Emerson Electric Co. $EMR Holdings Cut by Community Bank N.A.

Community Bank N.A. decreased its stake in Emerson Electric Co. (NYSE:EMR) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,324 shares of the industrial products company’s stock after selling 344 shares during the quarter. Emerson Electric makes up about 1.0% of Community Bank N.A.’s holdings, making the stock its 26th biggest position. Community Bank N.A.’s holdings in Emerson Electric were worth $7,243,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. NorthRock Partners LLC lifted its position in Emerson Electric by 2.4% in the 2nd quarter. NorthRock Partners LLC now owns 7,288 shares of the industrial products company’s stock worth $972,000 after buying an additional 168 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Emerson Electric by 31.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 21,131 shares of the industrial products company’s stock worth $2,817,000 after purchasing an additional 5,007 shares during the last quarter. Concord Wealth Partners increased its stake in shares of Emerson Electric by 33.1% during the 2nd quarter. Concord Wealth Partners now owns 1,386 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 345 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Emerson Electric by 13.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 22,456 shares of the industrial products company’s stock worth $2,994,000 after purchasing an additional 2,742 shares during the last quarter. Finally, Vest Financial LLC increased its stake in shares of Emerson Electric by 27.1% during the 2nd quarter. Vest Financial LLC now owns 540,453 shares of the industrial products company’s stock worth $72,059,000 after purchasing an additional 115,098 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE:EMR opened at $128.31 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $72.21 billion, a PE ratio of 27.59, a PEG ratio of 2.19 and a beta of 1.29. The firm’s fifty day simple moving average is $132.37 and its 200 day simple moving average is $125.48. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. The company had revenue of $3.16 billion for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on EMR shares. Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Jefferies Financial Group dropped their price target on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Wells Fargo & Company restated an “equal weight” rating and set a $140.00 price target (down previously from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Finally, Citigroup raised their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.56.

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.