Canandaigua National Bank & Trust Co. Buys 148 Shares of Emerson Electric Co. (NYSE:EMR)

Canandaigua National Bank & Trust Co. boosted its stake in Emerson Electric Co. (NYSE:EMR) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,320 shares of the industrial products company’s stock after purchasing an additional 148 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Emerson Electric were worth $1,238,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. Thrive Wealth Management LLC boosted its position in shares of Emerson Electric by 4.1% during the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock valued at $255,000 after acquiring an additional 91 shares during the last quarter. LCM Capital Management Inc boosted its position in shares of Emerson Electric by 1.4% during the 2nd quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock valued at $748,000 after acquiring an additional 91 shares during the last quarter. Sabal Trust CO boosted its position in shares of Emerson Electric by 2.2% during the 2nd quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock valued at $475,000 after acquiring an additional 93 shares during the last quarter. Catalyst Financial Partners LLC boosted its position in shares of Emerson Electric by 3.7% during the 2nd quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock valued at $287,000 after acquiring an additional 94 shares during the last quarter. Finally, PFG Advisors boosted its position in shares of Emerson Electric by 3.8% during the 1st quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock valued at $294,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.7 %

Emerson Electric stock traded up $1.81 during mid-day trading on Friday, hitting $111.44. The company had a trading volume of 2,082,847 shares, compared to its average volume of 2,741,585. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The stock’s 50 day moving average price is $105.37 and its two-hundred day moving average price is $109.32. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53. The company has a market capitalization of $63.75 billion, a PE ratio of 5.96, a price-to-earnings-growth ratio of 1.74 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its 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 business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the previous year, the company posted $1.29 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Morgan Stanley assumed coverage on Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective on the stock. Robert W. Baird raised their price objective on Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Royal Bank of Canada decreased their price objective on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Finally, Oppenheimer raised their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $124.59.

About Emerson Electric

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.