Cadence Capital Management LLC Has $4.80 Million Holdings in Emerson Electric Co. (EMR)

Cadence Capital Management LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 4.3% in the third quarter, HoldingsChannel.com reports. The fund owned 62,678 shares of the industrial products company’s stock after selling 2,817 shares during the period. Cadence Capital Management LLC’s holdings in Emerson Electric were worth $4,800,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Tradewinds Capital Management LLC increased its stake in shares of Emerson Electric by 584.1% in the third quarter. Tradewinds Capital Management LLC now owns 1,416 shares of the industrial products company’s stock valued at $108,000 after buying an additional 1,209 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Emerson Electric in the second quarter worth about $102,000. Kiley Juergens Wealth Management LLC acquired a new stake in Emerson Electric in the second quarter worth about $105,000. Kaizen Advisory LLC increased its position in Emerson Electric by 151.1% in the second quarter. Kaizen Advisory LLC now owns 1,539 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 926 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in Emerson Electric in the second quarter worth about $113,000. 70.33% of the stock is owned by institutional investors.

A number of analysts recently commented on EMR shares. MED upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research report on Thursday, July 12th. Deutsche Bank set a $81.00 price objective on Emerson Electric and gave the stock a “buy” rating in a research report on Thursday, July 12th. Zacks Investment Research lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. Robert W. Baird restated a “hold” rating and set a $76.00 target price on shares of Emerson Electric in a report on Friday, July 20th. Finally, ValuEngine cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. Emerson Electric currently has a consensus rating of “Buy” and an average price target of $78.67.

In other Emerson Electric news, President Edward L. Monser sold 30,000 shares of the business’s stock in a transaction that occurred 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 transaction, the president now owns 176,477 shares of the company’s stock, valued at approximately $13,384,015.68. The transaction was disclosed in a legal filing 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 that occurred on Tuesday, August 14th. The stock was 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 have sold a total of 96,409 shares of company stock worth $7,317,004 in the last quarter. 0.84% of the stock is currently owned by company insiders.

NYSE:EMR opened at $70.35 on Tuesday. Emerson Electric Co. has a fifty-two week low of $57.47 and a fifty-two week high of $79.70. 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 stock has a market cap of $43.75 billion, a PE ratio of 26.65, a price-to-earnings-growth ratio of 1.82 and a beta of 1.20.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, August 7th. The industrial products company reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.47 billion. During the same quarter in the previous year, the business posted $0.68 EPS. Emerson Electric’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, equities analysts expect that Emerson Electric Co. will post 3.19 EPS for the current fiscal year.

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

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