Parkside Financial Bank & Trust Has $560,000 Holdings in Emerson Electric Co. (NYSE:EMR)

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Parkside Financial Bank & Trust lifted its stake in Emerson Electric Co. (NYSE:EMR) by 12.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,386 shares of the industrial products company’s stock after buying an additional 959 shares during the period. Parkside Financial Bank & Trust’s holdings in Emerson Electric were worth $560,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC increased its holdings in Emerson Electric by 38.5% during the 3rd quarter. Golden State Wealth Management LLC now owns 540 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 150 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Emerson Electric by 1.8% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 8,630 shares of the industrial products company’s stock valued at $577,000 after buying an additional 150 shares during the period. Tradewinds Capital Management LLC increased its stake in shares of Emerson Electric by 15.3% in the 3rd quarter. Tradewinds Capital Management LLC now owns 1,216 shares of the industrial products company’s stock valued at $81,000 after buying an additional 161 shares during the period. Comprehensive Portfolio Management LLC increased its stake in shares of Emerson Electric by 3.2% in the 3rd quarter. Comprehensive Portfolio Management LLC now owns 5,464 shares of the industrial products company’s stock valued at $365,000 after buying an additional 171 shares during the period. Finally, Investment Management of Virginia LLC increased its stake in shares of Emerson Electric by 0.7% in the 2nd quarter. Investment Management of Virginia LLC now owns 26,212 shares of the industrial products company’s stock valued at $1,749,000 after buying an additional 175 shares during the period. 70.32% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:EMR traded up $0.09 during midday trading on Friday, hitting $73.88. The company had a trading volume of 2,186,068 shares, compared to its average volume of 3,242,199. Emerson Electric Co. has a 12 month low of $55.38 and a 12 month high of $75.54. The company has a current ratio of 1.19, a quick ratio of 0.85 and a debt-to-equity ratio of 0.52. The stock has a market cap of $45.39 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 2.52 and a beta of 1.37. The firm has a fifty day simple moving average of $67.96 and a 200 day simple moving average of $64.99.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.07. Emerson Electric had a return on equity of 26.32% and a net margin of 12.55%. The business had revenue of $4.97 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same period last year, the company earned $0.89 EPS. The firm’s revenue was up 1.7% on a year-over-year basis. Equities analysts forecast that Emerson Electric Co. will post 3.65 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a $0.50 dividend. The ex-dividend date is Thursday, November 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.71%. Emerson Electric’s dividend payout ratio is currently 53.12%.

EMR has been the subject of several research reports. Morgan Stanley lifted their target price on Emerson Electric from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday. Stephens set a $71.00 target price on Emerson Electric and gave the company a “buy” rating in a research note on Monday, September 30th. Royal Bank of Canada raised Emerson Electric from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $65.00 to $77.00 in a research note on Monday, September 30th. Citigroup lifted their target price on Emerson Electric from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Deutsche Bank lowered their target price on Emerson Electric from $74.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $73.00.

Emerson Electric Company Profile

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.

Further Reading: Cost of Debt

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

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