Community Bank N.A. increased its position in shares of Emerson Electric Company (NYSE:EMR) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,099 shares of the industrial products company’s stock after purchasing an additional 1,969 shares during the quarter. Community Bank N.A.’s holdings in Emerson Electric were worth $2,795,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Crossmark Global Holdings Inc. acquired a new stake in shares of Emerson Electric during the 3rd quarter worth about $12,652,000. APG Asset Management N.V. increased its position in shares of Emerson Electric by 10.8% during the 3rd quarter. APG Asset Management N.V. now owns 3,921,119 shares of the industrial products company’s stock worth $246,403,000 after purchasing an additional 383,300 shares in the last quarter. Fagan Associates Inc. increased its position in shares of Emerson Electric by 19.3% during the 2nd quarter. Fagan Associates Inc. now owns 5,975 shares of the industrial products company’s stock worth $356,000 after purchasing an additional 968 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its position in shares of Emerson Electric by 6.6% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,075 shares of the industrial products company’s stock worth $601,000 after purchasing an additional 620 shares in the last quarter. Finally, Andra AP fonden increased its position in shares of Emerson Electric by 5.2% during the 2nd quarter. Andra AP fonden now owns 95,300 shares of the industrial products company’s stock worth $5,682,000 after purchasing an additional 4,700 shares in the last quarter. Institutional investors and hedge funds own 69.23% of the company’s stock.
A number of equities research analysts recently issued reports on EMR shares. Edward Jones cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Wells Fargo & Co reiterated a “market perform” rating and set a $65.00 target price (up previously from $60.00) on shares of Emerson Electric in a research report on Wednesday, November 8th. Bank of America upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and increased their target price for the stock from $64.44 to $79.00 in a research report on Tuesday, October 17th. Cowen reiterated a “buy” rating and set a $72.00 target price on shares of Emerson Electric in a research report on Wednesday, December 20th. Finally, Citigroup set a $61.00 price objective on shares of Emerson Electric and gave the stock a “sell” rating in a report on Tuesday, November 28th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $67.65.
Shares of Emerson Electric Company (NYSE EMR) opened at $69.07 on Friday. Emerson Electric Company has a fifty-two week low of $56.77 and a fifty-two week high of $74.45. The company has a current ratio of 1.32, a quick ratio of 1.30 and a debt-to-equity ratio of 0.40. The company has a market cap of $46,110.00, a PE ratio of 26.57, a price-to-earnings-growth ratio of 2.29 and a beta of 1.19.
Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.72 billion. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. equities analysts forecast that Emerson Electric Company will post 3.12 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 16th will be paid a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 74.62%.
In other news, VP Bell Katherine Button sold 7,909 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $64.78, for a total value of $512,345.02. Following the transaction, the vice president now owns 44,628 shares of the company’s stock, valued at approximately $2,891,001.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Frank J. Dellaquila sold 2,100 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total transaction of $136,017.00. Following the completion of the transaction, the vice president now directly owns 178,743 shares in the company, valued at approximately $11,577,184.11. The disclosure for this sale can be found here. Insiders sold a total of 27,017 shares of company stock worth $1,771,129 in the last ninety days. Insiders own 0.79% of the company’s stock.
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Emerson Electric Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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