Emerson Electric Company (NYSE:EMR) Shares Sold by First Allied Advisory Services Inc.

First Allied Advisory Services Inc. reduced its position in shares of Emerson Electric Company (NYSE:EMR) by 4.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,724 shares of the industrial products company’s stock after selling 4,836 shares during the period. First Allied Advisory Services Inc.’s holdings in Emerson Electric were worth $6,150,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Intellectus Partners LLC raised its holdings in Emerson Electric by 0.3% in the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 7 shares in the last quarter. RB Capital Management LLC raised its holdings in Emerson Electric by 0.6% in the second quarter. RB Capital Management LLC now owns 4,475 shares of the industrial products company’s stock valued at $267,000 after acquiring an additional 26 shares in the last quarter. Parallel Advisors LLC raised its holdings in Emerson Electric by 0.5% in the second quarter. Parallel Advisors LLC now owns 4,892 shares of the industrial products company’s stock valued at $292,000 after acquiring an additional 26 shares in the last quarter. Busey Trust CO raised its holdings in Emerson Electric by 0.5% in the second quarter. Busey Trust CO now owns 6,834 shares of the industrial products company’s stock valued at $407,000 after acquiring an additional 31 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. raised its holdings in Emerson Electric by 0.6% in the second quarter. Stock Yards Bank & Trust Co. now owns 6,978 shares of the industrial products company’s stock valued at $416,000 after acquiring an additional 41 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently issued reports on EMR. UBS Group began coverage on shares of Emerson Electric in a report on Monday, January 22nd. They issued a “buy” rating and a $73.26 price target on the stock. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $73.00 price target (up from $65.00) on shares of Emerson Electric in a report on Thursday, January 18th. JMP Securities lowered shares of Emerson Electric from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $74.45 to $56.77 in a research note 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. Finally, Cowen reiterated a “buy” rating and set a $72.00 target price on shares of Emerson Electric in a research note on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $66.15.

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 completion of 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Bell Katherine Button sold 7,518 shares of the company’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 completion of the sale, the vice president now directly owns 36,877 shares of the company’s stock, valued at approximately $2,447,157.72. The disclosure for this sale can be found here. Insiders have sold 27,017 shares of company stock valued at $1,771,129 in the last 90 days. Insiders own 0.79% of the company’s stock.

Emerson Electric Company (NYSE EMR) traded down $2.01 during trading on Friday, hitting $70.57. 4,813,571 shares of the stock traded hands, compared to its average volume of 2,940,000. The company has a market capitalization of $45,290.00, a price-to-earnings ratio of 27.57, a P/E/G ratio of 2.64 and a beta of 1.19. 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 Company has a fifty-two week low of $56.77 and a fifty-two week high of $74.45.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. The business had revenue of $4.44 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the firm earned $0.74 earnings per share. research analysts expect that Emerson Electric Company will post 2.96 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.

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

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