Park National Corp OH Cuts Stake in Emerson Electric Co. (NYSE:EMR)

Park National Corp OH lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 4.3% in the third quarter, Holdings Channel reports. The institutional investor owned 235,377 shares of the industrial products company’s stock after selling 10,503 shares during the period. Park National Corp OH’s holdings in Emerson Electric were worth $15,434,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Clearbridge Investments LLC increased its holdings in shares of Emerson Electric by 3.7% in the 1st quarter. Clearbridge Investments LLC now owns 296,102 shares of the industrial products company’s stock valued at $14,109,000 after purchasing an additional 10,609 shares in the last quarter. Cibc World Markets Corp increased its holdings in shares of Emerson Electric by 413.3% in the 2nd quarter. Cibc World Markets Corp now owns 228,860 shares of the industrial products company’s stock valued at $14,196,000 after purchasing an additional 184,278 shares in the last quarter. Guggenheim Capital LLC increased its holdings in shares of Emerson Electric by 9.9% in the 1st quarter. Guggenheim Capital LLC now owns 193,645 shares of the industrial products company’s stock valued at $9,228,000 after purchasing an additional 17,452 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Emerson Electric by 0.3% in the 2nd quarter. Principal Financial Group Inc. now owns 856,734 shares of the industrial products company’s stock valued at $53,143,000 after purchasing an additional 2,823 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Emerson Electric by 6.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 673,910 shares of the industrial products company’s stock valued at $32,112,000 after purchasing an additional 39,604 shares in the last quarter. Institutional investors own 72.37% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of Emerson Electric from $54.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, June 30th. Deutsche Bank cut shares of Emerson Electric from a “buy” rating to a “hold” rating and increased their price objective for the company from $64.00 to $66.00 in a research note on Tuesday, July 14th. JPMorgan Chase & Co. lowered their price objective on shares of Emerson Electric from $80.00 to $69.00 in a research note on Friday, August 7th. Cowen raised shares of Emerson Electric from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research note on Wednesday, August 5th. Finally, TheStreet raised shares of Emerson Electric from a “c+” rating to a “b-” rating in a research note on Wednesday, June 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $66.44.

Shares of Emerson Electric stock traded down $0.94 during mid-day trading on Thursday, hitting $64.63. 2,314,809 shares of the stock were exchanged, compared to its average volume of 3,721,752. Emerson Electric Co. has a twelve month low of $37.75 and a twelve month high of $78.38. The stock has a market capitalization of $38.62 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 2.70 and a beta of 1.51. The company has a 50-day simple moving average of $68.30 and a 200 day simple moving average of $59.74. The company has a current ratio of 1.32, a quick ratio of 0.97 and a debt-to-equity ratio of 0.70.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.19. The company had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.90 billion. Emerson Electric had a net margin of 11.39% and a return on equity of 26.12%. The firm’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period last year, the company earned $0.94 EPS. Equities research analysts forecast that Emerson Electric Co. will post 3.3 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Friday, August 14th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.09%. Emerson Electric’s payout ratio is currently 54.20%.

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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