Trust Co. of Toledo NA OH increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 33.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,796 shares of the industrial products company’s stock after buying an additional 1,440 shares during the period. Trust Co. of Toledo NA OH’s holdings in Emerson Electric were worth $388,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Glassman Wealth Services increased its stake in shares of Emerson Electric by 240.7% in the 1st quarter. Glassman Wealth Services now owns 402 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 284 shares during the last quarter. Ellevest Inc. increased its stake in shares of Emerson Electric by 110.0% in the 2nd quarter. Ellevest Inc. now owns 420 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 220 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of Emerson Electric by 80.3% in the 2nd quarter. Larson Financial Group LLC now owns 440 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 196 shares during the last quarter. Westside Investment Management Inc. bought a new stake in shares of Emerson Electric in the 2nd quarter valued at about $34,000. Finally, TRUE Private Wealth Advisors bought a new stake in shares of Emerson Electric in the 2nd quarter valued at about $58,000. 70.52% of the stock is owned by hedge funds and other institutional investors.

NYSE EMR traded up $0.16 during trading hours on Wednesday, reaching $63.32. 335,164 shares of the company’s stock were exchanged, compared to its average volume of 3,261,542. The company’s 50-day moving average is $62.50 and its two-hundred day moving average is $65.05. Emerson Electric Co. has a one year low of $55.38 and a one year high of $77.90. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.85 and a current ratio of 1.18. The company has a market capitalization of $40.10 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 2.10 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.94. Emerson Electric had a return on equity of 24.67% and a net margin of 12.06%. The business had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the prior year, the business earned $1.12 EPS. Emerson Electric’s revenue for the quarter was up 5.1% compared to the same quarter last year. Research analysts predict that Emerson Electric Co. will post 3.63 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were paid a dividend of $0.49 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.96 dividend on an annualized basis and a yield of 3.10%. Emerson Electric’s payout ratio is 57.99%.

A number of analysts have recently commented on the company. Morgan Stanley lowered their price target on Emerson Electric from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Wednesday. Argus cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Wolfe Research set a $72.00 price target on Emerson Electric and gave the company a “buy” rating in a research note on Thursday, September 26th. Royal Bank of Canada raised Emerson Electric from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $65.00 to $77.00 in a research note on Monday, September 30th. Finally, Cowen set a $72.00 price target on Emerson Electric and gave the company a “buy” rating in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. Emerson Electric has an average rating of “Hold” and an average target price of $72.21.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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

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