Emerson Electric Co. (NYSE:EMR) Shares Purchased by AMG National Trust Bank

AMG National Trust Bank lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.2% in the 2nd quarter, Holdings Channel reports. The fund owned 8,435 shares of the industrial products company’s stock after buying an additional 100 shares during the period. AMG National Trust Bank’s holdings in Emerson Electric were worth $929,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Calamos Wealth Management LLC lifted its stake in shares of Emerson Electric by 3,982.1% in the 2nd quarter. Calamos Wealth Management LLC now owns 84,704 shares of the industrial products company’s stock worth $9,331,000 after acquiring an additional 82,629 shares during the period. Ceredex Value Advisors LLC boosted its position in shares of Emerson Electric by 23.3% during the 2nd quarter. Ceredex Value Advisors LLC now owns 410,602 shares of the industrial products company’s stock valued at $45,232,000 after purchasing an additional 77,477 shares in the last quarter. Cape ANN Savings Bank raised its holdings in shares of Emerson Electric by 8.2% in the 2nd quarter. Cape ANN Savings Bank now owns 2,302 shares of the industrial products company’s stock worth $254,000 after purchasing an additional 175 shares in the last quarter. Kanawha Capital Management LLC lifted its stake in Emerson Electric by 3.0% during the second quarter. Kanawha Capital Management LLC now owns 84,064 shares of the industrial products company’s stock valued at $9,261,000 after purchasing an additional 2,422 shares during the last quarter. Finally, Beacon Capital Management LLC grew its position in Emerson Electric by 26.5% in the second quarter. Beacon Capital Management LLC now owns 768 shares of the industrial products company’s stock worth $85,000 after buying an additional 161 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Oppenheimer decreased their target price on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Royal Bank of Canada reduced their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and raised their price objective for the stock from $123.00 to $138.00 in a research note on Thursday, May 9th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $124.33.

Emerson Electric Stock Performance

NYSE:EMR traded up $0.28 during mid-day trading on Friday, hitting $104.64. 2,774,436 shares of the company’s stock traded hands, compared to its average volume of 2,692,458. The firm has a market capitalization of $59.86 billion, a price-to-earnings ratio of 5.60, a price-to-earnings-growth ratio of 1.93 and a beta of 1.32. The firm has a 50 day moving average of $109.78 and a two-hundred day moving average of $109.89. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.01. The business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. Emerson Electric’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $1.29 earnings per share. On average, equities analysts forecast that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be paid a $0.525 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.01%. 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.