Cambridge Trust Co. Cuts Position in Emerson Electric Co. (NYSE:EMR)

Cambridge Trust Co. reduced its stake in Emerson Electric Co. (NYSE:EMR) by 13.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 15,299 shares of the industrial products company’s stock after selling 2,478 shares during the period. Cambridge Trust Co.’s holdings in Emerson Electric were worth $1,735,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Tobam boosted its holdings in shares of Emerson Electric by 2,275.0% in the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 273 shares during the period. Accordant Advisory Group Inc acquired a new stake in shares of Emerson Electric in the first quarter valued at approximately $29,000. Security National Bank acquired a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $29,000. Cape Investment Advisory Inc. boosted its holdings in shares of Emerson Electric by 148.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 188 shares during the period. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Emerson Electric in the first quarter valued at approximately $31,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Mizuho increased their price objective on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, May 9th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Robert W. Baird lowered their price objective on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Barclays lifted their price objective on shares of Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and lifted their price objective for the company from $123.00 to $138.00 in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $123.44.

Emerson Electric Stock Down 3.4 %

Shares of EMR stock traded down $3.88 during mid-day trading on Friday, reaching $109.21. 3,194,669 shares of the company were exchanged, compared to its average volume of 2,268,351. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $119.53. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18. The company has a market capitalization of $62.48 billion, a P/E ratio of 5.84, a P/E/G ratio of 1.93 and a beta of 1.32. The business’s 50 day simple moving average is $111.33 and its 200 day simple moving average is $108.77.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. The company had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the business posted $1.09 earnings per share. Research analysts predict that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is 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.