Grove Bank & Trust Acquires 180 Shares of Emerson Electric Co. (NYSE:EMR)

Grove Bank & Trust raised its stake in Emerson Electric Co. (NYSE:EMR) by 10.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,929 shares of the industrial products company’s stock after purchasing an additional 180 shares during the period. Grove Bank & Trust’s holdings in Emerson Electric were worth $211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new position in shares of Emerson Electric in the 4th quarter worth approximately $25,000. Vega Investment Solutions purchased a new position in Emerson Electric in the fourth quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Emerson Electric during the fourth quarter worth $28,000. Ameriflex Group Inc. purchased a new stake in shares of Emerson Electric during the 4th quarter valued at $30,000. Finally, Meeder Asset Management Inc. increased its holdings in shares of Emerson Electric by 208.2% during the fourth quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 202 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction dated Thursday, May 8th. The shares were 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 of the company’s stock, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

EMR has been the topic of several analyst reports. Royal Bank Of Canada increased their price target on Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Wall Street Zen upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, May 9th. JPMorgan Chase & Co. boosted their target price on Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Robert W. Baird cut their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Finally, Barclays upped their price target on Emerson Electric from $112.00 to $118.00 and gave the company an “underweight” rating in a research note on Monday, June 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $136.47.

Emerson Electric Trading Down 0.9%

NYSE EMR opened at $127.55 on Wednesday. The stock has a market capitalization 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 quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $113.52 and a two-hundred day moving average of $118.26. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results 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. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter last year, the company posted $1.36 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. As a group, research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a dividend of $0.5275 per share. 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 is presently 50.48%.

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.