Community Trust & Investment Co. Buys Shares of 1,891 Emerson Electric Co. (NYSE:EMR)

Community Trust & Investment Co. bought a new stake in Emerson Electric Co. (NYSE:EMR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,891 shares of the industrial products company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EMR. Transcendent Capital Group LLC purchased a new position in shares of Emerson Electric in the first quarter valued at $31,000. Meeder Asset Management Inc. increased its position in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares in the last quarter. Tributary Capital Management LLC purchased a new position in shares of Emerson Electric in the first quarter valued at $35,000. Versant Capital Management Inc increased its position in shares of Emerson Electric by 471.9% in the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after buying an additional 269 shares in the last quarter. Finally, Thompson Investment Management Inc. increased its position in shares of Emerson Electric by 2,650.0% in the first quarter. Thompson Investment Management Inc. now owns 385 shares of the industrial products company’s stock valued at $44,000 after buying an additional 371 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Emerson Electric stock opened at $109.49 on Wednesday. The stock’s 50 day moving average price is $105.91 and its 200 day moving average price is $109.09. The firm has a market capitalization of $62.64 billion, a PE ratio of 5.86, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53.

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

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were issued a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 1.92%. Emerson Electric’s dividend payout ratio is presently 11.24%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EMR. Barclays dropped their price target on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Oppenheimer lifted their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Royal Bank of Canada dropped their price objective 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. Finally, Wells Fargo & Company dropped their price objective on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.47.

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.