Emerson Electric Co. (NYSE:EMR) Shares Bought by Tompkins Financial Corp

Tompkins Financial Corp lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 21,812 shares of the industrial products company’s stock after purchasing an additional 125 shares during the period. Tompkins Financial Corp’s holdings in Emerson Electric were worth $2,391,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. GDS Wealth Management raised its stake in shares of Emerson Electric by 2.0% during the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock worth $491,000 after buying an additional 79 shares in the last quarter. Mcdonald Partners LLC increased its stake in Emerson Electric by 0.6% in the 4th quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company’s stock valued at $1,761,000 after purchasing an additional 81 shares in the last quarter. Little House Capital LLC increased its stake in Emerson Electric by 0.5% in the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company’s stock valued at $2,108,000 after purchasing an additional 89 shares in the last quarter. Sargent Investment Group LLC increased its stake in Emerson Electric by 0.5% in the 4th quarter. Sargent Investment Group LLC now owns 16,986 shares of the industrial products company’s stock valued at $2,012,000 after purchasing an additional 90 shares in the last quarter. Finally, Pittenger & Anderson Inc. increased its stake in Emerson Electric by 0.3% in the 4th quarter. Pittenger & Anderson Inc. now owns 36,035 shares of the industrial products company’s stock valued at $4,466,000 after purchasing an additional 95 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the transaction, the chief executive officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.50% of the company’s stock.

Emerson Electric Trading Up 0.1%

Emerson Electric stock opened at $119.86 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The company has a market capitalization of $67.42 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85. The company’s fifty day moving average price is $108.56 and its two-hundred day moving average price is $118.89.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $1.36 earnings per share. On average, analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.48%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EMR. Royal Bank of Canada raised their price objective on Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Barclays raised their price objective on Emerson Electric from $99.00 to $104.00 and gave the company an “underweight” rating in a research note on Thursday, May 8th. Morgan Stanley raised their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. KeyCorp dropped their price target on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, Wall Street Zen raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Two 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $133.06.

Emerson Electric 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.