Livforsakringsbolaget Skandia Omsesidigt decreased its holdings in Emerson Electric Company (NYSE:EMR) by 20.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,719 shares of the industrial products company’s stock after selling 2,500 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Emerson Electric were worth $677,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in EMR. CHICAGO TRUST Co NA lifted its position in Emerson Electric by 34.7% in the 2nd quarter. CHICAGO TRUST Co NA now owns 49,537 shares of the industrial products company’s stock valued at $2,954,000 after acquiring an additional 12,749 shares in the last quarter. NEXT Financial Group Inc lifted its position in Emerson Electric by 30.9% in the 2nd quarter. NEXT Financial Group Inc now owns 4,081 shares of the industrial products company’s stock valued at $243,000 after acquiring an additional 964 shares in the last quarter. Creative Planning lifted its position in Emerson Electric by 11.9% in the 2nd quarter. Creative Planning now owns 153,606 shares of the industrial products company’s stock valued at $9,158,000 after acquiring an additional 16,309 shares in the last quarter. Trust Co. of Toledo NA OH lifted its position in Emerson Electric by 95.3% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 7,939 shares of the industrial products company’s stock valued at $473,000 after acquiring an additional 3,873 shares in the last quarter. Finally, Hollencrest Securities LLC lifted its position in Emerson Electric by 1.3% in the 2nd quarter. Hollencrest Securities LLC now owns 10,094 shares of the industrial products company’s stock valued at $602,000 after acquiring an additional 130 shares in the last quarter. 69.20% of the stock is currently owned by institutional investors and hedge funds.
Shares of Emerson Electric Company (EMR) opened at $73.14 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30. The company has a market cap of $46,709.79, a PE ratio of 31.12, a price-to-earnings-growth ratio of 2.66 and a beta of 1.24. Emerson Electric Company has a one year low of $56.77 and a one year high of $74.45.
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, hitting the Thomson Reuters’ consensus estimate of $0.83. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.43 billion. During the same quarter last year, the business posted $0.74 EPS. Emerson Electric’s quarterly revenue was up 12.8% compared to the same quarter last year. equities research analysts forecast that Emerson Electric Company will post 2.96 earnings per share for the current year.
In other news, VP Bell Katherine Button sold 7,909 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $64.78, for a total transaction of $512,345.02. Following the completion of the sale, the vice president now owns 44,628 shares in the company, valued at approximately $2,891,001.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 168,984 shares of the company’s stock, valued at approximately $11,109,008.16. 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. 0.84% of the stock is currently owned by company insiders.
Several equities analysts recently weighed in on the stock. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $73.00 price target (up previously from $65.00) on shares of Emerson Electric in a research report on Thursday. Vertical Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, January 2nd. Cowen reiterated a “buy” rating and issued a $72.00 price objective on shares of Emerson Electric in a research note on Wednesday, December 20th. Zacks Investment Research upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $75.00 price objective on shares of Emerson Electric in a research note on Monday, December 11th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. Emerson Electric has an average rating of “Hold” and a consensus target price of $66.43.
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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.
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