Community Financial Services Group LLC Has $2.92 Million Position in Emerson Electric Co. (NYSE:EMR)

Community Financial Services Group LLC decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 12.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,528 shares of the industrial products company’s stock after selling 3,291 shares during the period. Community Financial Services Group LLC’s holdings in Emerson Electric were worth $2,916,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. David Wealth Management LLC bought a new position in Emerson Electric in the 4th quarter valued at about $275,000. Stonebridge Financial Group LLC purchased a new stake in shares of Emerson Electric in the fourth quarter worth approximately $4,638,000. Essex Financial Services Inc. lifted its holdings in shares of Emerson Electric by 3.7% in the fourth quarter. Essex Financial Services Inc. now owns 9,413 shares of the industrial products company’s stock valued at $1,167,000 after purchasing an additional 339 shares in the last quarter. Focus Financial Network Inc. boosted its position in shares of Emerson Electric by 42.1% during the fourth quarter. Focus Financial Network Inc. now owns 5,306 shares of the industrial products company’s stock valued at $658,000 after buying an additional 1,573 shares during the last quarter. Finally, Pineridge Advisors LLC raised its position in Emerson Electric by 16.9% in the 4th quarter. Pineridge Advisors LLC now owns 3,363 shares of the industrial products company’s stock valued at $417,000 after buying an additional 485 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EMR has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Wells Fargo & Company increased their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. KeyCorp boosted their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Barclays increased their price target on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Finally, StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Trading Up 0.1 %

Shares of EMR opened at $126.94 on Wednesday. The business’s 50-day moving average price is $126.37 and its 200-day moving average price is $116.88. The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The stock has a market cap of $72.30 billion, a PE ratio of 30.30, a P/E/G ratio of 2.16 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. On average, equities analysts forecast that Emerson Electric Co. will post 5.95 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.66%. Emerson Electric’s dividend payout ratio is currently 50.36%.

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.