Altium Wealth Management LLC raised its holdings in Emerson Electric Co. (NYSE:EMR) by 11.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,078 shares of the industrial products company’s stock after buying an additional 1,107 shares during the quarter. Altium Wealth Management LLC’s holdings in Emerson Electric were worth $845,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Gradient Investments LLC grew its holdings in shares of Emerson Electric by 164.4% during the 3rd quarter. Gradient Investments LLC now owns 386 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 240 shares during the period. Candriam Luxembourg S.C.A. lifted its position in Emerson Electric by 12.8% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 382,028 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 43,374 shares in the last quarter. Ellevest Inc. lifted its position in Emerson Electric by 110.0% during the 2nd quarter. Ellevest Inc. now owns 420 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 220 shares in the last quarter. Garrett Wealth Advisory Group LLC acquired a new position in Emerson Electric during the 3rd quarter worth approximately $31,000. Finally, Massey Quick Simon & CO. LLC lifted its position in Emerson Electric by 1,823.1% during the 3rd quarter. Massey Quick Simon & CO. LLC now owns 500 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 474 shares in the last quarter. Institutional investors own 70.55% of the company’s stock.
In other news, CFO Frank J. Dellaquila sold 40,817 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $73.73, for a total value of $3,009,437.41. Following the completion of the transaction, the chief financial officer now owns 278,803 shares of the company’s stock, valued at $20,556,145.19. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert T. Sharp sold 7,000 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $76.13, for a total value of $532,910.00. Following the completion of the transaction, the insider now directly owns 131,315 shares of the company’s stock, valued at approximately $9,997,010.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,565 shares of company stock valued at $4,701,330. 0.50% of the stock is owned by company insiders.
Several equities analysts recently commented on EMR shares. HSBC lowered Emerson Electric from a “hold” rating to a “reduce” rating and set a $64.00 price target on the stock. in a research report on Thursday, November 14th. Stephens reissued a “buy” rating and set a $86.00 price target on shares of Emerson Electric in a research report on Monday, December 16th. Barclays upped their target price on Emerson Electric from $75.00 to $78.00 and gave the company an “equal weight” rating in a research report on Monday. They noted that the move was a valuation call. Royal Bank of Canada raised Emerson Electric from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $65.00 to $77.00 in a research report on Monday, September 30th. Finally, Deutsche Bank cut their target price on Emerson Electric from $82.00 to $81.00 and set a “buy” rating on the stock in a research report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $76.25.
EMR traded up $0.43 during trading on Friday, reaching $78.30. 53,810 shares of the company were exchanged, compared to its average volume of 2,529,220. The stock has a market cap of $46.83 billion, a P/E ratio of 21.19, a PEG ratio of 2.67 and a beta of 1.38. The firm has a 50 day moving average of $75.98 and a 200 day moving average of $68.28. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.52. Emerson Electric Co. has a 52 week low of $55.98 and a 52 week high of $77.98.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.07 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.07. The firm had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $5.02 billion. Emerson Electric had a return on equity of 26.32% and a net margin of 12.55%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.89 EPS. As a group, analysts forecast that Emerson Electric Co. will post 3.63 earnings per share for the current fiscal year.
About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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