First Citizens Bank & Trust Co. Raises Stock Position in Emerson Electric Co. (NYSE:EMR)

First Citizens Bank & Trust Co. increased its stake in Emerson Electric Co. (NYSE:EMRFree Report) by 17.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,345 shares of the industrial products company’s stock after purchasing an additional 1,970 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Emerson Electric were worth $1,299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Resurgent Financial Advisors LLC bought a new position in Emerson Electric in the fourth quarter worth approximately $32,000. Certified Advisory Corp bought a new stake in shares of Emerson Electric during the 1st quarter valued at $34,000. West Tower Group LLC bought a new stake in shares of Emerson Electric during the 2nd quarter valued at $35,000. Authentikos Wealth Advisory LLC bought a new stake in shares of Emerson Electric during the 3rd quarter valued at $42,000. Finally, Rational Advisors LLC bought a new stake in shares of Emerson Electric during the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.2 %

Shares of EMR opened at $113.34 on Wednesday. Emerson Electric Co. has a 1-year low of $76.94 and a 1-year high of $114.11. The company has a 50-day moving average of $105.45 and a 200 day moving average of $97.31. The firm has a market capitalization of $64.69 billion, a price-to-earnings ratio of 5.90, a PEG ratio of 1.97 and a beta of 1.37. 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 (NYSE:EMRGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The company had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the business posted $0.78 EPS. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, research analysts expect that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were issued a $0.525 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 annualized dividend and a dividend yield of 1.85%. Emerson Electric’s dividend payout ratio is currently 10.94%.

Analysts Set New Price Targets

EMR has been the topic of a number of research reports. Wells Fargo & Company lifted their price target on shares of Emerson Electric from $100.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, December 19th. Berenberg Bank lifted their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. KeyCorp lifted 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. Bank of America lifted their price target on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, Barclays lifted their price objective on shares of Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $113.56.

View Our Latest Report on Emerson Electric

Insider Activity

In other news, Director Mark A. Blinn sold 2,413 shares of the business’s stock in a transaction dated 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 available at the SEC website. Company insiders own 0.25% of the company’s stock.

Emerson Electric Profile

(Free Report)

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

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