Ledyard National Bank Trims Stake in Emerson Electric Co. (NYSE:EMR)

Ledyard National Bank lessened its position in Emerson Electric Co. (NYSE:EMR) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 68,130 shares of the industrial products company’s stock after selling 992 shares during the quarter. Ledyard National Bank’s holdings in Emerson Electric were worth $6,631,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in EMR. Waverly Advisors LLC boosted its holdings in shares of Emerson Electric by 100.2% during the 3rd quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock valued at $1,460,000 after buying an additional 7,565 shares in the last quarter. Blackston Financial Advisory Group LLC purchased a new stake in Emerson Electric in the fourth quarter worth about $241,000. FMR LLC increased its stake in shares of Emerson Electric by 1.3% during the third quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock valued at $312,278,000 after purchasing an additional 41,263 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Emerson Electric during the third quarter valued at approximately $320,000. Finally, Capital Advisors Inc. OK boosted its position in shares of Emerson Electric by 821.0% in the 4th quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock worth $8,393,000 after purchasing an additional 76,868 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the completion of the transaction, the director now owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.25% of the company’s stock.

Emerson Electric Stock Performance

Shares of NYSE EMR traded down $0.13 during midday trading on Monday, hitting $109.76. 2,057,847 shares of the company’s stock traded hands, compared to its average volume of 2,597,844. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. The stock has a market capitalization of $62.65 billion, a price-to-earnings ratio of 5.72, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37. The firm has a fifty day moving average of $110.46 and a 200 day moving average of $99.42. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $115.26.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the company posted $0.78 EPS. The company’s revenue was up 22.1% compared to the same quarter last year. On average, analysts forecast that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.91%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio is 10.94%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EMR. Barclays lifted their price objective on Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. KeyCorp upped their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Citigroup increased their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Royal Bank of Canada lifted their target price on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Finally, Berenberg Bank increased their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $116.25.

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.