Canandaigua National Bank & Trust Co. boosted its position in shares of Emerson Electric Company (NYSE:EMR) by 3.6% in the fourth quarter, Holdings Channel reports. The fund owned 25,977 shares of the industrial products company’s stock after purchasing an additional 904 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Emerson Electric were worth $1,810,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of EMR. Beach Investment Management LLC. purchased a new stake in Emerson Electric during the second quarter valued at approximately $771,000. Tirschwell & Loewy Inc. raised its holdings in shares of Emerson Electric by 4.4% in the second quarter. Tirschwell & Loewy Inc. now owns 9,402 shares of the industrial products company’s stock worth $561,000 after buying an additional 400 shares during the last quarter. Conning Inc. raised its holdings in shares of Emerson Electric by 6.4% in the second quarter. Conning Inc. now owns 571,614 shares of the industrial products company’s stock worth $34,080,000 after buying an additional 34,162 shares during the last quarter. Dupont Capital Management Corp purchased a new position in shares of Emerson Electric in the second quarter worth $306,000. Finally, Morningstar Investment Services LLC raised its holdings in shares of Emerson Electric by 40.9% in the second quarter. Morningstar Investment Services LLC now owns 591,732 shares of the industrial products company’s stock worth $35,279,000 after buying an additional 171,785 shares during the last quarter. 69.23% of the stock is owned by institutional investors.
EMR has been the subject of a number of research analyst reports. Cowen reaffirmed a “buy” rating and issued a $72.00 price target on shares of Emerson Electric in a report on Wednesday, December 6th. Zacks Investment Research cut shares of Emerson Electric from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Robert W. Baird reaffirmed a “hold” rating and issued a $70.00 price target on shares of Emerson Electric in a report on Friday, November 10th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $66.00 price target on shares of Emerson Electric in a report on Friday, December 8th. Finally, Royal Bank of Canada reaffirmed a “neutral” rating on shares of Emerson Electric in a report on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $67.65.
Shares of Emerson Electric Company (EMR) opened at $69.07 on Friday. The firm has a market cap of $44,330.00, a price-to-earnings ratio of 26.57, a PEG ratio of 2.38 and a beta of 1.19. Emerson Electric Company has a 52 week low of $56.77 and a 52 week high of $74.45. The company has a quick ratio of 1.30, a current ratio of 1.32 and a debt-to-equity ratio of 0.40.
Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.04. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.72 billion. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 earnings per share. research analysts forecast that Emerson Electric Company will post 3.12 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 16th will be paid a $0.485 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.81%. Emerson Electric’s payout ratio is currently 74.62%.
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Emerson Electric 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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