Community Bank N.A. Sells 1,172 Shares of Emerson Electric Co. (NYSE:EMR)

Community Bank N.A. decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 1.9% in the fourth quarter, Holdings Channel reports. The firm owned 61,304 shares of the industrial products company’s stock after selling 1,172 shares during the quarter. Community Bank N.A.’s holdings in Emerson Electric were worth $5,967,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Tobam increased its holdings in shares of Emerson Electric by 2,275.0% in the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 273 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new stake in shares of Emerson Electric in the fourth quarter worth $35,000. Morton Brown Family Wealth LLC bought a new stake in shares of Emerson Electric in the fourth quarter worth $39,000. MCF Advisors LLC grew its holdings in shares of Emerson Electric by 1,484.6% in the fourth quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 386 shares during the period. Finally, Authentikos Wealth Advisory LLC bought a new stake in shares of Emerson Electric in the third quarter worth $42,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded down $0.15 during trading hours on Wednesday, hitting $109.62. The company’s stock had a trading volume of 1,873,662 shares, compared to its average volume of 2,631,500. The business has a 50 day moving average price of $110.23 and a two-hundred day moving average price of $99.11. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $115.26. The company has a market cap of $62.57 billion, a PE ratio of 5.71, a PEG ratio of 1.88 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.04 by $0.18. The business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The business’s revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 earnings per share. Analysts expect that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were given a $0.525 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.92%. Emerson Electric’s dividend payout ratio is currently 10.94%.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 2,413 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the sale, the director now directly owns 9,591 shares in the company, valued at $989,599.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. UBS Group lifted their price objective on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Mizuho lifted their price objective on Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Berenberg Bank boosted their price target on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. KeyCorp boosted their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Finally, Royal Bank of Canada boosted their price target on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $116.25.

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.