180 Wealth Advisors LLC lowered its position in Emerson Electric Co. (NYSE:EMR) by 25.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,766 shares of the industrial products company’s stock after selling 2,921 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Emerson Electric were worth $588,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Gradient Investments LLC boosted its stake in Emerson Electric by 164.4% during the third quarter. Gradient Investments LLC now owns 386 shares of the industrial products company’s stock worth $26,000 after buying an additional 240 shares during the period. Candriam Luxembourg S.C.A. boosted its stake in shares of Emerson Electric by 12.8% in the third quarter. Candriam Luxembourg S.C.A. now owns 382,028 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 43,374 shares during the period. Ellevest Inc. boosted its stake in shares of Emerson Electric by 110.0% in the second quarter. Ellevest Inc. now owns 420 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 220 shares during the period. Larson Financial Group LLC raised its holdings in Emerson Electric by 80.3% in the second 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 in the last quarter. Finally, Garrett Wealth Advisory Group LLC acquired a new stake in Emerson Electric in the third quarter valued at approximately $31,000. 70.55% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on EMR. Citigroup cut their price objective on shares of Emerson Electric from $79.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Zacks Investment Research cut shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price objective on the stock. in a report on Tuesday, July 23rd. Argus cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Stephens set a $71.00 price objective on shares of Emerson Electric and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, 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 research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $72.21.
NYSE:EMR opened at $70.23 on Wednesday. The company has a market capitalization of $42.71 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 2.32 and a beta of 1.37. The company has a quick ratio of 0.85, a current ratio of 1.18 and a debt-to-equity ratio of 0.49. Emerson Electric Co. has a 52-week low of $55.38 and a 52-week high of $73.24. The stock has a fifty day simple moving average of $65.13 and a 200-day simple moving average of $65.01.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.94. The business had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.82 billion. Emerson Electric had a return on equity of 24.67% and a net margin of 12.06%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.12 EPS. As a group, equities analysts anticipate that Emerson Electric Co. will post 3.63 earnings per share for the current year.
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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