Rockland Trust Co. increased its holdings in shares of Emerson Electric Company (NYSE:EMR) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,688 shares of the industrial products company’s stock after purchasing an additional 1,584 shares during the quarter. Rockland Trust Co.’s holdings in Emerson Electric were worth $5,344,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Emerson Electric by 1.1% during the second quarter. Vanguard Group Inc. now owns 44,195,877 shares of the industrial products company’s stock worth $2,634,958,000 after purchasing an additional 497,625 shares during the last quarter. BlackRock Inc. boosted its holdings in Emerson Electric by 1.9% during the second quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock worth $2,441,728,000 after purchasing an additional 778,791 shares during the last quarter. Longview Partners Guernsey LTD boosted its holdings in Emerson Electric by 9.0% during the third quarter. Longview Partners Guernsey LTD now owns 13,758,325 shares of the industrial products company’s stock worth $864,573,000 after purchasing an additional 1,134,275 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Emerson Electric by 4.7% during the third quarter. Bank of New York Mellon Corp now owns 13,355,963 shares of the industrial products company’s stock worth $839,288,000 after purchasing an additional 597,993 shares during the last quarter. Finally, Capital World Investors boosted its holdings in Emerson Electric by 4.6% during the second quarter. Capital World Investors now owns 11,450,000 shares of the industrial products company’s stock worth $682,649,000 after purchasing an additional 500,000 shares during the last quarter. Institutional investors and hedge funds own 69.18% of the company’s stock.
In related news, VP Frank J. Dellaquila sold 2,100 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Bell Katherine Button sold 7,518 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $66.36, for a total transaction of $498,894.48. Following the transaction, the vice president now directly owns 36,877 shares in the company, valued at $2,447,157.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,017 shares of company stock valued at $1,771,129. 0.79% of the stock is currently owned by corporate insiders.
EMR has been the subject of a number of recent analyst reports. Vertical Research upgraded 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 note on Friday, November 17th. Cowen upgraded shares of Emerson Electric to a “buy” rating and set a $71.00 price target for the company in a research note on Monday, October 23rd. Royal Bank of Canada reiterated a “neutral” rating on shares of Emerson Electric in a research note on Thursday, November 9th. Finally, Citigroup reiterated a “sell” rating and issued a $61.00 price target (up previously from $58.00) on shares of Emerson Electric in a research note on Monday, October 9th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $66.43.
Shares of Emerson Electric Company (NYSE EMR) opened at $73.45 on Friday. 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 cap of $47,140.00, a PE ratio of 28.69, a PEG ratio of 2.69 and a beta of 1.24. Emerson Electric Company has a 12 month low of $56.26 and a 12 month high of $74.45.
Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.83. The company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. Emerson Electric’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.74 EPS. research analysts forecast that Emerson Electric Company will post 2.92 earnings per share for the current year.
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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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