Peoples Financial Services CORP. Has $2.15 Million Stake in Emerson Electric Co. (NYSE:EMR)

Peoples Financial Services CORP. reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,616 shares of the industrial products company’s stock after selling 211 shares during the period. Emerson Electric accounts for 1.0% of Peoples Financial Services CORP.’s investment portfolio, making the stock its 27th biggest holding. Peoples Financial Services CORP.’s holdings in Emerson Electric were worth $2,145,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American National Bank & Trust Co. VA bought a new stake in shares of Emerson Electric in the first quarter valued at about $1,011,000. SG Americas Securities LLC increased its position in shares of Emerson Electric by 183.6% during the first quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock valued at $9,286,000 after purchasing an additional 53,003 shares during the period. Lloyd Advisory Services LLC. acquired a new position in shares of Emerson Electric in the first quarter valued at $1,047,000. Farther Finance Advisors LLC lifted its position in Emerson Electric by 55.0% in the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock worth $931,000 after purchasing an additional 3,060 shares during the period. Finally, Norden Group LLC acquired a new stake in Emerson Electric during the first quarter worth $4,188,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Morgan Stanley began coverage on shares of Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective for the company. Redburn Atlantic began coverage on Emerson Electric in a report on Monday, July 8th. They set a “buy” rating and a $135.00 price objective on the stock. Royal Bank of Canada cut their target price on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Barclays lowered their target price on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Finally, Wells Fargo & Company cut their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $125.47.

Emerson Electric Stock Performance

Shares of NYSE:EMR traded up $1.21 during trading on Wednesday, reaching $110.46. 167,912 shares of the stock were exchanged, compared to its average volume of 2,704,886. The firm has a market cap of $63.19 billion, a PE ratio of 5.91, a PEG ratio of 1.70 and a beta of 1.30. The stock has a 50-day moving average price of $105.18 and a 200-day moving average price of $109.21. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the company posted $1.29 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Research analysts expect that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were given a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.90%. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

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.