First Western Trust Bank Sells 1,662 Shares of Emerson Electric Co. (NYSE:EMR)

First Western Trust Bank lowered its stake in Emerson Electric Co. (NYSE:EMR) by 8.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,549 shares of the industrial products company’s stock after selling 1,662 shares during the period. First Western Trust Bank’s holdings in Emerson Electric were worth $1,933,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Security National Bank acquired a new position in Emerson Electric in the 4th quarter worth about $29,000. Cape Investment Advisory Inc. increased its stake in shares of Emerson Electric by 148.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after buying an additional 188 shares during the period. Transcendent Capital Group LLC acquired a new stake in Emerson Electric during the 1st quarter worth approximately $31,000. Burkett Financial Services LLC acquired a new position in Emerson Electric in the 4th quarter valued at approximately $32,000. Finally, Tributary Capital Management LLC bought a new position in shares of Emerson Electric during the first quarter valued at $35,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.9 %

Shares of NYSE:EMR opened at $99.97 on Friday. The firm has a market cap of $57.19 billion, a P/E ratio of 5.35, a PEG ratio of 1.75 and a beta of 1.32. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53. The business’s 50 day simple moving average is $108.93 and its two-hundred day simple moving average is $109.78. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.01. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The business had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter last year, the firm posted $1.29 EPS. Emerson Electric’s revenue was up 11.0% compared to the same quarter last year. As a group, research analysts forecast that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be issued a $0.525 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.10%. Emerson Electric’s dividend payout ratio is presently 11.24%.

Wall Street Analyst Weigh In

EMR has been the subject of a number of recent research reports. Robert W. Baird increased their price objective on Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Mizuho lifted their price objective on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Redburn Atlantic initiated coverage on shares of Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 target price for the company. Loop Capital boosted their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.18.

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.