Beacon Investment Advisory Services Inc. acquired a new stake in shares of Emerson Electric Company (NYSE:EMR) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,920 shares of the industrial products company’s stock, valued at approximately $309,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EMR. Tower Research Capital LLC TRC bought a new position in shares of Emerson Electric in the second quarter valued at approximately $109,000. Intellectus Partners LLC raised its stake in shares of 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 during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of Emerson Electric in the second quarter valued at approximately $129,000. AT Bancorp bought a new position in shares of Emerson Electric in the second quarter valued at approximately $139,000. Finally, Perkins Coie Trust Co bought a new position in Emerson Electric in the 2nd quarter worth approximately $150,000. 69.29% of the stock is currently owned by institutional investors.
In other news, VP Frank J. Dellaquila sold 2,100 shares of the business’s stock in a transaction on 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 transaction, the vice president now 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 Securities & Exchange Commission, which is available through this link. Also, 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 completion of the transaction, the vice president now directly owns 44,628 shares of the company’s stock, valued at approximately $2,891,001.84. The disclosure for this sale can be found here. Insiders have sold a total of 27,017 shares of company stock valued at $1,771,129 in the last quarter. Corporate insiders own 0.79% of the company’s stock.
Several research analysts recently weighed in on EMR shares. Bank of America upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $64.44 to $79.00 in a research report on Tuesday, October 17th. Stifel Nicolaus restated a “buy” rating on shares of Emerson Electric in a research report on Thursday, October 12th. Cowen upgraded shares of Emerson Electric to a “buy” rating and set a $71.00 price objective for the company in a research report on Monday, October 23rd. Vertical Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Tuesday, January 2nd. Finally, UBS Group started coverage on shares of Emerson Electric in a research report on Monday, January 22nd. They issued a “buy” rating and a $73.26 price objective for the company. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $66.15.
Shares of Emerson Electric Company (NYSE:EMR) traded down $2.01 during trading on Friday, hitting $70.57. 4,813,571 shares of the company’s stock traded hands, compared to its average volume of 2,980,000. The company has a market cap of $45,290.00, a PE ratio of 27.57, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19. Emerson Electric Company has a 52 week low of $56.77 and a 52 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 issued its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, meeting the consensus estimate of $0.83. The company had revenue of $4.44 billion during 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 business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS. research analysts forecast that Emerson Electric Company will post 2.96 earnings per share 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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