RWC Asset Management LLP lowered its stake in shares of Emerson Electric Company (NYSE:EMR) by 4.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 313,600 shares of the industrial products company’s stock after selling 14,066 shares during the quarter. RWC Asset Management LLP’s holdings in Emerson Electric were worth $19,707,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new stake in shares of Emerson Electric during the 2nd quarter worth about $109,000. Intellectus Partners LLC grew its holdings in shares of Emerson Electric by 0.3% during the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 7 shares during the period. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Emerson Electric during the 2nd quarter worth about $129,000. AT Bancorp purchased a new stake in shares of Emerson Electric during the 2nd quarter worth about $139,000. Finally, Perkins Coie Trust Co purchased a new stake in shares of Emerson Electric during the 2nd quarter worth about $150,000. Institutional investors and hedge funds own 69.18% of the company’s stock.
In other Emerson Electric news, VP Frank J. Dellaquila sold 2,100 shares of the company’s stock in a transaction that occurred 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 approximately $11,577,184.11. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer now directly 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 ninety days, insiders sold 27,017 shares of company stock worth $1,771,129. 0.79% of the stock is currently owned by corporate insiders.
A number of brokerages have recently issued reports on EMR. Stifel Nicolaus reiterated a “buy” rating on shares of Emerson Electric in a report on Thursday, October 12th. Edward Jones cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Cowen upgraded Emerson Electric to a “buy” rating and set a $71.00 target price for the company in a report on Monday, October 23rd. Zacks Investment Research upgraded Emerson Electric from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Citigroup set a $61.00 price target on Emerson Electric and gave the stock a “sell” rating in a report on Tuesday, November 28th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $65.86.
Emerson Electric Company (EMR) opened at $73.91 on Friday. The firm has a market capitalization of $47,201.52, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 2.72 and a beta of 1.24. Emerson Electric Company has a fifty-two week low of $56.00 and a fifty-two week high of $74.45. 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 (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, hitting the Zacks’ consensus estimate of $0.83. The firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business earned $0.74 EPS. equities analysts forecast that Emerson Electric Company will post 2.92 earnings per share for the current year.
COPYRIGHT VIOLATION NOTICE: “Emerson Electric Company (EMR) Shares Sold by RWC Asset Management LLP” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2018/01/14/emerson-electric-company-emr-shares-sold-by-rwc-asset-management-llp.html.
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.
Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.