Emerson Electric Company (EMR) Holdings Reduced by Barings LLC

Barings LLC decreased its position in Emerson Electric Company (NYSE:EMR) by 38.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 18,422 shares of the industrial products company’s stock after selling 11,700 shares during the period. Barings LLC’s holdings in Emerson Electric were worth $1,158,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Emerson Electric by 3.2% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,413,383 shares of the industrial products company’s stock valued at $88,817,000 after buying an additional 43,568 shares during the period. Commonwealth Bank of Australia boosted its stake in shares of Emerson Electric by 6.4% during the 3rd quarter. Commonwealth Bank of Australia now owns 95,570 shares of the industrial products company’s stock valued at $6,000,000 after buying an additional 5,783 shares during the period. Zeke Capital Advisors LLC lifted its stake in shares of Emerson Electric by 121.9% in the 3rd quarter. Zeke Capital Advisors LLC now owns 11,381 shares of the industrial products company’s stock valued at $715,000 after purchasing an additional 6,251 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Emerson Electric by 1.9% in the 3rd quarter. Amalgamated Bank now owns 74,266 shares of the industrial products company’s stock valued at $4,667,000 after purchasing an additional 1,392 shares during the last quarter. Finally, BKS Advisors LLC lifted its stake in shares of Emerson Electric by 5.3% in the 3rd quarter. BKS Advisors LLC now owns 33,292 shares of the industrial products company’s stock valued at $2,092,000 after purchasing an additional 1,676 shares during the last quarter. 69.20% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on EMR shares. Morgan Stanley reaffirmed an “equal weight” rating and issued a $67.00 price objective (up previously from $64.00) on shares of Emerson Electric in a research note on Monday, October 2nd. Citigroup reaffirmed a “sell” rating and issued a $61.00 price objective (up previously from $58.00) on shares of Emerson Electric in a research note on Monday, October 9th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Emerson Electric in a research note on Thursday, October 12th. Bank of America raised shares of Emerson Electric from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $64.44 to $79.00 in a research note on Tuesday, October 17th. Finally, Cowen upgraded shares of Emerson Electric from a “market perform” rating to an “outperform” rating in a report on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $67.09.

In related news, VP Frank J. Dellaquila sold 2,100 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the sale, the vice president now 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 accessible through this hyperlink. Also, VP Bell Katherine Button sold 7,909 shares of the company’s stock in a transaction dated 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 directly owns 44,628 shares in the company, valued at approximately $2,891,001.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,017 shares of company stock worth $1,771,129. Insiders own 0.79% of the company’s stock.

Emerson Electric Company (NYSE:EMR) traded up $1.37 during trading hours on Friday, hitting $74.05. 3,526,909 shares of the stock traded hands, compared to its average volume of 2,990,000. Emerson Electric Company has a one year low of $56.77 and a one year high of $74.45. 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 company has a market cap of $47,530.00, a P/E ratio of 28.93, a price-to-earnings-growth ratio of 2.64 and a beta of 1.24.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, hitting the 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 for the quarter, compared to the consensus estimate of $4.43 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. The business’s revenue was up 12.8% compared to the same quarter last year. research analysts forecast that Emerson Electric Company will post 2.96 EPS for the current fiscal year.

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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.

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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