NBT Bank N A NY Sells 130 Shares of Emerson Electric Co. $EMR

NBT Bank N A NY trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 16,913 shares of the industrial products company’s stock after selling 130 shares during the quarter. NBT Bank N A NY’s holdings in Emerson Electric were worth $2,255,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Proffitt & Goodson Inc. lifted its stake in shares of Emerson Electric by 0.9% in the second quarter. Proffitt & Goodson Inc. now owns 10,157 shares of the industrial products company’s stock valued at $1,354,000 after buying an additional 88 shares in the last quarter. REAP Financial Group LLC lifted its stake in shares of Emerson Electric by 19.5% in the second quarter. REAP Financial Group LLC now owns 1,783 shares of the industrial products company’s stock valued at $238,000 after buying an additional 291 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Emerson Electric by 5.6% in the second quarter. Venturi Wealth Management LLC now owns 5,934 shares of the industrial products company’s stock valued at $791,000 after buying an additional 314 shares in the last quarter. DMC Group LLC lifted its stake in shares of Emerson Electric by 20.6% in the second quarter. DMC Group LLC now owns 6,251 shares of the industrial products company’s stock valued at $833,000 after buying an additional 1,067 shares in the last quarter. Finally, Canopy Partners LLC lifted its stake in shares of Emerson Electric by 13.8% in the second quarter. Canopy Partners LLC now owns 4,285 shares of the industrial products company’s stock valued at $571,000 after buying an additional 520 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on EMR shares. Bank of America raised their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. TD Cowen raised shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Wells Fargo & Company reissued an “equal weight” rating and set a $140.00 price target (down from $150.00) on shares of Emerson Electric in a research report on Monday. Daiwa Capital Markets raised their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $144.29.

Emerson Electric Stock Performance

NYSE EMR opened at $133.10 on Thursday. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The company has a 50-day simple moving average of $133.25 and a 200 day simple moving average of $124.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The company has a market capitalization of $74.91 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter last year, the company posted $1.43 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.5275 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is presently 45.38%.

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.