Parkside Financial Bank & Trust Boosts Stock Position in Emerson Electric Co. (NYSE:EMR)

Parkside Financial Bank & Trust lifted its position in Emerson Electric Co. (NYSE:EMR) by 6.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,427 shares of the industrial products company’s stock after purchasing an additional 426 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Emerson Electric were worth $495,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Garner Asset Management Corp lifted its holdings in Emerson Electric by 2.2% in the 1st quarter. Garner Asset Management Corp now owns 6,434 shares of the industrial products company’s stock worth $441,000 after buying an additional 139 shares during the period. Wilbanks Smith & Thomas Asset Management LLC lifted its holdings in Emerson Electric by 3.7% in the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 4,412 shares of the industrial products company’s stock worth $302,000 after buying an additional 157 shares during the period. Arrow Financial Corp lifted its holdings in Emerson Electric by 1.9% in the 1st quarter. Arrow Financial Corp now owns 8,798 shares of the industrial products company’s stock worth $603,000 after buying an additional 160 shares during the period. FTB Advisors Inc. lifted its holdings in Emerson Electric by 1.9% in the 1st quarter. FTB Advisors Inc. now owns 8,855 shares of the industrial products company’s stock worth $605,000 after buying an additional 167 shares during the period. Finally, Investment Management of Virginia LLC lifted its holdings in Emerson Electric by 0.7% in the 2nd quarter. Investment Management of Virginia LLC now owns 26,212 shares of the industrial products company’s stock worth $1,749,000 after buying an additional 175 shares during the period. Hedge funds and other institutional investors own 70.17% of the company’s stock.

In related news, insider Michael H. Train sold 12,278 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $63.80, for a total transaction of $783,336.40. Following the completion of the transaction, the insider now owns 129,298 shares of the company’s stock, valued at approximately $8,249,212.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Bell Katherine Button sold 7,794 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $64.17, for a total value of $500,140.98. Following the transaction, the vice president now directly owns 22,510 shares of the company’s stock, valued at approximately $1,444,466.70. The disclosure for this sale can be found here. Insiders sold a total of 40,333 shares of company stock valued at $2,583,230 in the last three months. Corporate insiders own 0.07% of the company’s stock.

Shares of NYSE:EMR traded down $0.33 during trading on Thursday, hitting $58.13. The stock had a trading volume of 43,834 shares, compared to its average volume of 3,539,189. Emerson Electric Co. has a 12 month low of $55.38 and a 12 month high of $79.70. The company has a market capitalization of $35.98 billion, a PE ratio of 17.21, a PEG ratio of 1.96 and a beta of 1.32. The firm’s fifty day moving average is $63.07 and its 200 day moving average is $66.21. The company has a quick ratio of 0.85, a current ratio of 1.18 and a debt-to-equity ratio of 0.49.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.94. Emerson Electric had a return on equity of 24.67% and a net margin of 12.06%. The firm had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same quarter in the prior year, the company earned $1.12 EPS. The business’s revenue was up 5.1% compared to the same quarter last year. Equities research analysts expect that Emerson Electric Co. will post 3.64 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Thursday, August 15th. Emerson Electric’s dividend payout ratio is currently 57.99%.

Several equities research analysts have weighed in on the company. Morgan Stanley dropped their price objective on Emerson Electric from $84.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Argus cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Citigroup dropped their price objective on Emerson Electric from $79.00 to $77.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Deutsche Bank dropped their price objective on Emerson Electric from $74.00 to $73.00 and set a “buy” rating for the company in a report on Monday, August 5th. Finally, Credit Suisse Group dropped their price objective on Emerson Electric from $74.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. Emerson Electric has a consensus rating of “Hold” and an average target price of $72.71.

Emerson Electric Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

Recommended Story: Operating Income

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.