Emerson Electric Co. (NYSE:EMR) Stock Holdings Decreased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its stake in Emerson Electric Co. (NYSE:EMR) by 1.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,787,862 shares of the industrial products company’s stock after selling 26,500 shares during the period. PNC Financial Services Group Inc.’s holdings in Emerson Electric were worth $196,021,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of EMR. Hohimer Wealth Management LLC lifted its holdings in shares of Emerson Electric by 0.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company’s stock worth $3,066,000 after acquiring an additional 95 shares during the period. Unison Advisors LLC increased its position in shares of Emerson Electric by 0.5% during the 4th quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company’s stock worth $2,629,000 after purchasing an additional 98 shares in the last quarter. One Wealth Advisors LLC increased its position in shares of Emerson Electric by 5.7% during the 1st quarter. One Wealth Advisors LLC now owns 1,846 shares of the industrial products company’s stock worth $202,000 after purchasing an additional 99 shares in the last quarter. Texas Yale Capital Corp. increased its position in shares of Emerson Electric by 0.7% during the 4th quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company’s stock worth $1,833,000 after purchasing an additional 100 shares in the last quarter. Finally, Ecofi Investissements SA increased its position in shares of Emerson Electric by 0.3% during the 4th quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company’s stock worth $4,111,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction that occurred 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 transaction, the chief executive officer owned 164,957 shares of the company’s stock, valued at $18,694,576.81. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Barclays increased their target price on shares of Emerson Electric from $118.00 to $125.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 9th. TD Cowen upgraded shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Citigroup raised their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Finally, Stephens raised their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $142.28.

Emerson Electric Stock Down 2.6%

Shares of NYSE EMR opened at $141.68 on Friday. The firm has a market capitalization of $79.70 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 2.82 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The firm’s 50-day moving average is $133.64 and its 200-day moving average is $121.30.

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

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is 50.48%.

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.