WBI Investments Inc. Decreases Stake in Emerson Electric Co. (EMR)

WBI Investments Inc. decreased its position in Emerson Electric Co. (NYSE:EMR) by 17.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 139,616 shares of the industrial products company’s stock after selling 30,156 shares during the quarter. WBI Investments Inc.’s holdings in Emerson Electric were worth $10,692,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of EMR. Robeco Institutional Asset Management B.V. grew its position in Emerson Electric by 3.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 398,923 shares of the industrial products company’s stock worth $30,548,000 after buying an additional 14,456 shares in the last quarter. Pinnacle Financial Partners Inc. grew its position in Emerson Electric by 3.2% during the third quarter. Pinnacle Financial Partners Inc. now owns 130,377 shares of the industrial products company’s stock worth $9,984,000 after buying an additional 4,049 shares in the last quarter. Parsec Financial Management Inc. grew its position in Emerson Electric by 1.3% during the third quarter. Parsec Financial Management Inc. now owns 291,883 shares of the industrial products company’s stock worth $22,352,000 after buying an additional 3,787 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its position in Emerson Electric by 1.5% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 79,448 shares of the industrial products company’s stock worth $6,084,000 after buying an additional 1,152 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. grew its position in Emerson Electric by 14.2% during the third quarter. Farmers & Merchants Investments Inc. now owns 96,178 shares of the industrial products company’s stock worth $7,365,000 after buying an additional 11,959 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

In other Emerson Electric news, President Edward L. Monser sold 30,000 shares of the company’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $75.84, for a total transaction of $2,275,200.00. Following the completion of the sale, the president now directly owns 176,477 shares in the company, valued at $13,384,015.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Edward L. Monser sold 60,000 shares of the company’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $76.10, for a total value of $4,566,000.00. Following the sale, the president now owns 176,477 shares of the company’s stock, valued at $13,429,899.70. 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. Corporate insiders own 0.79% of the company’s stock.

A number of brokerages recently issued reports on EMR. Barclays increased their price target on Emerson Electric from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, August 9th. Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research report on Monday, August 6th. UBS Group increased their price target on Emerson Electric from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. Deutsche Bank set a $81.00 price target on Emerson Electric and gave the stock a “buy” rating in a research report on Thursday, July 12th. Finally, MED raised Emerson Electric from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a research report on Thursday, July 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $78.67.

NYSE EMR opened at $67.88 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.23 and a quick ratio of 0.97. Emerson Electric Co. has a fifty-two week low of $57.47 and a fifty-two week high of $79.70. The firm has a market cap of $42.62 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 1.78 and a beta of 1.15.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, August 7th. The industrial products company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.02. Emerson Electric had a return on equity of 22.83% and a net margin of 12.33%. The firm had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same period in the prior year, the company earned $0.68 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. As a group, analysts predict that Emerson Electric Co. will post 3.22 EPS for the current fiscal year.

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

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