Asset Management One Co. Ltd. lifted its position in Emerson Electric Company (NYSE:EMR) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,010,991 shares of the industrial products company’s stock after acquiring an additional 6,504 shares during the period. Asset Management One Co. Ltd. owned approximately 0.16% of Emerson Electric worth $63,531,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Tower Research Capital LLC TRC bought a new position in shares of Emerson Electric during the 2nd quarter worth approximately $109,000. Intellectus Partners LLC grew its stake 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 acquiring an additional 7 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of Emerson Electric during the 2nd quarter worth approximately $129,000. AT Bancorp bought a new position in shares of Emerson Electric in the second quarter valued at $139,000. Finally, Cable Hill Partners LLC bought a new position in shares of Emerson Electric in the third quarter valued at $151,000. Institutional investors and hedge funds own 69.18% of the company’s stock.
Shares of Emerson Electric Company (EMR) opened at $73.07 on Thursday. Emerson Electric Company has a twelve month low of $56.26 and a twelve month high of $74.45. The company has a market capitalization of $46,511.82, a P/E ratio of 31.09, a P/E/G ratio of 2.68 and a beta of 1.24. The company has a quick ratio of 1.30, a current ratio of 1.64 and a debt-to-equity ratio of 0.43.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analyst estimates of $4.43 billion. During the same period in the previous year, the firm earned $0.74 earnings per share. The company’s revenue was up 12.8% compared to the same quarter last year. equities analysts predict that Emerson Electric Company will post 2.92 EPS for the current fiscal year.
A number of equities analysts have commented on the stock. Vertical Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Tuesday, January 2nd. Cowen reissued a “buy” rating and set a $72.00 target price on shares of Emerson Electric in a report on Wednesday, December 20th. Zacks Investment Research raised Emerson Electric from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Stifel Nicolaus reissued a “buy” rating and set a $75.00 target price on shares of Emerson Electric in a report on Monday, December 11th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and issued a $66.00 price target on shares of Emerson Electric in a research note on Friday, December 8th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $65.86.
In other 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 transaction 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 can be accessed through this hyperlink. Also, VP Frank J. Dellaquila sold 2,100 shares of the 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 owns 178,743 shares of the company’s stock, valued at approximately $11,577,184.11. The disclosure for this sale can be found here. Insiders have sold 27,017 shares of company stock worth $1,771,129 over the last ninety days. 0.79% of the stock is owned by insiders.
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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.
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