First Command Financial Services Inc. lessened its position in Emerson Electric Co. (NYSE:EMR) by 17.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,105 shares of the industrial products company’s stock after selling 1,115 shares during the period. First Command Financial Services Inc.’s holdings in Emerson Electric were worth $389,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Arjuna Capital boosted its holdings in shares of Emerson Electric by 3.2% in the second quarter. Arjuna Capital now owns 20,995 shares of the industrial products company’s stock valued at $1,401,000 after purchasing an additional 643 shares during the period. Schroder Investment Management Group increased its holdings in shares of Emerson Electric by 9.7% in the 2nd quarter. Schroder Investment Management Group now owns 2,682,281 shares of the industrial products company’s stock valued at $178,961,000 after acquiring an additional 236,974 shares during the last quarter. Profund Advisors LLC increased its holdings in shares of Emerson Electric by 8.3% in the 2nd quarter. Profund Advisors LLC now owns 11,657 shares of the industrial products company’s stock valued at $778,000 after acquiring an additional 897 shares during the last quarter. RMB Capital Management LLC raised its position in shares of Emerson Electric by 31.2% during the 2nd quarter. RMB Capital Management LLC now owns 8,369 shares of the industrial products company’s stock worth $558,000 after acquiring an additional 1,989 shares in the last quarter. Finally, Evercore Wealth Management LLC raised its position in shares of Emerson Electric by 7.2% during the 2nd quarter. Evercore Wealth Management LLC now owns 50,730 shares of the industrial products company’s stock worth $3,385,000 after acquiring an additional 3,421 shares in the last quarter. 70.55% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on the company. HSBC downgraded Emerson Electric from a “hold” rating to a “reduce” rating and set a $64.00 price target for the company. in a report on Thursday, November 14th. Barclays raised their price objective on shares of Emerson Electric from $75.00 to $78.00 and gave the stock an “equal weight” rating in a report on Monday. They noted that the move was a valuation call. Royal Bank of Canada raised shares of Emerson Electric from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $65.00 to $77.00 in a report on Monday, September 30th. Cowen downgraded shares of Emerson Electric from an “outperform” rating to a “market perform” rating and set a $72.00 price objective for the company. in a research report on Wednesday, November 6th. Finally, Morgan Stanley upped their target price on shares of Emerson Electric from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $76.25.
In other news, Director Mark A. Blinn bought 1,400 shares of Emerson Electric stock in a transaction dated Friday, November 15th. The stock was bought at an average price of $73.11 per share, for a total transaction of $102,354.00. Following the purchase, the director now owns 2,413 shares of the company’s stock, valued at $176,414.43. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Robert T. Sharp sold 7,000 shares of Emerson Electric stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $76.13, for a total transaction of $532,910.00. Following the completion of the sale, the insider now directly owns 131,315 shares in the company, valued at approximately $9,997,010.95. The disclosure for this sale can be found here. Insiders have sold a total of 63,565 shares of company stock worth $4,701,330 in the last 90 days. 0.50% of the stock is currently owned by company insiders.
NYSE:EMR traded up $0.14 during mid-day trading on Tuesday, reaching $77.53. 67,750 shares of the stock were exchanged, compared to its average volume of 2,456,053. The company has a 50 day simple moving average of $75.82 and a 200-day simple moving average of $68.12. The stock has a market capitalization of $46.87 billion, a P/E ratio of 21.00, a P/E/G ratio of 2.67 and a beta of 1.38. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.52. Emerson Electric Co. has a 1 year low of $55.98 and a 1 year high of $77.98.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.07. The firm had revenue of $4.97 billion for 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 quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 EPS. As a group, research analysts predict that Emerson Electric Co. will post 3.63 EPS for the current 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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