Sabal Trust CO Purchases 85,438 Shares of Emerson Electric Co. (EMR)

Sabal Trust CO boosted its position in Emerson Electric Co. (NYSE:EMR) by 29.0% during the 1st quarter, Holdings Channel reports. The firm owned 379,678 shares of the industrial products company’s stock after buying an additional 85,438 shares during the quarter. Emerson Electric makes up about 2.3% of Sabal Trust CO’s investment portfolio, making the stock its 23rd largest position. Sabal Trust CO’s holdings in Emerson Electric were worth $25,996,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of EMR. Howe & Rusling Inc. increased its position in shares of Emerson Electric by 4.1% in the fourth quarter. Howe & Rusling Inc. now owns 3,876 shares of the industrial products company’s stock worth $232,000 after acquiring an additional 152 shares in the last quarter. Pathway Financial Advisors LLC increased its position in shares of Emerson Electric by 3.3% in the first quarter. Pathway Financial Advisors LLC now owns 4,758 shares of the industrial products company’s stock worth $326,000 after acquiring an additional 153 shares in the last quarter. Orca Investment Management LLC increased its position in shares of Emerson Electric by 2.8% in the fourth quarter. Orca Investment Management LLC now owns 5,692 shares of the industrial products company’s stock worth $340,000 after acquiring an additional 156 shares in the last quarter. First PREMIER Bank increased its position in shares of Emerson Electric by 0.4% in the first quarter. First PREMIER Bank now owns 36,744 shares of the industrial products company’s stock worth $2,516,000 after acquiring an additional 161 shares in the last quarter. Finally, Somerset Trust Co increased its position in shares of Emerson Electric by 0.6% in the first quarter. Somerset Trust Co now owns 24,953 shares of the industrial products company’s stock worth $1,708,000 after acquiring an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 72.63% of the company’s stock.

Shares of EMR opened at $72.10 on Monday. Emerson Electric Co. has a 52 week low of $55.38 and a 52 week high of $79.70. The company has a market cap of $43.92 billion, a P/E ratio of 21.33, a P/E/G ratio of 2.24 and a beta of 1.24. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32.



Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, February 5th. The industrial products company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.08. Emerson Electric had a net margin of 12.83% and a return on equity of 24.21%. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. On average, equities research analysts predict that Emerson Electric Co. will post 3.7 EPS for the current year.

Several research analysts have recently weighed in on the stock. Citigroup raised shares of Emerson Electric from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $67.00 to $81.00 in a research report on Monday, April 8th. Zacks Investment Research downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Credit Suisse Group lifted their target price on shares of Emerson Electric from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 6th. Morgan Stanley set a $77.00 target price on shares of Emerson Electric and gave the stock a “buy” rating in a research report on Friday, February 8th. Finally, Cowen reissued a “buy” rating and issued a $81.00 target price on shares of Emerson Electric in a research report on Tuesday, February 5th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Emerson Electric presently has a consensus rating of “Buy” and a consensus price target of $76.61.

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Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

See Also: Mutual Funds

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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