United Asset Strategies Inc. raised its position in Emerson Electric Company (NYSE:EMR) by 53.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,559 shares of the industrial products company’s stock after buying an additional 5,100 shares during the quarter. United Asset Strategies Inc.’s holdings in Emerson Electric were worth $915,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new position in shares of Emerson Electric in the second quarter valued at approximately $109,000. Intellectus Partners LLC increased its holdings in shares of 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 acquired a new position in shares of Emerson Electric in the second quarter valued at approximately $129,000. AT Bancorp acquired a new position in shares of Emerson Electric in the second quarter valued at approximately $139,000. Finally, Harbour Capital Advisors LLC acquired a new position in shares of Emerson Electric in the first quarter valued at approximately $147,000. Institutional investors own 69.18% of the company’s stock.
Emerson Electric Company (NYSE:EMR) traded up $0.03 on Friday, reaching $73.91. The company’s stock had a trading volume of 3,500,400 shares, compared to its average volume of 3,080,000. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.30 and a current ratio of 1.64. The stock has a market capitalization of $47,440.00, a P/E ratio of 28.87, a price-to-earnings-growth ratio of 2.72 and a beta of 1.24. Emerson Electric Company has a one year low of $56.00 and a one year high of $74.45.
Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.83. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.43 billion. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. Emerson Electric’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.74 earnings per share. equities analysts anticipate that Emerson Electric Company will post 2.92 EPS for the current fiscal year.
In other Emerson Electric 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 sale, the vice president now directly owns 36,877 shares in the company, valued at $2,447,157.72. The transaction was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $65.74, for a total value 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. Over the last quarter, insiders have sold 27,017 shares of company stock worth $1,771,129. 0.79% of the stock is owned by company insiders.
A number of research firms have recently issued reports on EMR. Zacks Investment Research raised Emerson Electric from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Morgan Stanley reissued an “equal weight” rating and issued a $67.00 target price (up previously from $64.00) on shares of Emerson Electric in a report on Monday, October 2nd. Citigroup set a $61.00 target price on Emerson Electric and gave the company a “sell” rating in a report on Tuesday, November 28th. Stifel Nicolaus reaffirmed a “buy” rating and set a $75.00 price objective on shares of Emerson Electric in a report on Monday, December 11th. Finally, Cowen reaffirmed a “buy” rating and set a $72.00 price objective on shares of Emerson Electric in a report on Wednesday, December 20th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. Emerson Electric has a consensus rating of “Hold” and an average target price of $65.86.
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Emerson Electric 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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