RWC Asset Management LLP Lowers Position in Emerson Electric Company (EMR)

RWC Asset Management LLP cut its stake in shares of Emerson Electric Company (NYSE:EMR) by 4.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 313,600 shares of the industrial products company’s stock after selling 14,066 shares during the quarter. RWC Asset Management LLP’s holdings in Emerson Electric were worth $19,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Intellectus Partners LLC raised its position in shares of Emerson Electric by 0.3% in the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 7 shares in the last quarter. RB Capital Management LLC increased its position in Emerson Electric by 0.6% during the 2nd quarter. RB Capital Management LLC now owns 4,475 shares of the industrial products company’s stock valued at $267,000 after buying an additional 26 shares in the last quarter. Parallel Advisors LLC increased its position in Emerson Electric by 0.5% during the 2nd quarter. Parallel Advisors LLC now owns 4,892 shares of the industrial products company’s stock valued at $292,000 after buying an additional 26 shares in the last quarter. Busey Trust CO increased its position in Emerson Electric by 0.5% during the 2nd quarter. Busey Trust CO now owns 6,834 shares of the industrial products company’s stock valued at $407,000 after buying an additional 31 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. increased its position in Emerson Electric by 0.6% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 6,978 shares of the industrial products company’s stock valued at $416,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 69.23% of the company’s stock.

In other Emerson Electric news, COO Edgar M. Purvis, Jr. sold 9,490 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $65.74, for a total transaction of $623,872.60. Following the sale, the chief operating officer now directly owns 168,984 shares of the company’s stock, valued at $11,109,008.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Frank J. Dellaquila sold 2,100 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total value of $136,017.00. Following the sale, the vice president now directly owns 178,743 shares in the company, valued at $11,577,184.11. The disclosure for this sale can be found here. Insiders have sold 27,017 shares of company stock worth $1,771,129 over the last three months. 0.84% of the stock is currently owned by insiders.

EMR has been the subject of a number of analyst reports. Vertical Research upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, January 2nd. Edward Jones downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Cowen upgraded Emerson Electric to a “buy” rating and set a $71.00 target price on the stock in a research note on Monday, October 23rd. Royal Bank of Canada reiterated a “neutral” rating on shares of Emerson Electric in a research note on Thursday, November 9th. Finally, Citigroup restated a “sell” rating and issued a $61.00 price target (up from $58.00) on shares of Emerson Electric in a research note on Monday, October 9th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $66.15.

Emerson Electric Company (EMR) traded down $2.13 during midday trading on Monday, reaching $68.44. The company had a trading volume of 4,316,318 shares, compared to its average volume of 2,980,000. The stock has a market capitalization of $43,930.00, a P/E ratio of 26.73, a PEG ratio of 2.56 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 12 month low of $56.77 and a 12 month high of $74.45.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.83. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The business had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.43 billion. During the same period last year, the firm earned $0.74 earnings per share. The business’s quarterly revenue was up 12.8% on a year-over-year basis. sell-side analysts anticipate that Emerson Electric Company will post 2.96 earnings per share 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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