Community Financial Services Group LLC Sells 3,291 Shares of Emerson Electric Co. (NYSE:EMR)

Community Financial Services Group LLC trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 12.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 23,528 shares of the industrial products company’s stock after selling 3,291 shares during the quarter. Community Financial Services Group LLC’s holdings in Emerson Electric were worth $2,916,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. David Wealth Management LLC acquired a new stake in Emerson Electric during the fourth quarter worth about $275,000. Stonebridge Financial Group LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth approximately $4,638,000. Essex Financial Services Inc. increased its stake in 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 acquiring an additional 339 shares during the last quarter. Focus Financial Network Inc. raised its position in 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 purchasing an additional 1,573 shares in the last quarter. Finally, Pineridge Advisors LLC lifted its stake in Emerson Electric by 16.9% during the fourth quarter. Pineridge Advisors LLC now owns 3,363 shares of the industrial products company’s stock worth $417,000 after purchasing an additional 485 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on EMR. Loop Capital boosted their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Robert W. Baird upped their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Stock Performance

EMR stock opened at $126.94 on Wednesday. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average price of $126.37 and a 200-day moving average price of $116.88. The firm has a market cap of $72.30 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34.

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

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.5275 per share. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.66%. Emerson Electric’s dividend payout ratio is currently 50.36%.

Emerson Electric 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.