Emerson Electric Co. (EMR) Stake Lessened by TD Asset Management Inc.

TD Asset Management Inc. decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,420,665 shares of the industrial products company’s stock after selling 30,305 shares during the period. TD Asset Management Inc. owned approximately 0.23% of Emerson Electric worth $108,795,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Bank of America Corp DE grew its position in Emerson Electric by 1.8% during the 2nd quarter. Bank of America Corp DE now owns 23,145,471 shares of the industrial products company’s stock worth $1,600,277,000 after acquiring an additional 417,445 shares during the last quarter. Northern Trust Corp grew its position in Emerson Electric by 0.9% during the 2nd quarter. Northern Trust Corp now owns 9,540,319 shares of the industrial products company’s stock worth $659,617,000 after acquiring an additional 80,807 shares during the last quarter. American Century Companies Inc. grew its position in Emerson Electric by 1.1% during the 2nd quarter. American Century Companies Inc. now owns 4,594,851 shares of the industrial products company’s stock worth $317,688,000 after acquiring an additional 51,585 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Emerson Electric by 1.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,168,307 shares of the industrial products company’s stock worth $288,197,000 after acquiring an additional 62,727 shares during the last quarter. Finally, FMR LLC grew its position in Emerson Electric by 22.2% during the 2nd quarter. FMR LLC now owns 3,430,748 shares of the industrial products company’s stock worth $237,202,000 after acquiring an additional 622,701 shares during the last quarter. Institutional investors and hedge funds own 70.33% of the company’s stock.

A number of equities research analysts recently weighed in on EMR shares. Barclays boosted their price objective on Emerson Electric from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, September 24th. Zacks Investment Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research report on Monday, August 6th. Gordon Haskett started coverage on Emerson Electric in a research report on Friday, October 12th. They set a “buy” rating on the stock. Bank of America boosted their price objective on Emerson Electric from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, October 4th. Finally, Morgan Stanley began coverage on Emerson Electric in a research report on Monday, August 20th. They set an “overweight” rating and a $85.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. Emerson Electric presently has an average rating of “Buy” and a consensus price target of $78.67.

Shares of EMR opened at $69.62 on Monday. The stock has a market cap of $43.75 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 1.82 and a beta of 1.20. Emerson Electric Co. has a 12 month low of $57.47 and a 12 month high of $79.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 1.23.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, August 7th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. The company had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.47 billion. Emerson Electric had a return on equity of 22.83% and a net margin of 12.33%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 EPS. On average, equities research analysts forecast that Emerson Electric Co. will post 3.19 EPS for the current year.

In other news, President Edward L. Monser sold 60,000 shares of the business’s stock in a transaction dated 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 transaction, the president now directly owns 176,477 shares of the company’s stock, valued at approximately $13,429,899.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Steven J. Pelch sold 6,409 shares of the business’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $74.24, for a total value of $475,804.16. The disclosure for this sale can be found here. Insiders sold a total of 96,409 shares of company stock worth $7,317,004 over the last three months. 0.84% of the stock is owned by company insiders.

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.

Further Reading: Understanding Market Liquidity

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

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