Greenleaf Trust Raises Holdings in Emerson Electric Co. (NYSE:EMR)

Greenleaf Trust boosted its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 51.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,990 shares of the industrial products company's stock after purchasing an additional 10,912 shares during the quarter. Greenleaf Trust's holdings in Emerson Electric were worth $3,114,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of EMR. Waverly Advisors LLC raised its position in shares of Emerson Electric by 100.2% in the 3rd quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company's stock valued at $1,460,000 after buying an additional 7,565 shares in the last quarter. Blackston Financial Advisory Group LLC bought a new stake in shares of Emerson Electric during the 4th quarter valued at approximately $241,000. FMR LLC grew its holdings in shares of Emerson Electric by 1.3% during the 3rd quarter. FMR LLC now owns 3,233,697 shares of the industrial products company's stock valued at $312,278,000 after purchasing an additional 41,263 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Emerson Electric during the 3rd quarter valued at approximately $320,000. Finally, Capital Advisors Inc. OK grew its holdings in shares of Emerson Electric by 821.0% during the 4th quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company's stock valued at $8,393,000 after purchasing an additional 76,868 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EMR. Bank of America boosted their target price on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, March 4th. KeyCorp boosted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, February 8th. Berenberg Bank boosted their target price on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, March 6th. Citigroup boosted their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a "buy" rating in a report on Monday, April 8th. Finally, Mizuho boosted their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a "buy" rating in a report on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.25.

Insider Activity at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the sale, the director now directly owns 9,591 shares of the company's stock, valued at $989,599.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is currently owned by insiders.

Emerson Electric Stock Down 0.7 %

Shares of Emerson Electric stock traded down $0.73 during trading on Friday, reaching $108.58. 2,108,076 shares of the company traded hands, compared to its average volume of 1,796,210. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. Emerson Electric Co. has a 1-year low of $76.94 and a 1-year high of $115.26. The company has a 50 day moving average price of $109.98 and a 200-day moving average price of $98.80. The firm has a market capitalization of $61.98 billion, a PE ratio of 5.66, a P/E/G ratio of 1.89 and a beta of 1.37.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.18. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. Emerson Electric's quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.78 EPS. As a group, equities research analysts expect that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric's dividend payout ratio is currently 10.94%.

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.