Trade Report: The Community Trust & Investment Co. decides to keep it stake in Emerson Electric Co. (EMR) to the level of $779,000

The Community Trust & Investment Co. decides to keep it stake in Emerson Electric Co. (EMR) to the level of $779,000

Community Trust & Investment Co. decreased its position in Emerson Electric Co. (NYSE:EMR) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,285 shares of the company’s stock after selling 340 shares during the period. Community Trust & Investment Co.’s holdings in Emerson Electric were worth $779,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in EMR. Vanguard Group Inc. raised its position in shares of Emerson Electric by 3.3% in the second quarter. Vanguard Group Inc. now owns 39,936,101 shares of the company’s stock worth $2,083,068,000 after buying an additional 1,270,315 shares during the period. BlackRock Fund Advisors raised its position in shares of Emerson Electric by 3.8% in the second quarter. BlackRock Fund Advisors now owns 11,764,504 shares of the company’s stock worth $613,637,000 after buying an additional 435,266 shares during the period. Capital Research Global Investors raised its position in shares of Emerson Electric by 4.0% in the second quarter. Capital Research Global Investors now owns 10,759,443 shares of the company’s stock worth $561,213,000 after buying an additional 412,593 shares during the period. Capital World Investors raised its position in shares of Emerson Electric by 58.3% in the second quarter. Capital World Investors now owns 9,500,000 shares of the company’s stock worth $495,520,000 after buying an additional 3,500,000 shares during the period. Finally, FMR LLC raised its position in shares of Emerson Electric by 2.6% in the second quarter. FMR LLC now owns 8,896,013 shares of the company’s stock worth $464,016,000 after buying an additional 227,233 shares during the period. Hedge funds and other institutional investors own 70.10% of the company’s stock.

Emerson Electric Co. (NYSE:EMR) traded up 0.33% on Friday, hitting $55.24. 802,124 shares of the stock traded hands. The firm has a market cap of $35.51 billion, a price-to-earnings ratio of 21.92 and a beta of 1.14. The stock has a 50-day moving average of $51.93 and a 200-day moving average of $52.78. Emerson Electric Co. has a 12-month low of $41.25 and a 12-month high of $56.82.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Friday, November 11th will be paid a $0.48 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $1.92 annualized dividend and a dividend yield of 3.48%. Emerson Electric’s payout ratio is presently 76.19%.

A number of equities analysts have weighed in on the stock. Barclays PLC decreased their price target on shares of Emerson Electric from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 3rd. Vetr raised shares of Emerson Electric from a “strong sell” rating to a “sell” rating and set a $47.31 target price on the stock in a research note on Monday, October 10th. JPMorgan Chase & Co. initiated coverage on shares of Emerson Electric in a research note on Monday, August 8th. They issued a “neutral” rating and a $47.00 target price on the stock. HSBC initiated coverage on shares of Emerson Electric in a research note on Friday, October 7th. They issued a “reduce” rating on the stock. Finally, Deutsche Bank AG cut their target price on shares of Emerson Electric from $55.00 to $50.00 and set a “hold” rating on the stock in a research note on Monday, August 8th. Seven equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $51.75.

Emerson Electric Company Profile

Emerson Electric Co is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.

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