Cape Cod Five Cents Savings Bank Purchases 11,524 Shares of Emerson Electric Co. (EMR)

Cape Cod Five Cents Savings Bank raised its position in shares of Emerson Electric Co. (NYSE:EMR) by 60.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,451 shares of the industrial products company’s stock after buying an additional 11,524 shares during the period. Cape Cod Five Cents Savings Bank’s holdings in Emerson Electric were worth $1,823,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Buckhead Capital Management LLC increased its stake in Emerson Electric by 0.3% in the third quarter. Buckhead Capital Management LLC now owns 9,135 shares of the industrial products company’s stock worth $498,000 after buying an additional 30 shares during the last quarter. Renaissance Investment Group LLC increased its position in shares of Emerson Electric by 0.4% in the first quarter. Renaissance Investment Group LLC now owns 7,972 shares of the industrial products company’s stock valued at $477,000 after buying an additional 30 shares in the last quarter. Howland Capital Management LLC increased its position in shares of Emerson Electric by 0.4% in the first quarter. Howland Capital Management LLC now owns 15,982 shares of the industrial products company’s stock valued at $957,000 after buying an additional 66 shares in the last quarter. Cadence Bank NA increased its position in shares of Emerson Electric by 0.8% in the fourth quarter. Cadence Bank NA now owns 12,285 shares of the industrial products company’s stock valued at $685,000 after buying an additional 93 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Emerson Electric by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 36,847 shares of the industrial products company’s stock valued at $2,054,000 after buying an additional 93 shares in the last quarter. Institutional investors own 71.04% of the company’s stock.

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

Emerson Electric Co. (NYSE:EMR) traded up 1.18% during midday trading on Friday, reaching $59.14. 600,980 shares of the company’s stock traded hands. Emerson Electric Co. has a 52-week low of $48.45 and a 52-week high of $64.36. The firm’s 50-day moving average is $59.18 and its 200 day moving average is $58.13. The firm has a market cap of $38.11 billion, a PE ratio of 25.26 and a beta of 1.17.

Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, May 2nd. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. Emerson Electric had a net margin of 8.50% and a return on equity of 24.26%. The company had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.49 billion. During the same period in the prior year, the business earned $0.57 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. Equities research analysts expect that Emerson Electric Co. will post $2.60 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 12th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Wednesday, May 10th. Emerson Electric’s payout ratio is 77.73%.

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Several research analysts have commented on EMR shares. TheStreet upgraded shares of Emerson Electric from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Thursday, March 2nd. Stifel Nicolaus upped their price target on shares of Emerson Electric from $63.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. Barclays PLC upped their price target on shares of Emerson Electric from $56.00 to $63.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 8th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $58.00 price target on shares of Emerson Electric in a report on Tuesday, April 11th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $55.34.

Emerson Electric Company Profile

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

5 Day Chart for NYSE:EMR

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