Asset Management One Co. Ltd. boosted its stake in Emerson Electric Company (NYSE:EMR) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,010,991 shares of the industrial products company’s stock after purchasing an additional 6,504 shares during the quarter. Asset Management One Co. Ltd. owned about 0.16% of Emerson Electric worth $63,531,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of EMR. Crossmark Global Holdings Inc. bought a new stake in Emerson Electric in the third quarter worth about $12,652,000. APG Asset Management N.V. raised its position in Emerson Electric by 10.8% in the third quarter. APG Asset Management N.V. now owns 3,921,119 shares of the industrial products company’s stock worth $246,403,000 after acquiring an additional 383,300 shares during the period. Fagan Associates Inc. raised its position in Emerson Electric by 19.3% in the second quarter. Fagan Associates Inc. now owns 5,975 shares of the industrial products company’s stock worth $356,000 after acquiring an additional 968 shares during the period. Pinnacle Wealth Management Advisory Group LLC raised its position in Emerson Electric by 6.6% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,075 shares of the industrial products company’s stock worth $601,000 after acquiring an additional 620 shares during the period. Finally, Andra AP fonden raised its position in Emerson Electric by 5.2% in the second quarter. Andra AP fonden now owns 95,300 shares of the industrial products company’s stock worth $5,682,000 after acquiring an additional 4,700 shares during the period. Institutional investors and hedge funds own 69.18% of the company’s stock.
Shares of Emerson Electric Company (NYSE:EMR) opened at $72.59 on Thursday. Emerson Electric Company has a 1-year low of $56.00 and a 1-year high of $72.70. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43. The company has a market cap of $46,590.00, a price-to-earnings ratio of 28.36, a P/E/G ratio of 3.25 and a beta of 1.24.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.83. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.43 billion. During the same period in the prior year, the business posted $0.74 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. equities analysts anticipate that Emerson Electric Company will post 2.92 earnings per share for the current fiscal year.
Several analysts have commented on EMR shares. Vertical Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Tuesday, January 2nd. Edward Jones lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Cowen raised shares of Emerson Electric to a “buy” rating and set a $71.00 price target on the stock in a research report on Monday, October 23rd. Royal Bank of Canada reissued a “neutral” rating on shares of Emerson Electric in a research report on Thursday, November 9th. Finally, Citigroup reissued a “sell” rating and issued a $61.00 price target (up previously from $58.00) on shares of Emerson Electric in a research report on Monday, October 9th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. Emerson Electric presently has an average rating of “Hold” and a consensus price target of $65.86.
In other Emerson Electric news, VP Frank J. Dellaquila sold 2,100 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the completion of the transaction, the vice president now directly owns 178,743 shares in the company, valued at approximately $11,577,184.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $65.74, for a total transaction of $623,872.60. Following the completion of the transaction, the chief operating officer now owns 168,984 shares of the company’s stock, valued at $11,109,008.16. The disclosure for this sale can be found here. Insiders sold a total of 27,017 shares of company stock valued at $1,771,129 over the last 90 days. Company insiders own 0.84% of the company’s stock.
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Emerson Electric Company Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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