M&T Bank Corp Sells 26,503 Shares of Emerson Electric Co. (NYSE:EMR)

M&T Bank Corp reduced its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 557,426 shares of the industrial products company's stock after selling 26,503 shares during the quarter. M&T Bank Corp owned approximately 0.10% of Emerson Electric worth $54,254,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. PFG Advisors lifted its position in Emerson Electric by 4.5% during the fourth quarter. PFG Advisors now owns 2,495 shares of the industrial products company's stock worth $243,000 after acquiring an additional 108 shares during the last quarter. Accel Wealth Management lifted its position in Emerson Electric by 3.6% during the fourth quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company's stock worth $315,000 after acquiring an additional 114 shares during the last quarter. Beaumont Financial Advisors LLC lifted its position in Emerson Electric by 5.3% during the fourth quarter. Beaumont Financial Advisors LLC now owns 2,278 shares of the industrial products company's stock worth $222,000 after acquiring an additional 114 shares during the last quarter. Silverlake Wealth Management LLC lifted its position in Emerson Electric by 2.8% during the fourth quarter. Silverlake Wealth Management LLC now owns 4,256 shares of the industrial products company's stock worth $414,000 after acquiring an additional 115 shares during the last quarter. Finally, Cooper Financial Group lifted its position in Emerson Electric by 2.4% during the fourth quarter. Cooper Financial Group now owns 5,019 shares of the industrial products company's stock worth $488,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 74.30% of the company's stock.

Insider Buying and Selling at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the company's stock in a transaction 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 completion of the sale, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.25% of the stock is currently owned by company insiders.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded up $0.13 during midday trading on Friday, hitting $106.54. 5,925,874 shares of the company traded hands, compared to its average volume of 2,217,240. The firm's fifty day moving average price is $110.58 and its 200-day moving average price is $99.74. The stock has a market cap of $60.81 billion, a price-to-earnings ratio of 5.55, a PEG ratio of 1.84 and a beta of 1.36. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $115.26.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. Emerson Electric's revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 EPS. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently declared 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 of this dividend was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a yield of 1.97%. Emerson Electric's dividend payout ratio (DPR) is presently 10.94%.

Analyst Upgrades and Downgrades

EMR has been the subject of several research reports. Royal Bank of Canada raised their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, February 8th. UBS Group increased their price target on Emerson Electric from $95.00 to $120.00 and gave the stock a "neutral" rating in a research report on Thursday, March 21st. Citigroup lifted their price objective on Emerson Electric from $120.00 to $133.00 and gave the company a "buy" rating in a report on Monday, April 8th. Barclays raised their price target on Emerson Electric from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 2nd. Finally, Berenberg Bank increased their price objective on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.07.

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.