Haverford Trust Co Has $5.79 Million Position in Emerson Electric Co. (NYSE:EMR)

Haverford Trust Co lessened its position in Emerson Electric Co. (NYSE:EMR) by 0.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,710 shares of the industrial products company’s stock after selling 310 shares during the period. Haverford Trust Co’s holdings in Emerson Electric were worth $5,789,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB grew its stake in Emerson Electric by 120.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after buying an additional 30,741 shares during the last quarter. Geode Capital Management LLC increased its holdings in Emerson Electric by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after purchasing an additional 162,985 shares in the last quarter. Stokes Family Office LLC boosted its stake in Emerson Electric by 94.8% in the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company’s stock worth $1,141,000 after purchasing an additional 4,480 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Emerson Electric by 130.0% during the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock worth $1,044,000 after purchasing an additional 5,393 shares during the last quarter. Finally, GHP Investment Advisors Inc. increased its stake in shares of Emerson Electric by 8.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock valued at $10,187,000 after buying an additional 6,321 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on EMR shares. Loop Capital increased their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Royal Bank of Canada reiterated an “outperform” rating and issued a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. Daiwa Capital Markets began coverage on Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target on the stock. Finally, Wells Fargo & Company lifted their price objective on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $136.22.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $115.44 on Tuesday. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $65.09 billion, a PE ratio of 27.55, a PEG ratio of 2.49 and a beta of 1.36. The stock’s fifty day simple moving average is $121.53 and its 200 day simple moving average is $119.38.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s payout ratio is presently 50.36%.

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.