Emerson Electric Co. (NYSE:EMR) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lowered its position in Emerson Electric Co. (NYSE:EMR) by 22.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,399 shares of the industrial products company’s stock after selling 9,635 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Emerson Electric were worth $3,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tobam lifted its stake in shares of Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 273 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $35,000. Morton Brown Family Wealth LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $39,000. MCF Advisors LLC increased its position in shares of Emerson Electric by 1,484.6% during the fourth quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 386 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC purchased a new stake in shares of Emerson Electric during the third quarter worth about $42,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR stock opened at $108.63 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average of $110.06 and a two-hundred day moving average of $98.94. Emerson Electric Co. has a 52 week low of $76.94 and a 52 week high of $115.26. The company has a market cap of $62.01 billion, a P/E ratio of 5.66, a PEG ratio of 1.88 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.18. The business had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The business’s revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 earnings per share. As a group, analysts anticipate that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were given a dividend of $0.525 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.10 annualized dividend and a dividend yield of 1.93%. Emerson Electric’s dividend payout ratio is presently 10.94%.

Insider Transactions at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the company’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 directly owns 9,591 shares in the company, valued at $989,599.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Berenberg Bank lifted their target price on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Citigroup boosted 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. KeyCorp boosted their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Bank of America boosted their price objective on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, Barclays boosted their price objective on Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $116.25.

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.