Chevy Chase Trust Holdings LLC Sells 4,115 Shares of Emerson Electric Co. (NYSE:EMR)

Chevy Chase Trust Holdings LLC trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 303,620 shares of the industrial products company’s stock after selling 4,115 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Emerson Electric worth $33,289,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Petros Family Wealth LLC boosted its stake in shares of Emerson Electric by 6.2% in the first quarter. Petros Family Wealth LLC now owns 9,239 shares of the industrial products company’s stock worth $1,013,000 after acquiring an additional 542 shares during the period. Consolidated Portfolio Review Corp raised its position in shares of Emerson Electric by 33.1% during the first quarter. Consolidated Portfolio Review Corp now owns 7,718 shares of the industrial products company’s stock valued at $846,000 after buying an additional 1,919 shares during the last quarter. Legacy Advisors LLC lifted its holdings in shares of Emerson Electric by 3.9% in the first quarter. Legacy Advisors LLC now owns 11,446 shares of the industrial products company’s stock worth $1,255,000 after buying an additional 433 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Emerson Electric by 4.9% during the first quarter. Asset Management One Co. Ltd. now owns 262,861 shares of the industrial products company’s stock worth $28,820,000 after acquiring an additional 12,325 shares during the last quarter. Finally, GHP Investment Advisors Inc. grew its position in shares of Emerson Electric by 7.7% during the first quarter. GHP Investment Advisors Inc. now owns 88,514 shares of the industrial products company’s stock valued at $9,705,000 after purchasing an additional 6,313 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Activity

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the transaction, the chief executive officer now owns 164,957 shares of the company’s stock, valued at $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EMR shares. Citigroup boosted their price target on shares of Emerson Electric from $133.00 to $146.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Royal Bank Of Canada lifted their target price on Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Robert W. Baird reduced their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. KeyCorp increased their target price on Emerson Electric from $125.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, June 13th. Finally, JPMorgan Chase & Co. boosted their price target on Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $136.47.

Emerson Electric Trading Up 1.0%

Shares of NYSE:EMR opened at $130.77 on Wednesday. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The firm has a market capitalization of $73.56 billion, a P/E ratio of 31.28, a P/E/G ratio of 2.56 and a beta of 1.28. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. The business’s 50-day moving average is $116.32 and its 200 day moving average is $118.12.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.07. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the prior year, the business posted $1.36 EPS. Emerson Electric’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

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

About Emerson Electric

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.