Camden National Bank Sells 725 Shares of Emerson Electric Co. $EMR

Camden National Bank lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 20.6% in the 2nd quarter, Holdings Channel reports. The firm owned 2,790 shares of the industrial products company’s stock after selling 725 shares during the period. Camden National Bank’s holdings in Emerson Electric were worth $372,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Saudi Central Bank bought a new position in Emerson Electric during the first quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Emerson Electric during the 1st quarter valued at approximately $27,000. Winnow Wealth LLC purchased a new position in shares of Emerson Electric in the second quarter valued at $34,000. PFS Partners LLC increased its position in Emerson Electric by 65.9% in the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 108 shares during the last quarter. Finally, Traub Capital Management LLC purchased a new stake in Emerson Electric during the second quarter valued at $37,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Price Performance

Shares of EMR stock opened at $128.19 on Friday. The stock has a 50 day moving average price of $131.42 and a 200 day moving average price of $131.18. The firm has a market capitalization of $72.02 billion, a P/E ratio of 27.57, a P/E/G ratio of 2.36 and a beta of 1.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27.

Emerson Electric (NYSE:EMR) last released its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The business had revenue of $3.16 billion for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric announced that its board has authorized a stock buyback plan on Wednesday, November 5th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be given a $0.555 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.22 annualized dividend and a yield of 1.7%. Emerson Electric’s dividend payout ratio is presently 54.95%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Wells Fargo & Company reissued an “equal weight” rating and set a $140.00 price objective (down from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Wolfe Research raised their price objective on Emerson Electric from $165.00 to $168.00 and gave the company an “outperform” rating in a research note on Friday. Royal Bank Of Canada dropped their target price on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Finally, Jefferies Financial Group lowered their price target on Emerson Electric from $155.00 to $145.00 and set a “buy” rating for the company in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $148.13.

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.