Temasek Holdings Private Ltd grew its holdings in shares of Emerson Electric Company (NYSE:EMR) by 444.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,000 shares of the industrial products company’s stock after purchasing an additional 22,854 shares during the period. Temasek Holdings Private Ltd’s holdings in Emerson Electric were worth $1,760,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of EMR. Tower Research Capital LLC TRC bought a new position in Emerson Electric during the second quarter valued at about $109,000. Intellectus Partners LLC boosted its stake in Emerson Electric by 0.3% during the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after buying an additional 7 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new position in Emerson Electric during the second quarter valued at about $129,000. AT Bancorp bought a new position in Emerson Electric during the second quarter valued at about $139,000. Finally, Perkins Coie Trust Co bought a new position in Emerson Electric during the second quarter valued at about $150,000. 69.18% of the stock is currently owned by institutional investors.
Several research analysts recently weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating on shares of Emerson Electric in a research note on Thursday, October 12th. Edward Jones cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Cowen raised Emerson Electric to a “buy” rating and set a $71.00 target price for the company in a research note on Monday, October 23rd. Zacks Investment Research raised Emerson Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Citigroup set a $61.00 target price on Emerson Electric and gave the company a “sell” rating in a research note on Tuesday, November 28th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $65.86.
Emerson Electric Company (NYSE:EMR) opened at $72.59 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30. Emerson Electric Company has a 1 year low of $56.00 and a 1 year high of $72.70. The firm has a market capitalization 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 released its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.83. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.43 billion. During the same quarter last year, the company posted $0.74 EPS. Emerson Electric’s revenue for the quarter was up 12.8% on a year-over-year basis. research analysts expect that Emerson Electric Company will post 2.92 earnings per share for the current fiscal year.
In related news, COO Edgar M. Purvis, Jr. sold 9,490 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $65.74, for a total value of $623,872.60. Following the completion of the transaction, the chief operating officer now owns 168,984 shares in the company, valued at approximately $11,109,008.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Bell Katherine Button sold 7,518 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $66.36, for a total value of $498,894.48. Following the completion of the transaction, the vice president now owns 36,877 shares of the company’s stock, valued at approximately $2,447,157.72. 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 in the last quarter. 0.84% of the stock is currently owned by corporate insiders.
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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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