Canandaigua National Bank & Trust Co. Increases Stock Position in Emerson Electric Co. (NYSE:EMR)

Canandaigua National Bank & Trust Co. raised its position in Emerson Electric Co. (NYSE:EMR) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,520 shares of the industrial products company’s stock after acquiring an additional 200 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Emerson Electric were worth $1,428,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV lifted its holdings in Emerson Electric by 0.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 18,428 shares of the industrial products company’s stock worth $2,016,000 after buying an additional 97 shares during the period. Unison Advisors LLC boosted its holdings in Emerson Electric by 0.5% in the third quarter. Unison Advisors LLC now owns 21,115 shares of the industrial products company’s stock valued at $2,309,000 after acquiring an additional 99 shares in the last quarter. Wedmont Private Capital increased its position in Emerson Electric by 2.0% during the 3rd quarter. Wedmont Private Capital now owns 4,950 shares of the industrial products company’s stock valued at $557,000 after purchasing an additional 99 shares during the period. Chesapeake Wealth Management raised its holdings in Emerson Electric by 5.5% in the 2nd quarter. Chesapeake Wealth Management now owns 1,930 shares of the industrial products company’s stock worth $213,000 after purchasing an additional 100 shares in the last quarter. Finally, Gabelli Funds LLC boosted its stake in shares of Emerson Electric by 1.9% during the 2nd quarter. Gabelli Funds LLC now owns 5,380 shares of the industrial products company’s stock valued at $593,000 after purchasing an additional 100 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $121.95 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The firm has a market cap of $69.45 billion, a price-to-earnings ratio of 35.66, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. The business has a 50-day simple moving average of $126.20 and a two-hundred day simple moving average of $114.54. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a dividend of $0.5275 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.73%. Emerson Electric’s dividend payout ratio is 61.70%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EMR. Barclays raised their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lifted their price target on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Wells Fargo & Company raised their price objective on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. BNP Paribas initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price on the stock. Finally, StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $134.58.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.50% of the stock is currently owned by insiders.

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.