RNC Capital Management LLC Reduces Holdings in Emerson Electric Co. (NYSE:EMR)

RNC Capital Management LLC lowered its position in Emerson Electric Co. (NYSE:EMR) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 495,716 shares of the industrial products company’s stock after selling 1,146 shares during the period. Emerson Electric makes up approximately 2.9% of RNC Capital Management LLC’s investment portfolio, making the stock its 14th largest holding. RNC Capital Management LLC’s holdings in Emerson Electric were worth $48,248,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of EMR. RB Capital Management LLC boosted its position in Emerson Electric by 3.0% in the first quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company’s stock valued at $525,000 after buying an additional 155 shares during the last quarter. Fairfield Bush & CO. purchased a new stake in Emerson Electric in the first quarter valued at approximately $116,000. Prudential PLC purchased a new stake in Emerson Electric in the first quarter valued at approximately $1,215,000. Sequoia Financial Advisors LLC boosted its position in Emerson Electric by 17.5% in the first quarter. Sequoia Financial Advisors LLC now owns 9,521 shares of the industrial products company’s stock valued at $934,000 after buying an additional 1,418 shares during the last quarter. Finally, Brighton Jones LLC boosted its position in Emerson Electric by 31.8% in the 1st quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company’s stock worth $378,000 after purchasing an additional 931 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $113.45 on Thursday. Emerson Electric Co. has a one year low of $76.94 and a one year high of $113.46. The company has a market cap of $64.76 billion, a PE ratio of 5.91, a P/E/G ratio of 1.95 and a beta of 1.36. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. The business has a 50-day simple moving average of $103.91 and a 200-day simple moving average of $96.90.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The business had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the company posted $0.78 earnings per share. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, equities research analysts forecast that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s payout ratio is 10.94%.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 2,413 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the sale, the director now owns 9,591 shares in the company, valued at $989,599.38. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on EMR shares. Berenberg Bank lifted their price target on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Royal Bank of Canada raised their price objective on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. KeyCorp raised their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Wells Fargo & Company raised their price objective on Emerson Electric from $100.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 19th. Finally, Bank of America raised their price objective on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $113.00.

Emerson Electric 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.