Webster Bank N. A. Has $271,000 Stock Position in Emerson Electric Co. (NYSE:EMR)

Webster Bank N. A. boosted its position in shares of Emerson Electric Co. (NYSE:EMRFree Report) by 20.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,789 shares of the industrial products company’s stock after purchasing an additional 472 shares during the period. Webster Bank N. A.’s holdings in Emerson Electric were worth $271,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Waverly Advisors LLC lifted its position in shares of Emerson Electric by 100.2% in the third quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock worth $1,460,000 after buying an additional 7,565 shares during the last quarter. Blackston Financial Advisory Group LLC acquired a new stake in shares of Emerson Electric in the fourth quarter worth about $241,000. FMR LLC lifted its position in shares of Emerson Electric by 1.3% in the third quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock worth $312,278,000 after buying an additional 41,263 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Emerson Electric in the third quarter worth about $320,000. Finally, Kesler Norman & Wride LLC lifted its position in shares of Emerson Electric by 162.0% in the fourth quarter. Kesler Norman & Wride LLC now owns 49,141 shares of the industrial products company’s stock worth $4,783,000 after buying an additional 30,385 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insiders Place Their Bets

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $103.18, for a total transaction of $248,973.34. Following the transaction, the director now owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.25% of the company’s stock.

Emerson Electric Stock Down 0.2 %

Shares of EMR opened at $113.34 on Wednesday. The company has a market capitalization of $64.69 billion, a P/E ratio of 5.90, a PEG ratio of 1.97 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. Emerson Electric Co. has a one year low of $76.94 and a one year high of $114.11. The business’s 50 day simple moving average is $105.45 and its 200-day simple moving average is $97.31.

Emerson Electric (NYSE:EMRGet Free Report) last announced its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.04 by $0.18. The business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. Emerson Electric’s revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio is 10.94%.

Analyst Ratings Changes

EMR has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on Emerson Electric from $100.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 19th. Mizuho lifted their price objective on Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Barclays lifted their price objective on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Tuesday. KeyCorp lifted their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Finally, Royal Bank of Canada boosted their price target on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $113.56.

Get Our Latest Report on EMR

About Emerson Electric

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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