Cambridge Trust Co. Sells 2,478 Shares of Emerson Electric Co. (NYSE:EMR)

Cambridge Trust Co. decreased its stake in Emerson Electric Co. (NYSE:EMR) by 13.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,299 shares of the industrial products company’s stock after selling 2,478 shares during the period. Cambridge Trust Co.’s holdings in Emerson Electric were worth $1,735,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of EMR. PFG Advisors grew its holdings in shares of Emerson Electric by 4.5% in the 4th quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock valued at $243,000 after acquiring an additional 108 shares in the last quarter. Argus Investors Counsel Inc. lifted its stake in Emerson Electric by 1.2% in the 4th quarter. Argus Investors Counsel Inc. now owns 16,630 shares of the industrial products company’s stock valued at $1,619,000 after purchasing an additional 200 shares during the last quarter. First Citizens Bank & Trust Co. lifted its stake in Emerson Electric by 17.3% in the 4th quarter. First Citizens Bank & Trust Co. now owns 13,345 shares of the industrial products company’s stock valued at $1,299,000 after purchasing an additional 1,970 shares during the last quarter. FAS Wealth Partners Inc. lifted its stake in Emerson Electric by 23.4% in the 4th quarter. FAS Wealth Partners Inc. now owns 4,049 shares of the industrial products company’s stock valued at $394,000 after purchasing an additional 768 shares during the last quarter. Finally, DAVENPORT & Co LLC lifted its stake in Emerson Electric by 23.8% in the 4th quarter. DAVENPORT & Co LLC now owns 85,756 shares of the industrial products company’s stock valued at $8,344,000 after purchasing an additional 16,511 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Citigroup raised their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Robert W. Baird cut their price objective on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Redburn Atlantic initiated coverage on shares of Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 price objective for the company. Finally, Mizuho raised their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $123.44.

Emerson Electric Trading Down 3.4 %

Shares of Emerson Electric stock traded down $3.88 during trading on Friday, hitting $109.21. The company’s stock had a trading volume of 3,194,669 shares, compared to its average volume of 2,268,351. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $119.53. The stock has a market cap of $62.48 billion, a price-to-earnings ratio of 5.84, a price-to-earnings-growth ratio of 1.93 and a beta of 1.32. The stock has a 50-day moving average price of $111.33 and a two-hundred day moving average price of $108.77.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The company had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. Emerson Electric’s revenue for the quarter was up 16.5% on a year-over-year basis. Equities research analysts anticipate that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were issued a $0.525 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.10 annualized dividend and a yield of 1.92%. Emerson Electric’s payout ratio is 11.24%.

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.