Members Trust Co Takes Position in Emerson Electric Co. $EMR

Members Trust Co purchased a new stake in Emerson Electric Co. (NYSE:EMR) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 2,216 shares of the industrial products company’s stock, valued at approximately $295,000.

Several other institutional investors have also recently added to or reduced their stakes in EMR. Saudi Central Bank acquired a new position in Emerson Electric in the 1st quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Emerson Electric in the 1st quarter valued at about $27,000. Fourth Dimension Wealth LLC increased its position in Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 154 shares during the period. PFS Partners LLC increased its position in Emerson Electric by 65.9% during the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 108 shares during the period. Finally, Princeton Global Asset Management LLC acquired a new position in Emerson Electric during the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EMR shares. Deutsche Bank Aktiengesellschaft boosted their target price on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Citigroup upped their price target on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Royal Bank Of Canada upped their price target on Emerson Electric from $154.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Finally, Wolfe Research lowered their price target on Emerson Electric from $173.00 to $172.00 and set an “outperform” rating on the stock in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $148.28.

Emerson Electric Price Performance

EMR stock opened at $132.29 on Wednesday. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The stock’s fifty day simple moving average is $131.88 and its 200-day simple moving average is $126.36. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $74.45 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 2.25 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The business had revenue of $3.16 billion for the quarter. Equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.5275 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is presently 45.38%.

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.