Emerson Electric Co. (NYSE:EMR) Shares Sold by Dubuque Bank & Trust Co.

Dubuque Bank & Trust Co. cut its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 33.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,038 shares of the industrial products company’s stock after selling 28,429 shares during the period. Dubuque Bank & Trust Co.’s holdings in Emerson Electric were worth $3,837,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of EMR. Moody National Bank Trust Division acquired a new stake in Emerson Electric during the 4th quarter valued at $27,000. Csenge Advisory Group acquired a new stake in Emerson Electric during the 3rd quarter valued at $28,000. Massey Quick Simon & CO. LLC acquired a new stake in Emerson Electric during the 4th quarter valued at $30,000. Norway Savings Bank raised its stake in Emerson Electric by 60.1% during the 4th quarter. Norway Savings Bank now owns 533 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 200 shares during the period. Finally, Laurel Wealth Advisors LLC acquired a new stake in Emerson Electric during the 4th quarter valued at $36,000. Institutional investors and hedge funds own 72.63% of the company’s stock.

NYSE:EMR traded up $0.33 during trading hours on Wednesday, reaching $72.51. The company’s stock had a trading volume of 715,959 shares, compared to its average volume of 2,469,054. The stock has a market capitalization of $44.36 billion, a PE ratio of 21.45, a P/E/G ratio of 2.25 and a beta of 1.24. Emerson Electric Co. has a one year low of $55.38 and a one year high of $79.70. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.08. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Emerson Electric had a net margin of 12.83% and a return on equity of 24.21%. Emerson Electric’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. On average, sell-side analysts forecast that Emerson Electric Co. will post 3.7 earnings per share for the current fiscal year.

Several brokerages have issued reports on EMR. Citigroup raised shares of Emerson Electric from a “sell” rating to a “neutral” rating and set a $66.00 target price on the stock in a research note on Monday, January 14th. Stephens reissued a “buy” rating and set a $68.00 target price on shares of Emerson Electric in a research note on Sunday, January 6th. Cowen restated a “buy” rating and set a $81.00 price target on shares of Emerson Electric in a report on Wednesday, January 30th. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Tuesday, April 2nd. Finally, Morgan Stanley set a $77.00 price target on shares of Emerson Electric and gave the company a “buy” rating in a report on Friday, February 8th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Emerson Electric has an average rating of “Buy” and a consensus target price of $76.61.

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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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