Emerson Electric Co. (NYSE:EMR) Shares Purchased by Community Bank N.A.

Community Bank N.A. grew its position in Emerson Electric Co. (NYSE:EMR) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,767 shares of the industrial products company’s stock after acquiring an additional 679 shares during the period. Community Bank N.A.’s holdings in Emerson Electric were worth $6,099,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Beacon Investment Advisory Services Inc. lifted its holdings in shares of Emerson Electric by 5.2% in the third quarter. Beacon Investment Advisory Services Inc. now owns 6,020 shares of the industrial products company’s stock valued at $658,000 after purchasing an additional 300 shares in the last quarter. Benjamin Edwards Inc. grew its stake in shares of Emerson Electric by 256.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 43,072 shares of the industrial products company’s stock valued at $4,712,000 after buying an additional 30,991 shares during the period. Erste Asset Management GmbH purchased a new position in shares of Emerson Electric in the 3rd quarter worth about $10,092,000. Plotkin Financial Advisors LLC acquired a new stake in shares of Emerson Electric in the third quarter worth $248,000. Finally, Edgestream Partners L.P. acquired a new stake in shares of Emerson Electric in the third quarter valued at about $3,749,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EMR. UBS Group assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Barclays increased their price objective on Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. Robert W. Baird boosted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, BNP Paribas began coverage on Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $130.00.

Emerson Electric Stock Up 0.0 %

Shares of EMR opened at $132.60 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. Emerson Electric Co. has a one year low of $87.59 and a one year high of $134.17. The company has a market cap of $75.61 billion, a P/E ratio of 38.77, a P/E/G ratio of 2.23 and a beta of 1.30. The firm has a 50 day simple moving average of $116.88 and a two-hundred day simple moving average of $111.38.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a $0.5275 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.59%. Emerson Electric’s payout ratio is currently 61.70%.

Insider Transactions at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.25% of the company’s stock.

Emerson Electric Company Profile

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.