First Western Trust Bank Lowers Position in Emerson Electric Co. (NYSE:EMR)

First Western Trust Bank decreased its position in Emerson Electric Co. (NYSE:EMR) by 8.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 17,549 shares of the industrial products company’s stock after selling 1,662 shares during the quarter. First Western Trust Bank’s holdings in Emerson Electric were worth $1,933,000 as of its most recent SEC filing.

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

Emerson Electric Stock Performance

Emerson Electric stock opened at $99.97 on Friday. The firm’s 50 day simple moving average is $108.93 and its 200 day simple moving average is $109.78. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53. The firm has a market capitalization of $57.19 billion, a PE ratio of 5.35, a price-to-earnings-growth ratio of 1.75 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.01. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $1.29 earnings per share. As a group, analysts expect that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

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 $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Robert W. Baird lifted their price target on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Wells Fargo & Company lowered their target price on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Loop Capital increased their price target on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $125.18.

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.