Emerson Electric Company (EMR) Holdings Cut by Barings LLC

Barings LLC lowered its holdings in shares of Emerson Electric Company (NYSE:EMR) by 38.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,422 shares of the industrial products company’s stock after selling 11,700 shares during the period. Barings LLC’s holdings in Emerson Electric were worth $1,158,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of EMR. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Emerson Electric by 12.8% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,052 shares of the industrial products company’s stock valued at $662,000 after purchasing an additional 1,250 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Emerson Electric by 20.2% during the 1st quarter. Mackenzie Financial Corp now owns 4,386 shares of the industrial products company’s stock valued at $263,000 after acquiring an additional 738 shares in the last quarter. Vanguard Group Inc. increased its holdings in Emerson Electric by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock valued at $2,615,777,000 after acquiring an additional 2,404,844 shares in the last quarter. Mcdaniel Terry & Co. increased its holdings in Emerson Electric by 1.1% during the 1st quarter. Mcdaniel Terry & Co. now owns 281,350 shares of the industrial products company’s stock valued at $16,842,000 after acquiring an additional 3,152 shares in the last quarter. Finally, New England Asset Management Inc. increased its holdings in Emerson Electric by 18.1% during the 1st quarter. New England Asset Management Inc. now owns 50,900 shares of the industrial products company’s stock valued at $3,047,000 after acquiring an additional 7,800 shares in the last quarter. Hedge funds and other institutional investors own 69.18% of the company’s stock.

Emerson Electric Company (NYSE EMR) traded up $0.03 during mid-day trading on Friday, reaching $73.91. 3,500,835 shares of the company’s stock traded hands, compared to its average volume of 3,080,000. 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 Company has a 12-month low of $56.00 and a 12-month high of $74.45. The company has a market capitalization of $47,440.00, a price-to-earnings ratio of 28.87, a price-to-earnings-growth ratio of 2.72 and a beta of 1.24.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, meeting the consensus estimate of $0.83. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.43 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. equities research analysts predict that Emerson Electric Company will post 2.92 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on the stock. Vertical Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, January 2nd. Edward Jones cut 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 target price 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 reaffirmed a “sell” rating and set a $61.00 price target (up from $58.00) on shares of Emerson Electric in a research report on Monday, October 9th. Three investment 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. The stock currently has a consensus rating of “Hold” and a consensus target price of $65.86.

In related news, VP Bell Katherine Button sold 7,909 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $64.78, for a total value of $512,345.02. Following the completion of the sale, the vice president now owns 44,628 shares of the company’s stock, valued at $2,891,001.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of the business’s stock in a transaction dated 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 sale, the chief operating officer now owns 168,984 shares in the company, valued at $11,109,008.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,017 shares of company stock valued at $1,771,129. Corporate insiders own 0.79% of the company’s stock.

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About Emerson Electric

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.

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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