Chevy Chase Trust Holdings LLC Cuts Position in Emerson Electric Co. (NYSE:EMR)

Chevy Chase Trust Holdings LLC lowered its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 303,620 shares of the industrial products company’s stock after selling 4,115 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Emerson Electric were worth $33,289,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Emerson Electric in the 4th quarter worth $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Emerson Electric by 3,866.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company’s stock worth $374,581,000 after purchasing an additional 2,946,310 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Emerson Electric during the 4th quarter worth about $297,947,000. Boston Partners lifted its stake in Emerson Electric by 136.3% in the 4th quarter. Boston Partners now owns 3,316,466 shares of the industrial products company’s stock valued at $411,944,000 after buying an additional 1,913,120 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Emerson Electric by 234.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company’s stock worth $252,313,000 after buying an additional 1,426,718 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EMR has been the topic of several research reports. JPMorgan Chase & Co. raised their target price on Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Wells Fargo & Company upped their target price on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, May 21st. Wall Street Zen raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Royal Bank Of Canada upped their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Finally, Robert W. Baird decreased their target price on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has given 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 $136.47.

Emerson Electric Stock Up 1.0%

Shares of NYSE EMR opened at $130.77 on Wednesday. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $116.32 and its two-hundred day moving average is $118.12. The firm has a market cap of $73.56 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 2.56 and a beta of 1.28.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.07. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.36 EPS. Research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.48%.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the sale, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

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.