Beacon Investment Advisory Services Inc. acquired a new position in shares of Emerson Electric Company (NYSE:EMR) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,920 shares of the industrial products company’s stock, valued at approximately $309,000.
Other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new stake in Emerson Electric in the second quarter valued at $109,000. Intellectus Partners LLC raised its position in Emerson Electric by 0.3% in the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 7 shares during the period. Mountain Capital Investment Advisors Inc purchased a new stake in Emerson Electric in the second quarter valued at $129,000. AT Bancorp purchased a new stake in Emerson Electric in the second quarter valued at $139,000. Finally, Cable Hill Partners LLC purchased a new stake in Emerson Electric in the third quarter valued at $151,000. Hedge funds and other institutional investors own 69.18% of the company’s stock.
A number of equities research analysts have commented on the company. Stifel Nicolaus restated a “buy” rating on shares of Emerson Electric in a research report on Thursday, October 12th. Edward Jones downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Cowen upgraded Emerson Electric to a “buy” rating and set a $71.00 target price on the stock in a research report on Monday, October 23rd. Zacks Investment Research upgraded Emerson Electric from a “sell” rating to a “hold” rating in a research report 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 report on Tuesday, November 28th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the stock. Emerson Electric currently has an average rating of “Hold” and a consensus target price of $65.86.
In related news, VP Bell Katherine Button sold 7,518 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $66.36, for a total transaction of $498,894.48. Following the completion of the transaction, the vice president now directly owns 36,877 shares of the company’s stock, valued at approximately $2,447,157.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Frank J. Dellaquila sold 2,100 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total value of $136,017.00. Following the transaction, the vice president now directly owns 178,743 shares of the company’s stock, valued at $11,577,184.11. The disclosure for this sale can be found here. Insiders have sold a total of 27,017 shares of company stock valued at $1,771,129 over the last three months. 0.79% of the stock is currently owned by insiders.
Emerson Electric Company (NYSE:EMR) opened at $73.91 on Friday. Emerson Electric Company has a one year low of $56.00 and a one year high of $74.45. The company has a market capitalization of $47,182.38, a price-to-earnings ratio of 28.64, a P/E/G ratio of 2.72 and a beta of 1.24. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43.
Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.43 billion. During the same period in the previous year, the firm posted $0.74 EPS. Emerson Electric’s revenue for the quarter was up 12.8% on a year-over-year basis. analysts anticipate that Emerson Electric Company will post 2.92 earnings per share for the current fiscal year.
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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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