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

Glenview Trust co grew its holdings in Emerson Electric Co. (NYSE:EMR) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 219,983 shares of the industrial products company’s stock after purchasing 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 SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sovereign Investment Advisors LLC acquired a new stake in Emerson Electric in the 4th quarter valued at about $363,000. Corient Private Wealth LLC grew its stake in shares of Emerson Electric by 0.5% during the fourth quarter. Corient Private Wealth LLC now owns 963,780 shares of the industrial products company’s stock valued at $119,441,000 after purchasing an additional 5,224 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Emerson Electric by 8.7% in the fourth quarter. Natixis Advisors LLC now owns 360,988 shares of the industrial products company’s stock valued at $44,737,000 after purchasing an additional 29,022 shares in the last quarter. Van Strum & Towne Inc. raised its position in Emerson Electric by 0.7% in the 4th quarter. Van Strum & Towne Inc. now owns 46,659 shares of the industrial products company’s stock worth $5,782,000 after purchasing an additional 341 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd boosted its position in Emerson Electric by 83.3% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 6,600 shares of the industrial products company’s stock valued at $818,000 after buying an additional 3,000 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Trading Up 2.7 %

EMR opened at $112.11 on Friday. The firm’s fifty day simple moving average is $122.37 and its 200 day simple moving average is $118.85. The stock has a market capitalization of $63.22 billion, a P/E ratio of 26.76, a P/E/G ratio of 2.49 and a beta of 1.36. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85.

Emerson Electric (NYSE:EMR) last announced 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%. As a group, research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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

Analyst Ratings Changes

EMR has been the subject of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research report on Thursday, February 6th. Barclays downgraded shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $135.00 to $110.00 in a research report on Monday, March 10th. Loop Capital lifted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Daiwa Capital Markets began coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective on the stock. Finally, StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus target price of $136.28.

About Emerson Electric

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.