Emerson Electric Company (EMR) Shares Sold by Community Bank N.A.

Community Bank N.A. lessened its holdings in shares of Emerson Electric Company (NYSE:EMR) by 4.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,130 shares of the industrial products company’s stock after selling 1,640 shares during the period. Community Bank N.A.’s holdings in Emerson Electric were worth $2,396,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Longview Partners Guernsey LTD increased its holdings in Emerson Electric by 9.0% during the 3rd quarter. Longview Partners Guernsey LTD now owns 13,758,325 shares of the industrial products company’s stock valued at $864,573,000 after purchasing an additional 1,134,275 shares during the period. Zevin Asset Management LLC increased its holdings in Emerson Electric by 3.9% during the 3rd quarter. Zevin Asset Management LLC now owns 111,690 shares of the industrial products company’s stock valued at $7,019,000 after purchasing an additional 4,149 shares during the period. Clarkston Capital Partners LLC boosted its position in Emerson Electric by 0.6% during the 3rd quarter. Clarkston Capital Partners LLC now owns 380,866 shares of the industrial products company’s stock valued at $23,934,000 after acquiring an additional 2,325 shares in the last quarter. Conning Inc. boosted its position in Emerson Electric by 8.1% during the 3rd quarter. Conning Inc. now owns 617,892 shares of the industrial products company’s stock valued at $38,828,000 after acquiring an additional 46,278 shares in the last quarter. Finally, E&G Advisors LP boosted its position in Emerson Electric by 35.4% during the 3rd quarter. E&G Advisors LP now owns 6,500 shares of the industrial products company’s stock valued at $408,000 after acquiring an additional 1,700 shares in the last quarter. Institutional investors own 69.00% of the company’s stock.

Shares of Emerson Electric Company (EMR) opened at $67.26 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30. Emerson Electric Company has a 12-month low of $55.40 and a 12-month high of $67.83. The company has a market capitalization of $43,168.82, a P/E ratio of 26.07, a PEG ratio of 3.02 and a beta of 1.24.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, hitting analysts’ consensus estimates of $0.83. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The firm had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.43 billion. During the same period in the previous year, the firm posted $0.74 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. research analysts predict that Emerson Electric Company will post 2.92 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 17th were given a $0.485 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Thursday, November 16th. Emerson Electric’s payout ratio is currently 82.55%.

In other news, VP Bell Katherine Button sold 7,909 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $64.78, for a total value of $512,345.02. Following the sale, the vice president now directly owns 44,628 shares of the company’s stock, valued at approximately $2,891,001.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $65.74, for a total value of $623,872.60. Following the completion of the sale, the chief operating officer now directly owns 168,984 shares in the company, valued at $11,109,008.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,017 shares of company stock worth $1,771,129. Insiders own 0.79% of the company’s stock.

Several analysts have weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating on shares of Emerson Electric in a research report on Thursday, October 12th. Edward Jones cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Cowen raised Emerson Electric to a “buy” rating and set a $71.00 price objective on the stock in a research report on Monday, October 23rd. Zacks Investment Research raised Emerson Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, Citigroup set a $61.00 price objective on Emerson Electric and gave the company a “sell” rating in a research report on Tuesday, November 28th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $65.86.

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Emerson Electric Profile

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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