Guardian Investment Management boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,784 shares of the industrial products company’s stock after acquiring an additional 900 shares during the period. Guardian Investment Management’s holdings in Emerson Electric were worth $1,362,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Natixis increased its stake in Emerson Electric by 135.7% during the 1st quarter. Natixis now owns 38,876 shares of the industrial products company’s stock valued at $2,637,000 after purchasing an additional 22,380 shares in the last quarter. Private Capital Group LLC increased its stake in Emerson Electric by 717.3% during the 1st quarter. Private Capital Group LLC now owns 4,005 shares of the industrial products company’s stock valued at $274,000 after purchasing an additional 3,515 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in Emerson Electric during the 1st quarter valued at about $239,000. CIBC World Markets Inc. bought a new stake in Emerson Electric during the 1st quarter valued at about $5,079,000. Finally, Summit Trail Advisors LLC increased its stake in Emerson Electric by 6,865.2% during the 1st quarter. Summit Trail Advisors LLC now owns 220,796 shares of the industrial products company’s stock valued at $221,000 after purchasing an additional 217,626 shares in the last quarter. 70.44% of the stock is owned by institutional investors.
NYSE EMR traded down $0.18 during trading hours on Friday, hitting $72.26. 166,222 shares of the company’s stock traded hands, compared to its average volume of 3,061,400. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $46.51 billion, a price-to-earnings ratio of 27.56, a price-to-earnings-growth ratio of 1.93 and a beta of 1.15. Emerson Electric Co. has a 52 week low of $57.47 and a 52 week high of $79.70.
Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, August 7th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.02. The company had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.47 billion. Emerson Electric had a net margin of 12.33% and a return on equity of 22.83%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 earnings per share. Sell-side analysts predict that Emerson Electric Co. will post 3.22 EPS for the current year.
A number of analysts have recently commented on the stock. Credit Suisse Group assumed coverage on shares of Emerson Electric in a research note on Friday, October 12th. They issued a “neutral” rating and a $78.00 price target for the company. Gordon Haskett assumed coverage on shares of Emerson Electric in a research note on Friday, October 12th. They issued a “buy” rating for the company. Zacks Investment Research lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Bank of America lifted their price target on shares of Emerson Electric from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, October 4th. Finally, Barclays lifted their price target on shares of Emerson Electric from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, September 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $78.67.
In related news, VP Steven J. Pelch sold 6,409 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $74.24, for a total transaction of $475,804.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Edward L. Monser sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $75.84, for a total transaction of $2,275,200.00. Following the sale, the president now owns 176,477 shares of the company’s stock, valued at $13,384,015.68. The disclosure for this sale can be found here. Insiders have sold 96,409 shares of company stock valued at $7,317,004 over the last 90 days. 0.79% of the stock is currently owned by company insiders.
Emerson Electric Company Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.
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