Tompkins Financial Corp Has $2.69 Million Stake in Emerson Electric Co. (NYSE:EMR)

Tompkins Financial Corp lifted its stake in Emerson Electric Co. (NYSE:EMR) by 30.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,687 shares of the industrial products company’s stock after buying an additional 5,000 shares during the period. Tompkins Financial Corp’s holdings in Emerson Electric were worth $2,688,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EMR. Creative Financial Designs Inc. ADV lifted its position in shares of 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 acquiring an additional 97 shares during the period. Unison Advisors LLC lifted its position 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 worth $2,309,000 after purchasing an additional 99 shares during the period. Wedmont Private Capital boosted its stake in Emerson Electric by 2.0% during the third quarter. Wedmont Private Capital now owns 4,950 shares of the industrial products company’s stock worth $557,000 after buying an additional 99 shares in the last quarter. Chesapeake Wealth Management increased 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 valued at $213,000 after buying an additional 100 shares during the period. Finally, Gabelli Funds LLC lifted its holdings 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 worth $593,000 after acquiring an additional 100 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Up 2.1 %

Shares of EMR opened at $123.32 on Friday. The firm has a market capitalization of $70.23 billion, a price-to-earnings ratio of 36.06, a PEG ratio of 1.98 and a beta of 1.35. Emerson Electric Co. has a 52 week low of $91.64 and a 52 week high of $134.85. 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 business’s fifty day moving average price is $127.18 and its two-hundred day moving average price is $115.05.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.71%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. The trade was a 7.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

EMR has been the subject of several recent research reports. KeyCorp increased their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Jefferies Financial Group began coverage on Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target on the stock. UBS Group assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. Finally, Barclays upped their target price 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $135.89.

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.