Glenview Trust co Has $27.26 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Glenview Trust co boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 219,983 shares of the industrial products company’s stock after buying an additional 2,516 shares during the quarter. Glenview Trust co’s holdings in Emerson Electric were worth $27,262,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in EMR. Stephens Consulting LLC acquired a new stake in Emerson Electric in the 4th quarter valued at about $25,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $27,000. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric during the 3rd quarter worth approximately $29,000. YANKCOM Partnership acquired a new position in shares of Emerson Electric during the 4th quarter worth approximately $30,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Emerson Electric during the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EMR. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Barclays downgraded shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $135.00 to $110.00 in a research report on Monday, March 10th. Wells Fargo & Company increased their target price on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Loop Capital boosted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, KeyCorp lifted their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong 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 $136.28.

Emerson Electric Trading Up 2.7 %

Shares of EMR stock opened at $112.11 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The company has a market cap of $63.22 billion, a PE ratio of 26.76, a P/E/G ratio of 2.49 and a beta of 1.36. The stock’s fifty day moving average price is $122.37 and its two-hundred day moving average price is $118.85.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.88%. Emerson Electric’s payout ratio is presently 50.36%.

Emerson Electric Company 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.