Indiana Trust & Investment Management CO Cuts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Indiana Trust & Investment Management CO decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 5.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 2,830 shares of the industrial products company’s stock after selling 150 shares during the period. Indiana Trust & Investment Management CO’s holdings in Emerson Electric were worth $256,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EMR. Moneta Group Investment Advisors LLC increased its position in Emerson Electric by 105,280.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 54,417,593 shares of the industrial products company’s stock valued at $5,227,354,000 after purchasing an additional 54,365,954 shares during the period. Norges Bank purchased a new position in Emerson Electric during the 4th quarter valued at about $702,606,000. Morgan Stanley increased its position in Emerson Electric by 28.4% during the 4th quarter. Morgan Stanley now owns 11,835,398 shares of the industrial products company’s stock valued at $1,136,909,000 after purchasing an additional 2,621,089 shares during the period. Voya Investment Management LLC grew its position in shares of Emerson Electric by 216.3% in the 4th quarter. Voya Investment Management LLC now owns 2,579,534 shares of the industrial products company’s stock worth $247,790,000 after buying an additional 1,763,928 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of Emerson Electric by 103.9% in the 1st quarter. Two Sigma Advisers LP now owns 3,045,900 shares of the industrial products company’s stock worth $265,420,000 after buying an additional 1,551,800 shares during the last quarter. Hedge funds and other institutional investors own 72.02% of the company’s stock.

Insider Activity at Emerson Electric

In related news, CMO Vidya Ramnath sold 2,500 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $97.86, for a total value of $244,650.00. Following the completion of the sale, the chief marketing officer now owns 11,870 shares of the company’s stock, valued at approximately $1,161,598.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, VP Lisa Flavin sold 48,718 shares of the business’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $89.65, for a total value of $4,367,568.70. Following the completion of the sale, the vice president now owns 51,748 shares of the company’s stock, valued at approximately $4,639,208.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CMO Vidya Ramnath sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $97.86, for a total transaction of $244,650.00. Following the sale, the chief marketing officer now directly owns 11,870 shares of the company’s stock, valued at approximately $1,161,598.20. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on EMR shares. StockNews.com started coverage on shares of Emerson Electric in a research report on Thursday, August 17th. They issued a “buy” rating on the stock. Stephens reaffirmed an “overweight” rating and issued a $120.00 price objective on shares of Emerson Electric in a research report on Monday, August 7th. Argus raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research report on Monday, August 28th. Morgan Stanley boosted their target price on shares of Emerson Electric from $107.00 to $116.00 and gave the stock an “overweight” rating in a research report on Thursday, August 3rd. Finally, Barclays initiated coverage on shares of Emerson Electric in a research report on Monday, August 28th. They set an “equal weight” rating and a $105.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.67.

Emerson Electric Stock Performance

Shares of EMR traded up $0.56 during trading hours on Friday, hitting $99.16. The stock had a trading volume of 866,013 shares, compared to its average volume of 3,158,902. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.07 and a current ratio of 2.38. The firm has a 50-day moving average price of $94.95 and a 200 day moving average price of $87.95. Emerson Electric Co. has a fifty-two week low of $72.40 and a fifty-two week high of $100.62. The firm has a market capitalization of $56.91 billion, a price-to-earnings ratio of 4.31, a PEG ratio of 2.29 and a beta of 1.39.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, August 2nd. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.20. Emerson Electric had a net margin of 80.41% and a return on equity of 14.27%. The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.89 billion. As a group, research analysts anticipate that Emerson Electric Co. will post 4.44 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 11th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Thursday, August 10th. Emerson Electric’s dividend payout ratio is currently 9.09%.

About Emerson Electric

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