1.52 earnings per share (EPS) for its latest quarter, exceeding analysts' expectations by $0.01, and a revenue of $4.55 billion.
• The company announced a quarterly dividend of $0.5275 per share, representing an annual yield of 1.6%.

UMB Bank n.a. trimmed its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 20.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 54,671 shares of the industrial products company's stock after selling 13,642 shares during the quarter. UMB Bank n.a.'s holdings in Emerson Electric were worth $7,289,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Saudi Central Bank purchased a new position in Emerson Electric during the first quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric in the first quarter valued at about $27,000. Inlight Wealth Management LLC acquired a new stake in Emerson Electric during the 1st quarter valued at approximately $28,000. Fourth Dimension Wealth LLC grew its position in shares of Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock worth $29,000 after acquiring an additional 154 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new position in shares of Emerson Electric in the 4th quarter worth approximately $30,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 1.4%

Shares of EMR stock traded down $1.92 during trading hours on Tuesday, reaching $130.92. The company had a trading volume of 1,300,224 shares, compared to its average volume of 3,129,796. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company has a 50 day moving average of $136.49 and a 200 day moving average of $123.49. The firm has a market cap of $73.68 billion, a price-to-earnings ratio of 28.18, a P/E/G ratio of 2.51 and a beta of 1.30.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.51 by $0.01. The firm had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company's revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 EPS. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric's payout ratio is presently 45.38%.

Analyst Ratings Changes

Several brokerages have weighed in on EMR. Barclays raised Emerson Electric from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Citigroup lifted their target price on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Stephens lifted their target price on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Bank of America lifted their target price on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, Wells Fargo & Company lifted their target price on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $142.39.

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.