CENTRAL TRUST Co Raises Stake in Emerson Electric Co. $EMR

CENTRAL TRUST Co raised its position in Emerson Electric Co. (NYSE:EMR) by 1.9% during the second quarter, HoldingsChannel reports. The firm owned 80,670 shares of the industrial products company’s stock after buying an additional 1,520 shares during the quarter. CENTRAL TRUST Co’s holdings in Emerson Electric were worth $10,756,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EMR. Nuveen LLC purchased a new position in Emerson Electric in the first quarter valued at $737,318,000. Pacer Advisors Inc. boosted its position in shares of Emerson Electric by 4,583.7% during the 1st quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company’s stock worth $239,569,000 after acquiring an additional 2,138,397 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Emerson Electric by 218.7% in the 1st quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company’s stock valued at $270,672,000 after acquiring an additional 1,693,999 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Emerson Electric by 19.5% during the 2nd quarter. Nordea Investment Management AB now owns 9,195,005 shares of the industrial products company’s stock worth $1,223,947,000 after acquiring an additional 1,499,000 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Emerson Electric by 210.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company’s stock worth $215,602,000 after purchasing an additional 1,333,839 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wells Fargo & Company reiterated an “equal weight” rating and issued a $140.00 price target (down from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Citigroup increased their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Finally, Daiwa Capital Markets lifted their target price on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $148.56.

Emerson Electric Trading Up 0.4%

NYSE EMR opened at $130.02 on Tuesday. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The firm has a market cap of $73.18 billion, a PE ratio of 27.96, a P/E/G ratio of 2.36 and a beta of 1.30. The firm’s fifty day moving average is $132.33 and its two-hundred day moving average is $130.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. The firm had revenue of $3.16 billion for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. Analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric declared that its Board of Directors has approved a share buyback program on Wednesday, November 5th that permits the company to buyback $0.00 in shares. This buyback authorization permits the industrial products company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be issued a dividend of $0.555 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.22 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, November 14th. Emerson Electric’s dividend payout ratio is 54.95%.

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.