Community Bank N.A. Has $5.99 Million Stake in Emerson Electric Co. (NYSE:EMR)

Community Bank N.A. lifted its stake in Emerson Electric Co. (NYSE:EMR) by 0.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,668 shares of the industrial products company’s stock after purchasing an additional 376 shares during the period. Community Bank N.A.’s holdings in Emerson Electric were worth $5,994,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new stake in shares of Emerson Electric during the fourth quarter worth $25,000. Vega Investment Solutions bought a new stake in Emerson Electric during the 4th quarter worth about $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Emerson Electric during the 4th quarter valued at about $28,000. Ameriflex Group Inc. bought a new position in shares of Emerson Electric in the 4th quarter valued at about $30,000. Finally, Meeder Asset Management Inc. grew its position in shares of Emerson Electric by 208.2% during the 4th quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company’s stock worth $37,000 after buying an additional 202 shares during the period. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EMR. Royal Bank Of Canada raised their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. lifted their price objective on Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. KeyCorp increased their target price on Emerson Electric from $125.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, June 13th. Wells Fargo & Company boosted their target price on Emerson Electric from $121.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 21st. Finally, Wall Street Zen upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $136.47.

Emerson Electric Price Performance

EMR stock opened at $127.55 on Wednesday. The stock has a 50-day moving average price of $113.52 and a two-hundred day moving average price of $118.26. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The stock has a market cap of $71.75 billion, a PE ratio of 30.51, a price-to-earnings-growth ratio of 2.54 and a beta of 1.28. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. Emerson Electric’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the company earned $1.36 earnings per share. Equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 50.48%.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the transaction, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.50% of the company’s stock.

Emerson Electric Company Profile

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.