Whittier Trust Co. Sells 478 Shares of Emerson Electric Co. (NYSE:EMR)

Whittier Trust Co. decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.5% in the fourth quarter, HoldingsChannel reports. The fund owned 98,628 shares of the industrial products company’s stock after selling 478 shares during the quarter. Whittier Trust Co.’s holdings in Emerson Electric were worth $12,223,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas increased its holdings in shares of Emerson Electric by 227.8% during the fourth quarter. Teacher Retirement System of Texas now owns 117,246 shares of the industrial products company’s stock valued at $14,530,000 after acquiring an additional 81,481 shares in the last quarter. Sandy Spring Bank increased its stake in Emerson Electric by 10.9% during the 4th quarter. Sandy Spring Bank now owns 6,461 shares of the industrial products company’s stock valued at $801,000 after purchasing an additional 637 shares in the last quarter. Royal London Asset Management Ltd. raised its holdings in shares of Emerson Electric by 4.5% in the fourth quarter. Royal London Asset Management Ltd. now owns 245,714 shares of the industrial products company’s stock worth $30,451,000 after buying an additional 10,513 shares during the last quarter. Generali Investments Management Co LLC acquired a new stake in shares of Emerson Electric during the fourth quarter worth $1,412,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Emerson Electric in the 4th quarter valued at $118,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

NYSE:EMR opened at $111.73 on Friday. The company has a fifty day moving average of $121.69 and a two-hundred day moving average of $118.97. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The stock has a market capitalization of $63.00 billion, a PE ratio of 26.67, a P/E/G ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.

Emerson Electric (NYSE:EMR) last issued 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%. As a group, research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

Wall Street Analyst Weigh In

Several analysts have weighed in on EMR shares. JPMorgan Chase & Co. dropped their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Barclays downgraded shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $135.00 to $110.00 in a research report on Monday, March 10th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Wells Fargo & Company boosted their price objective on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Loop Capital lifted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $136.22.

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.