Emerson Electric Co. (NYSE:EMR) Shares Purchased by Bangor Savings Bank

Bangor Savings Bank raised its stake in shares of Emerson Electric Co. (NYSE:EMR) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,911 shares of the industrial products company’s stock after purchasing an additional 405 shares during the period. Bangor Savings Bank’s holdings in Emerson Electric were worth $1,167,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EMR. Resurgent Financial Advisors LLC acquired a new stake in shares of Emerson Electric in the fourth quarter worth $32,000. Certified Advisory Corp acquired a new stake in shares of Emerson Electric in the first quarter worth $34,000. OLD Mission Capital LLC acquired a new stake in shares of Emerson Electric in the fourth quarter worth $35,000. Kepos Capital LP acquired a new stake in shares of Emerson Electric in the fourth quarter worth $37,000. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of Emerson Electric in the fourth quarter worth $44,000. Institutional investors and hedge funds own 72.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays assumed coverage on shares of Emerson Electric in a research report on Monday, August 28th. They issued an “equal weight” rating and a $105.00 price objective for the company. Argus raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a report on Monday, August 28th. StockNews.com started coverage on shares of Emerson Electric in a report on Thursday, August 17th. They set a “buy” rating for the company. JPMorgan Chase & Co. raised shares of Emerson Electric from a “neutral” rating to an “overweight” rating and raised their price target for the company from $83.00 to $107.00 in a report on Tuesday, August 22nd. Finally, Mizuho raised their price target on shares of Emerson Electric from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, August 3rd. Three 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 currently has an average rating of “Moderate Buy” and a consensus price target of $105.67.

Emerson Electric Stock Performance

Shares of Emerson Electric stock traded up $0.69 during trading hours on Friday, reaching $99.29. The company’s stock had a trading volume of 979,087 shares, compared to its average volume of 3,159,795. The company’s 50 day simple moving average is $94.95 and its 200 day simple moving average is $87.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.07 and a current ratio of 2.38. Emerson Electric Co. has a one year low of $72.40 and a one year high of $100.62. The stock has a market cap of $56.98 billion, a P/E ratio of 4.31, a price-to-earnings-growth ratio of 2.29 and a beta of 1.39.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.20. Emerson Electric had a net margin of 80.41% and a return on equity of 14.27%. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.89 billion. As a group, analysts expect that Emerson Electric Co. will post 4.44 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 11th were given a $0.52 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.09%. Emerson Electric’s payout ratio is currently 9.09%.

Insider Transactions at Emerson Electric

In related news, CMO Vidya Ramnath sold 2,500 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $97.86, for a total value of $244,650.00. Following the sale, the chief marketing officer now owns 11,870 shares of the company’s stock, valued at approximately $1,161,598.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CMO Vidya Ramnath sold 2,500 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $97.86, for a total value of $244,650.00. Following the sale, the chief marketing officer now owns 11,870 shares of the company’s stock, valued at approximately $1,161,598.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Lisa Flavin sold 48,718 shares of the stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $89.65, for a total transaction of $4,367,568.70. Following the completion of the sale, the vice president now directly owns 51,748 shares in the company, valued at approximately $4,639,208.20. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, AspenTech, and Commercial & Residential Solutions segments.