Community Financial Services Group LLC Buys 3,890 Shares of Emerson Electric Company (EMR)
Community Financial Services Group LLC increased its position in shares of Emerson Electric Company (NYSE:EMR) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,470 shares of the industrial products company’s stock after buying an additional 3,890 shares during the period. Emerson Electric accounts for about 2.6% of Community Financial Services Group LLC’s holdings, making the stock its 19th largest position. Community Financial Services Group LLC’s holdings in Emerson Electric were worth $5,775,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Somerset Trust Co increased its stake in shares of Emerson Electric by 2.2% in the first quarter. Somerset Trust Co now owns 21,828 shares of the industrial products company’s stock valued at $1,306,000 after buying an additional 474 shares in the last quarter. Benedict Financial Advisors Inc. increased its stake in shares of Emerson Electric by 0.6% in the first quarter. Benedict Financial Advisors Inc. now owns 46,836 shares of the industrial products company’s stock valued at $2,804,000 after buying an additional 262 shares in the last quarter. Viking Fund Management LLC increased its stake in shares of Emerson Electric by 50.0% in the first quarter. Viking Fund Management LLC now owns 51,000 shares of the industrial products company’s stock valued at $3,053,000 after buying an additional 17,000 shares in the last quarter. Princeton Alpha Management LP acquired a new stake in shares of Emerson Electric during the first quarter valued at $461,000. Finally, Pinnacle Financial Partners Inc. increased its stake in shares of Emerson Electric by 10.4% in the first quarter. Pinnacle Financial Partners Inc. now owns 61,784 shares of the industrial products company’s stock valued at $3,698,000 after buying an additional 5,844 shares in the last quarter. 69.42% of the stock is currently owned by institutional investors.
Shares of Emerson Electric Company (NYSE:EMR) traded down 0.25% on Tuesday, reaching $59.48. The company had a trading volume of 326,774 shares. Emerson Electric Company has a 52 week low of $49.22 and a 52 week high of $64.36. The firm has a market capitalization of $38.07 billion, a P/E ratio of 26.54 and a beta of 1.20. The company’s 50-day moving average price is $59.85 and its 200 day moving average price is $59.84.
Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.68. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the prior year, the firm earned $0.68 EPS. The business’s revenue was up 9.9% on a year-over-year basis. On average, analysts expect that Emerson Electric Company will post $2.61 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 11th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.92 dividend on an annualized basis and a yield of 3.22%. Emerson Electric’s payout ratio is 85.33%.
Several equities research analysts have weighed in on EMR shares. TheStreet raised Emerson Electric from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Stifel Nicolaus reissued a “buy” rating and issued a $67.00 price target (up previously from $65.00) on shares of Emerson Electric in a report on Monday, May 15th. Zacks Investment Research downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, May 5th. JMP Securities started coverage on Emerson Electric in a report on Monday, June 19th. They issued an “outperform” rating and a $70.00 price target for the company. Finally, Morgan Stanley reissued an “overweight” rating on shares of Emerson Electric in a report on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $58.14.
Emerson Electric Company 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.
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