Kennebec Savings Bank Has $60,000 Stake in Emerson Electric Co. $EMR

Kennebec Savings Bank lowered its position in Emerson Electric Co. (NYSE:EMR) by 46.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 447 shares of the industrial products company’s stock after selling 391 shares during the period. Kennebec Savings Bank’s holdings in Emerson Electric were worth $60,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Saudi Central Bank acquired a new position in shares of Emerson Electric in the 1st quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Emerson Electric in the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new position in shares of Emerson Electric in the 1st quarter worth approximately $28,000. Fourth Dimension Wealth LLC lifted its position in shares of Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 154 shares during the period. Finally, Garde Capital Inc. acquired a new position in shares of Emerson Electric in the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

EMR opened at $131.20 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The company’s fifty day moving average price is $134.71 and its two-hundred day moving average price is $124.26. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company has a market cap of $73.84 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 2.49 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. On average, analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.5275 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio is presently 45.38%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. Daiwa Capital Markets boosted their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Bank of America boosted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Finally, Stephens boosted their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $143.76.

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.