Spearhead Capital Advisors LLC raised its stake in Emerson Electric Co. (NYSE:EMR) by 4.5% during the 3rd quarter, Holdings Channel reports. The fund owned 65,620 shares of the industrial products company’s stock after acquiring an additional 2,833 shares during the period. Spearhead Capital Advisors LLC’s holdings in Emerson Electric were worth $4,387,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in EMR. Gradient Investments LLC raised its holdings in Emerson Electric by 164.4% in the 3rd quarter. Gradient Investments LLC now owns 386 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 240 shares during the period. Candriam Luxembourg S.C.A. raised its holdings in Emerson Electric by 12.8% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 382,028 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 43,374 shares during the period. Ellevest Inc. raised its holdings in Emerson Electric by 110.0% in the 2nd quarter. Ellevest Inc. now owns 420 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 220 shares during the period. Larson Financial Group LLC raised its holdings in Emerson Electric by 80.3% in the 2nd quarter. Larson Financial Group LLC now owns 440 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 196 shares during the period. Finally, Garrett Wealth Advisory Group LLC bought a new position in Emerson Electric in the 3rd quarter valued at about $31,000. 70.55% of the stock is currently owned by hedge funds and other institutional investors.
NYSE EMR traded up $0.78 during mid-day trading on Monday, reaching $69.43. 2,348,098 shares of the stock were exchanged, compared to its average volume of 3,254,478. Emerson Electric Co. has a one year low of $55.38 and a one year high of $73.24. The stock has a 50 day simple moving average of $64.36 and a 200-day simple moving average of $65.02. The stock has a market cap of $41.86 billion, a P/E ratio of 20.54, a P/E/G ratio of 2.27 and a beta of 1.37. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.18 and a quick ratio of 0.85.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share for the quarter, meeting the consensus estimate of $0.94. Emerson Electric had a net margin of 12.06% and a return on equity of 24.67%. The firm had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the previous year, the firm posted $1.12 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. Sell-side analysts anticipate that Emerson Electric Co. will post 3.63 EPS for the current fiscal year.
Several brokerages have recently commented on EMR. Barclays lowered their target price on shares of Emerson Electric from $65.00 to $64.00 and set an “equal weight” rating on the stock in a report on Monday, September 30th. Deutsche Bank lowered their target price on shares of Emerson Electric from $74.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Wolfe Research set a $72.00 target price on shares of Emerson Electric and gave the stock a “buy” rating in a report on Thursday, September 26th. Zacks Investment Research cut shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 target price on the stock. in a report on Tuesday, July 23rd. Finally, Cowen set a $72.00 target price on shares of Emerson Electric and gave the stock a “buy” rating in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. Emerson Electric has an average rating of “Hold” and an average target price of $72.21.
Emerson Electric Company 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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