First American Trust FSB Sells 271 Shares of Emerson Electric Co. (EMR)

First American Trust FSB trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,143 shares of the industrial products company’s stock after selling 271 shares during the period. First American Trust FSB’s holdings in Emerson Electric were worth $3,952,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EMR. Taylor Hoffman Wealth Management boosted its stake in shares of Emerson Electric by 6.7% during the 3rd quarter. Taylor Hoffman Wealth Management now owns 14,492 shares of the industrial products company’s stock worth $1,110,000 after purchasing an additional 911 shares during the period. BTR Capital Management Inc. boosted its holdings in shares of Emerson Electric by 18.7% in the 3rd quarter. BTR Capital Management Inc. now owns 13,065 shares of the industrial products company’s stock valued at $1,001,000 after acquiring an additional 2,060 shares during the last quarter. Honkamp Krueger Financial Services Inc. boosted its holdings in Emerson Electric by 64.2% during the third quarter. Honkamp Krueger Financial Services Inc. now owns 8,510 shares of the industrial products company’s stock worth $652,000 after buying an additional 3,327 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Emerson Electric during the third quarter worth $13,110,000. Finally, IFP Advisors Inc raised its position in Emerson Electric by 6.0% during the third quarter. IFP Advisors Inc now owns 19,752 shares of the industrial products company’s stock worth $1,513,000 after acquiring an additional 1,124 shares during the period. Institutional investors own 70.51% of the company’s stock.

Shares of EMR traded down $0.10 during mid-day trading on Friday, reaching $62.01. The stock had a trading volume of 152,451 shares, compared to its average volume of 5,045,101. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.35. Emerson Electric Co. has a 52-week low of $55.38 and a 52-week high of $79.70. The firm has a market capitalization of $38.45 billion, a P/E ratio of 18.32, a P/E/G ratio of 1.95 and a beta of 1.20.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.03). Emerson Electric had a net margin of 12.65% and a return on equity of 23.06%. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.91 billion. During the same period in the prior year, the company posted $0.83 EPS. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities research analysts predict that Emerson Electric Co. will post 3.66 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on the stock. Barclays upped their price objective on shares of Emerson Electric from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, September 24th. Cowen restated a “buy” rating and set a $81.00 price objective on shares of Emerson Electric in a research report on Wednesday, September 19th. Zacks Investment Research upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating in a research report on Tuesday. Bank of America upped their price objective on shares of Emerson Electric from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, October 4th. Finally, Berenberg Bank set a $67.00 price objective on shares of Emerson Electric and gave the stock a “hold” rating in a research report on Monday, November 19th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. Emerson Electric presently has a consensus rating of “Hold” and an average target price of $74.91.

In related news, insider Surendralal Lanca Karsanbhai sold 9,070 shares of the company’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $68.00, for a total value of $616,760.00. Following the completion of the sale, the insider now owns 20,000 shares of the company’s stock, valued at $1,360,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.07% of the company’s stock.

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Emerson Electric Profile

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

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