Cambridge Trust Co. decreased its stake in Emerson Electric Company (NYSE:EMR) by 0.7% during the first quarter, Holdings Channel reports. The institutional investor owned 26,038 shares of the industrial products company’s stock after selling 186 shares during the period. Cambridge Trust Co.’s holdings in Emerson Electric were worth $1,559,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in EMR. Bank of Nova Scotia boosted its stake in Emerson Electric by 3,745.5% in the first quarter. Bank of Nova Scotia now owns 561,400 shares of the industrial products company’s stock valued at $33,771,000 after buying an additional 546,801 shares in the last quarter. Chemung Canal Trust Co. boosted its stake in Emerson Electric by 39.4% in the first quarter. Chemung Canal Trust Co. now owns 159,434 shares of the industrial products company’s stock valued at $9,544,000 after buying an additional 45,030 shares in the last quarter. Farmers National Bank boosted its stake in Emerson Electric by 8.4% in the first quarter. Farmers National Bank now owns 11,627 shares of the industrial products company’s stock valued at $634,000 after buying an additional 900 shares in the last quarter. Lowe Brockenbrough & Co. Inc. boosted its stake in Emerson Electric by 0.8% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 49,024 shares of the industrial products company’s stock valued at $2,935,000 after buying an additional 390 shares in the last quarter. Finally, Financial Advisors Network Inc. boosted its stake in Emerson Electric by 5.2% in the first quarter. Financial Advisors Network Inc. now owns 24,635 shares of the industrial products company’s stock valued at $1,422,000 after buying an additional 1,207 shares in the last quarter. 69.42% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Company (NYSE EMR) traded up 0.54% on Wednesday, hitting $59.73. The stock had a trading volume of 265,575 shares. The company has a market cap of $38.23 billion, a P/E ratio of 26.65 and a beta of 1.20. The stock has a 50 day moving average price of $59.86 and a 200 day moving average price of $59.83. Emerson Electric Company has a 1-year low of $49.22 and a 1-year high of $64.36.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share for the quarter, hitting the consensus estimate of $0.68. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.99 billion. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 EPS. On average, equities research analysts expect that Emerson Electric Company will post $2.61 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 11th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.92 annualized dividend and a dividend yield of 3.23%. Emerson Electric’s payout ratio is currently 85.33%.

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Several equities research analysts recently commented on the company. Berenberg Bank reaffirmed a “sell” rating and set a $53.00 target price on shares of Emerson Electric in a research note on Friday, August 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $62.00 target price (up previously from $61.00) on shares of Emerson Electric in a research note on Wednesday, August 2nd. BidaskClub cut Emerson Electric from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 target price on shares of Emerson Electric in a research note on Wednesday, July 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Emerson Electric in a research note on Tuesday, July 11th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average 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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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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