Private Advisor Group LLC Acquires 6,246 Shares of Emerson Electric Company (NYSE:EMR)

Private Advisor Group LLC grew its holdings in Emerson Electric Company (NYSE:EMR) by 10.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,574 shares of the industrial products company’s stock after buying an additional 6,246 shares during the period. Private Advisor Group LLC’s holdings in Emerson Electric were worth $4,176,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of EMR. Tower Research Capital LLC TRC acquired a new stake in Emerson Electric during the second quarter worth about $109,000. Intellectus Partners LLC boosted its stake in Emerson Electric by 0.3% during the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after buying an additional 7 shares during the period. Mountain Capital Investment Advisors Inc purchased a new position in Emerson Electric during the second quarter worth about $129,000. AT Bancorp purchased a new position in Emerson Electric during the second quarter worth about $139,000. Finally, Cable Hill Partners LLC purchased a new position in Emerson Electric during the third quarter worth about $151,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

EMR has been the subject of several research analyst reports. Citigroup reaffirmed a “sell” rating and set a $61.00 target price (up previously from $58.00) on shares of Emerson Electric in a research note on Monday, October 9th. Stifel Nicolaus reissued 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 raised their price objective for the company from $64.44 to $79.00 in a research note on Tuesday, October 17th. Cowen raised shares of Emerson Electric from a “market perform” rating to an “outperform” rating in a report on Tuesday, October 17th. Finally, Zacks Investment Research cut shares of Emerson Electric from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $67.09.

In other Emerson Electric news, VP Bell Katherine Button sold 7,909 shares of the business’s stock in a transaction 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 sale, the vice president now directly owns 44,628 shares in the company, valued at approximately $2,891,001.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Frank J. Dellaquila sold 2,100 shares of the business’s stock in a transaction 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 sale, the vice president now owns 178,743 shares in the company, valued at $11,577,184.11. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,017 shares of company stock worth $1,771,129. 0.84% of the stock is currently owned by insiders.

Shares of Emerson Electric Company (NYSE:EMR) traded down $0.24 during trading on Wednesday, hitting $72.23. 5,457,064 shares of the stock were exchanged, 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 price-to-earnings-growth ratio of 2.65 and a beta of 1.24. Emerson Electric Company has a fifty-two week low of $56.77 and a fifty-two week high of $74.45. 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 announced its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, meeting analysts’ consensus estimates of $0.83. The business had revenue of $4.44 billion for 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%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 EPS. equities analysts expect that Emerson Electric Company will post 2.96 EPS for the current year.

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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.

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

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