WASHINGTON TRUST Co Has $759,000 Holdings in Emerson Electric Co. (NYSE:EMR)

WASHINGTON TRUST Co decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 14.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,121 shares of the industrial products company’s stock after selling 1,025 shares during the quarter. WASHINGTON TRUST Co’s holdings in Emerson Electric were worth $759,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in EMR. Creative Planning boosted its holdings in Emerson Electric by 1.5% during the third quarter. Creative Planning now owns 184,707 shares of the industrial products company’s stock worth $20,201,000 after purchasing an additional 2,768 shares during the last quarter. Swedbank AB boosted its holdings in Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Emerson Electric by 2.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 60,592 shares of the industrial products company’s stock worth $6,627,000 after purchasing an additional 1,264 shares during the last quarter. Howard Capital Management Group LLC boosted its holdings in Emerson Electric by 10.6% during the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 180 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in Emerson Electric by 82.0% in the third quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company’s stock valued at $435,000 after acquiring an additional 1,792 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Down 1.6 %

EMR opened at $123.30 on Friday. The company’s 50 day moving average is $125.73 and its 200-day moving average is $117.10. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25. The company has a market cap of $70.22 billion, a P/E ratio of 29.43, a PEG ratio of 2.16 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Equities research analysts predict that Emerson Electric Co. will post 5.95 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a dividend of $0.5275 per share. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.71%. Emerson Electric’s dividend payout ratio is presently 50.36%.

Analyst Ratings Changes

A number of analysts have commented on the stock. UBS Group assumed coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target for the company. Robert W. Baird increased their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. KeyCorp increased their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. cut their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $136.90.

Emerson Electric Company 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.