Whittier Trust Co. of Nevada Inc. Reduces Holdings in Emerson Electric Co. (NYSE:EMR)

Whittier Trust Co. of Nevada Inc. lessened its position in shares of Emerson Electric Co. (NYSE:EMR) by 6.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,399 shares of the industrial products company’s stock after selling 3,431 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Emerson Electric were worth $5,882,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Security National Bank bought a new stake in shares of Emerson Electric during the 4th quarter valued at $29,000. Cape Investment Advisory Inc. increased its position in shares of Emerson Electric by 148.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 188 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in Emerson Electric during the 1st quarter valued at about $31,000. Burkett Financial Services LLC purchased a new stake in Emerson Electric during the 4th quarter valued at about $32,000. Finally, Tributary Capital Management LLC purchased a new stake in Emerson Electric during the 1st quarter valued at about $35,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Up 1.3 %

Shares of EMR traded up $1.39 on Thursday, reaching $105.30. The stock had a trading volume of 1,340,171 shares, compared to its average volume of 2,670,579. The firm has a market capitalization of $60.24 billion, a price-to-earnings ratio of 5.60, a price-to-earnings-growth ratio of 1.93 and a beta of 1.32. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18. The company has a 50-day simple moving average of $109.63 and a 200-day simple moving average of $109.95. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $119.53.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the company earned $1.29 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Sell-side analysts predict that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Royal Bank of Canada dropped their target price on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Robert W. Baird increased their target price on Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Finally, Loop Capital increased their price objective on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.18.

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.