Community Financial Services Group LLC Buys 29,524 Shares of Emerson Electric Co. $EMR

Key Points

• Community Financial Services Group LLC increased its stake in Emerson Electric Co. by 94.5%, acquiring an additional 29,524 shares, bringing its total holdings to 60,760 shares valued at approximately $8.1 million.
• Emerson Electric reported $1.52 EPS for the last quarter, slightly exceeding analysts' expectations, with revenues of $4.55 billion, reflecting a 3.9% increase year-over-year.
• The company has a dividend yield of 1.6% and recently paid a quarterly dividend of $0.5275 per share, with a payout ratio of 45.38%.

Community Financial Services Group LLC increased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 94.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,760 shares of the industrial products company's stock after purchasing an additional 29,524 shares during the quarter. Emerson Electric makes up about 1.6% of Community Financial Services Group LLC's portfolio, making the stock its 19th biggest position. Community Financial Services Group LLC's holdings in Emerson Electric were worth $8,101,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Saudi Central Bank bought a new position in Emerson Electric during the 1st quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Emerson Electric in the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC bought a new position in shares of Emerson Electric during the first quarter valued at approximately $28,000. Fourth Dimension Wealth LLC increased its holdings in Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after buying an additional 154 shares during the period. Finally, PFS Partners LLC raised its stake in Emerson Electric by 65.9% in the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company's stock worth $36,000 after buying an additional 108 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $131.20 on Thursday. The company has a 50 day moving average price of $134.71 and a 200 day moving average price of $124.26. The firm has a market capitalization of $73.84 billion, a P/E ratio of 28.21, a PEG ratio of 2.49 and a beta of 1.29. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same quarter in the prior year, the business posted $1.43 EPS. Emerson Electric's revenue for the quarter was up 3.9% compared to the same quarter last year. Sell-side analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on EMR shares. Wells Fargo & Company lifted their price target on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Bank of America lifted their target price on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Daiwa Capital Markets increased their price target 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. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Barclays raised shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. 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 given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $143.76.

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.

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