Community Financial Services Group LLC Has $3.43 Million Stake in Emerson Electric Co. (NYSE:EMR)

Community Financial Services Group LLC boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 32.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,236 shares of the industrial products company's stock after acquiring an additional 7,708 shares during the quarter. Community Financial Services Group LLC's holdings in Emerson Electric were worth $3,425,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new stake in shares of Emerson Electric during the fourth quarter worth approximately $25,000. Vega Investment Solutions purchased a new position in shares of Emerson Electric during the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Emerson Electric during the 4th quarter valued at $28,000. Inlight Wealth Management LLC purchased a new position in shares of Emerson Electric during the 1st quarter valued at $28,000. Finally, Ameriflex Group Inc. acquired a new stake in Emerson Electric during the fourth quarter valued at $30,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the transaction, the chief executive officer now directly owns 164,957 shares of the company's stock, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is owned by insiders.

Emerson Electric Trading Up 0.3%

Shares of Emerson Electric stock traded up $0.43 during trading on Friday, reaching $133.16. 4,286,946 shares of the company were exchanged, compared to its average volume of 2,984,568. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. The business has a 50-day moving average price of $118.27 and a 200-day moving average price of $118.24. The firm has a market capitalization of $74.90 billion, a price-to-earnings ratio of 31.86, a P/E/G ratio of 2.62 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The company had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period in the previous year, the company earned $1.36 EPS. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. Sell-side analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were paid a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.58%. Emerson Electric's payout ratio is 50.48%.

Analyst Ratings Changes

A number of research firms recently issued reports on EMR. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Barclays lifted their price target on Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a report on Monday, June 9th. Royal Bank Of Canada lifted their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Citigroup lifted their price objective on shares of Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, KeyCorp lifted their price objective on shares of Emerson Electric from $125.00 to $150.00 and gave the company an "overweight" rating in a research note on Friday, June 13th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and a consensus target price of $136.47.

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.