Emerson Electric Co. (NYSE:EMR) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lessened its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 2.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 554,747 shares of the industrial products company's stock after selling 13,968 shares during the quarter. Fifth Third Bancorp owned approximately 0.10% of Emerson Electric worth $62,919,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Accordant Advisory Group Inc acquired a new position in Emerson Electric in the first quarter worth $29,000. Tobam boosted its holdings in Emerson Electric by 2,275.0% in the fourth quarter. Tobam now owns 285 shares of the industrial products company's stock worth $28,000 after purchasing an additional 273 shares during the period. Security National Bank acquired a new position in Emerson Electric in the fourth quarter worth $29,000. Tributary Capital Management LLC acquired a new position in Emerson Electric in the first quarter worth $35,000. Finally, Cape Investment Advisory Inc. boosted its holdings in Emerson Electric by 148.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company's stock worth $31,000 after purchasing an additional 188 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Mizuho boosted their price target on shares of Emerson Electric from $118.00 to $130.00 and gave the company a "buy" rating in a report on Thursday, February 8th. KeyCorp boosted their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, February 8th. Citigroup boosted their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the company a "buy" rating in a report on Monday, April 8th. UBS Group boosted their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the company a "neutral" rating in a report on Thursday, March 21st. Finally, Royal Bank of Canada lifted their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Emerson Electric presently has an average rating of "Moderate Buy" and a consensus price target of $116.25.

Insider Buying and Selling at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of the business's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the completion of the sale, the director now owns 9,591 shares of the company's stock, valued at approximately $989,599.38. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.25% of the company's stock.

Emerson Electric Trading Down 0.0 %

NYSE EMR traded down $0.04 on Thursday, hitting $106.41. 3,556,416 shares of the company were exchanged, compared to its average volume of 2,643,217. The company's 50 day moving average price is $110.57 and its 200-day moving average price is $99.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. The firm has a market capitalization of $60.74 billion, a P/E ratio of 5.54, a price-to-earnings-growth ratio of 1.87 and a beta of 1.36. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $115.26.

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 for the quarter, beating the consensus estimate of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The company had revenue of $4.12 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter in the previous year, the business posted $0.78 EPS. The business's revenue for the quarter was up 22.1% on a year-over-year basis. Analysts predict that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were paid a dividend of $0.525 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.10 annualized dividend and a yield of 1.97%. Emerson Electric's dividend payout ratio (DPR) is presently 10.94%.

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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