Trust Co. of Vermont Grows Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Trust Co. of Vermont raised its stake in Emerson Electric Co. (NYSE:EMR) by 5.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 147,975 shares of the industrial products company’s stock after buying an additional 7,298 shares during the period. Trust Co. of Vermont’s holdings in Emerson Electric were worth $16,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. American National Bank & Trust Co. VA purchased a new stake in Emerson Electric in the 1st quarter valued at about $1,011,000. SG Americas Securities LLC boosted its position in Emerson Electric by 183.6% in the 1st quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock valued at $9,286,000 after buying an additional 53,003 shares during the period. Lloyd Advisory Services LLC. bought a new stake in shares of Emerson Electric in the 1st quarter valued at about $1,047,000. Farther Finance Advisors LLC raised its holdings in shares of Emerson Electric by 55.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock valued at $931,000 after purchasing an additional 3,060 shares in the last quarter. Finally, Norden Group LLC bought a new stake in shares of Emerson Electric in the 1st quarter valued at about $4,188,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EMR has been the subject of several recent research reports. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $135.00 to $120.00 in a report on Wednesday. Wells Fargo & Company reduced their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Robert W. Baird boosted their price objective on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Royal Bank of Canada reduced their price objective on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $125.47.

Emerson Electric Stock Down 0.1 %

NYSE:EMR opened at $110.47 on Friday. The company has a market cap of $63.20 billion, a PE ratio of 5.91, a P/E/G ratio of 1.70 and a beta of 1.30. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $105.52 and its two-hundred day moving average is $109.23.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.42 by $0.01. The business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.29 EPS. Analysts anticipate that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

About Emerson Electric

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.