Kentucky Trust Co Invests $2.46 Million in Emerson Electric Co. (NYSE:EMR)

Kentucky Trust Co bought a new stake in Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 19,883 shares of the industrial products company’s stock, valued at approximately $2,464,000. Emerson Electric accounts for 1.4% of Kentucky Trust Co’s investment portfolio, making the stock its 19th biggest holding.

Other institutional investors have also modified their holdings of the company. Pathway Financial Advisers LLC lifted its stake in shares of Emerson Electric by 10,993.2% in the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock worth $226,443,000 after buying an additional 2,051,764 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Emerson Electric by 107.2% in the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after buying an additional 2,016,075 shares in the last quarter. State Street Corp raised its stake in Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after purchasing an additional 1,507,980 shares during the period. Swedbank AB raised its stake 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 period. Finally, Sarasin & Partners LLP raised its stake in Emerson Electric by 120.6% during the fourth quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock worth $218,889,000 after purchasing an additional 965,731 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays lifted their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. reduced their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. KeyCorp boosted 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. Finally, Robert W. Baird boosted 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $136.90.

Emerson Electric Stock Up 0.1 %

Shares of NYSE:EMR opened at $126.94 on Wednesday. The company has a market capitalization of $72.30 billion, a PE ratio of 30.30, a P/E/G ratio of 2.16 and a beta of 1.34. The company has a current ratio of 1.54, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The firm has a 50 day simple moving average of $126.37 and a 200-day simple moving average of $116.88.

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

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders 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 dividend on an annualized basis and a yield of 1.66%. Emerson Electric’s payout ratio is currently 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.