Commerzbank Aktiengesellschaft FI increased its stake in shares of Emerson Electric Company (NYSE:EMR) by 32.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,850 shares of the industrial products company’s stock after buying an additional 12,605 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Emerson Electric were worth $3,258,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the stock. Harbour Capital Advisors LLC purchased a new stake in Emerson Electric in the first quarter valued at $147,000. Private Advisory Group LLC raised its position in Emerson Electric by 17.3% in the first quarter. Private Advisory Group LLC now owns 18,064 shares of the industrial products company’s stock valued at $1,082,000 after purchasing an additional 2,659 shares during the period. Covington Capital Management raised its position in Emerson Electric by 5.4% in the first quarter. Covington Capital Management now owns 79,534 shares of the industrial products company’s stock valued at $4,761,000 after purchasing an additional 4,090 shares during the period. Archford Capital Strategies LLC raised its position in Emerson Electric by 296.5% in the first quarter. Archford Capital Strategies LLC now owns 13,726 shares of the industrial products company’s stock valued at $822,000 after purchasing an additional 10,264 shares during the period. Finally, Meridian Wealth Management LLC raised its position in Emerson Electric by 11.5% in the first quarter. Meridian Wealth Management LLC now owns 4,341 shares of the industrial products company’s stock valued at $260,000 after purchasing an additional 447 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.
A number of equities research analysts have commented on EMR shares. Vertical Research upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Tuesday, January 2nd. Edward Jones downgraded 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 price objective on the stock in a report on Monday, October 23rd. Royal Bank of Canada reiterated a “neutral” rating on shares of Emerson Electric in a report on Thursday, November 9th. Finally, Citigroup reiterated a “sell” rating and issued a $61.00 price objective (up previously from $58.00) on shares of Emerson Electric in a report on Monday, October 9th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $67.09.
In other news, VP Frank J. Dellaquila sold 2,100 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total transaction of $136,017.00. Following the completion of 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 document filed with the SEC, which is accessible through this link. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $65.74, for a total value of $623,872.60. Following the transaction, the chief operating officer now directly owns 168,984 shares of the company’s stock, valued at $11,109,008.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,017 shares of company stock valued at $1,771,129. 0.84% of the stock is owned by company insiders.
Emerson Electric Company (EMR) traded down $0.24 during trading hours on Wednesday, hitting $72.23. The stock had a trading volume of 5,458,129 shares, compared to its average volume of 2,940,000. The firm has a market cap of $46,360.00, a PE ratio of 28.21, a P/E/G ratio of 2.65 and a beta of 1.24. Emerson Electric Company has a twelve month low of $56.77 and a twelve month high of $74.45. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43.
Emerson Electric (NYSE:EMR) last released its quarterly earnings data 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. The business 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 23.85% and a net margin of 11.32%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.74 EPS. research analysts forecast that Emerson Electric Company will post 2.96 EPS for the current fiscal 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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