Tompkins Financial Corp Sells 3,805 Shares of Emerson Electric Co. $EMR

Key Points

• Tompkins Financial Corp sold 3,805 shares of Emerson Electric Co., reducing its stake by 17.4% to hold a total of 18,007 shares valued at $2,401,000.
• Recent analyst upgrades have raised Emerson Electric's target prices, with ratings ranging from "equal weight" to "strong buy," and a consensus price target of $142.39.
• The company declared a quarterly dividend of $0.5275 per share, which translates to an annualized yield of 1.6% with a payout ratio of 45.38%.

Tompkins Financial Corp trimmed its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 17.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,007 shares of the industrial products company's stock after selling 3,805 shares during the period. Tompkins Financial Corp's holdings in Emerson Electric were worth $2,401,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in EMR. Brighton Jones LLC raised its stake in shares of Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock valued at $1,412,000 after acquiring an additional 4,850 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in shares of Emerson Electric by 12.4% in the 4th quarter. Westwood Holdings Group Inc. now owns 20,480 shares of the industrial products company's stock valued at $2,538,000 after acquiring an additional 2,262 shares in the last quarter. Vident Advisory LLC increased its position in Emerson Electric by 4.5% in the 4th quarter. Vident Advisory LLC now owns 14,637 shares of the industrial products company's stock worth $1,814,000 after buying an additional 633 shares during the period. Zurich Insurance Group Ltd FI bought a new position in Emerson Electric in the 4th quarter worth approximately $3,003,000. Finally, Waverly Advisors LLC increased its position in Emerson Electric by 29.8% in the 4th quarter. Waverly Advisors LLC now owns 24,372 shares of the industrial products company's stock worth $3,020,000 after buying an additional 5,601 shares during the period. 74.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on EMR shares. Citigroup lifted their price target on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Stephens lifted their price target on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Barclays raised Emerson Electric from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. Bank of America lifted their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Wells Fargo & Company lifted their price target on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $142.39.

Emerson Electric Price Performance

EMR traded up $0.45 during trading on Friday, hitting $132.36. The company's stock had a trading volume of 3,768,798 shares, compared to its average volume of 2,773,252. The firm's 50 day moving average price is $136.63 and its two-hundred day moving average price is $123.29. 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 12 month low of $90.06 and a 12 month high of $150.27. The stock has a market capitalization of $74.49 billion, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 2.51 and a beta of 1.30.

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

Emerson Electric Announces Dividend

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

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.