Emerson Electric Co. $EMR Shares Bought by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,575 shares of the industrial products company’s stock after buying an additional 591 shares during the period. Plimoth Trust Co. LLC’s holdings in Emerson Electric were worth $3,143,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Saudi Central Bank acquired a new position in shares of Emerson Electric during the first quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Emerson Electric in the 1st quarter valued at about $27,000. Inlight Wealth Management LLC acquired a new position in Emerson Electric during the 1st quarter valued at about $28,000. Fourth Dimension Wealth LLC raised its position in shares of Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after buying an additional 154 shares in the last quarter. Finally, PFS Partners LLC lifted its stake in shares of Emerson Electric by 65.9% in the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 108 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a research note on Saturday, September 27th. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Stephens upped their price objective on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Daiwa Capital Markets lifted their target price on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Finally, Bank of America upped their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $144.88.

Emerson Electric Trading Up 1.3%

Shares of NYSE EMR opened at $134.79 on Monday. The business has a fifty day simple moving average of $134.13 and a 200-day simple moving average of $124.73. The company has a market cap of $75.86 billion, a price-to-earnings ratio of 28.99, a P/E/G ratio of 2.34 and a beta of 1.29. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the previous year, the company earned $1.43 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

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

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.