Cambridge Trust Co. Increases Holdings in Emerson Electric Co. (NYSE:EMR)

Cambridge Trust Co. raised its stake in Emerson Electric Co. (NYSE:EMR) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,777 shares of the industrial products company’s stock after purchasing an additional 845 shares during the quarter. Cambridge Trust Co.’s holdings in Emerson Electric were worth $1,730,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Tobam lifted its position in Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 273 shares in the last quarter. Resurgent Financial Advisors LLC acquired a new position in shares of Emerson Electric during the fourth quarter worth $32,000. Certified Advisory Corp acquired a new stake in Emerson Electric during the 1st quarter valued at $34,000. Tennessee Valley Asset Management Partners purchased a new stake in Emerson Electric during the 4th quarter worth $35,000. Finally, Morton Brown Family Wealth LLC purchased a new position in Emerson Electric in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on EMR shares. Berenberg Bank boosted their price target on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Mizuho increased their target price on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Bank of America upped their price target on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, March 4th. KeyCorp raised their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Finally, UBS Group increased their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $116.25.

Emerson Electric Stock Performance

EMR stock opened at $109.31 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $115.26. The stock’s fifty day moving average is $109.87 and its two-hundred day moving average is $98.69. The stock has a market capitalization of $62.39 billion, a price-to-earnings ratio of 5.69, a PEG ratio of 1.90 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.18. The firm had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 EPS. On average, research analysts predict that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 annualized dividend and a yield of 1.92%. Emerson Electric’s payout ratio is 10.94%.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the completion of the sale, the director now owns 9,591 shares in the company, valued at $989,599.38. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.25% of the stock is currently owned by insiders.

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.