Moody National Bank Trust Division Purchases Shares of 6,264 Emerson Electric Co. (NYSE:EMR)

Moody National Bank Trust Division purchased a new stake in shares of Emerson Electric Co. (NYSE:EMRGet Rating) during the second quarter, HoldingsChannel reports. The fund purchased 6,264 shares of the industrial products company’s stock, valued at approximately $498,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Emerson Electric during the fourth quarter valued at about $558,176,000. Nordea Investment Management AB grew its position in shares of Emerson Electric by 396.8% during the first quarter. Nordea Investment Management AB now owns 4,231,968 shares of the industrial products company’s stock valued at $420,996,000 after purchasing an additional 3,380,171 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Emerson Electric by 3.0% during the first quarter. Vanguard Group Inc. now owns 53,499,422 shares of the industrial products company’s stock valued at $5,245,619,000 after purchasing an additional 1,547,743 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Emerson Electric by 55.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,508,070 shares of the industrial products company’s stock valued at $326,145,000 after purchasing an additional 1,246,143 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of Emerson Electric by 2.7% during the first quarter. BlackRock Inc. now owns 38,296,210 shares of the industrial products company’s stock valued at $3,754,941,000 after purchasing an additional 1,007,442 shares in the last quarter. 72.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on EMR shares. Sanford C. Bernstein dropped their price target on Emerson Electric from $105.00 to $100.00 and set a “mkt perform” rating for the company in a research report on Wednesday, August 17th. Barclays dropped their price target on Emerson Electric from $87.00 to $80.00 and set an “equal weight” rating for the company in a research report on Friday, July 8th. Deutsche Bank Aktiengesellschaft lifted their price target on Emerson Electric from $97.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Wells Fargo & Company lifted their price target on Emerson Electric from $87.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 12th. Finally, Morgan Stanley lifted their price target on Emerson Electric from $95.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 10th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $98.77.

Emerson Electric Stock Performance

Emerson Electric stock opened at $78.21 on Monday. The company has a 50 day moving average price of $84.88 and a 200-day moving average price of $87.80. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.80 and a current ratio of 1.06. Emerson Electric Co. has a fifty-two week low of $76.16 and a fifty-two week high of $100.47. The company has a market capitalization of $46.25 billion, a PE ratio of 14.81, a P/E/G ratio of 1.82 and a beta of 1.42.

Emerson Electric (NYSE:EMRGet Rating) last posted its quarterly earnings results on Tuesday, August 9th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.09. Emerson Electric had a net margin of 16.45% and a return on equity of 25.06%. The firm had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. As a group, equities analysts forecast that Emerson Electric Co. will post 5.11 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date was Thursday, August 11th. Emerson Electric’s dividend payout ratio (DPR) is 39.02%.

Emerson Electric Profile

(Get Rating)

Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.

See Also

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

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