Alps Advisors Inc. Has $46.26 Million Position in Emerson Electric Company (EMR)

Alps Advisors Inc. lowered its stake in Emerson Electric Company (NYSE:EMR) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 775,893 shares of the industrial products company’s stock after selling 19,992 shares during the quarter. Alps Advisors Inc. owned approximately 0.12% of Emerson Electric worth $46,259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. SFE Investment Counsel increased its stake in Emerson Electric by 9.7% in the 2nd quarter. SFE Investment Counsel now owns 5,633 shares of the industrial products company’s stock worth $336,000 after purchasing an additional 498 shares in the last quarter. NewSquare Capital LLC increased its stake in Emerson Electric by 5.1% in the 2nd quarter. NewSquare Capital LLC now owns 14,820 shares of the industrial products company’s stock worth $884,000 after purchasing an additional 725 shares in the last quarter. State of Wisconsin Investment Board increased its stake in Emerson Electric by 32.2% in the 2nd quarter. State of Wisconsin Investment Board now owns 546,857 shares of the industrial products company’s stock worth $32,604,000 after purchasing an additional 133,340 shares in the last quarter. Morningstar Investment Services LLC increased its stake in Emerson Electric by 40.9% in the 2nd quarter. Morningstar Investment Services LLC now owns 591,732 shares of the industrial products company’s stock worth $35,279,000 after purchasing an additional 171,785 shares in the last quarter. Finally, Dupont Capital Management Corp purchased a new position in Emerson Electric in the 2nd quarter worth about $306,000. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Robert T. Sharp sold 2,000 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $58.99, for a total transaction of $117,980.00. Following the completion of the transaction, the insider now directly owns 64,290 shares in the company, valued at $3,792,467.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.79% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION WARNING: “Alps Advisors Inc. Has $46.26 Million Position in Emerson Electric Company (EMR)” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another website, it was illegally copied and reposted in violation of international copyright & trademark laws. The original version of this news story can be read at https://ledgergazette.com/2017/10/14/alps-advisors-inc-has-46-26-million-position-in-emerson-electric-company-emr.html.

A number of brokerages recently weighed in on EMR. BidaskClub cut Emerson Electric from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Citigroup Inc. reissued a “sell” rating and issued a $61.00 price target (up previously from $58.00) on shares of Emerson Electric in a research note on Monday, October 9th. Stifel Nicolaus reissued a “buy” rating and issued a $68.00 price target on shares of Emerson Electric in a research note on Wednesday, July 19th. Morgan Stanley reissued an “overweight” rating on shares of Emerson Electric in a research note on Tuesday, July 11th. Finally, Berenberg Bank reissued a “sell” rating and issued a $53.00 price target on shares of Emerson Electric in a research note on Friday, August 11th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. Emerson Electric currently has a consensus rating of “Hold” and an average target price of $60.71.

Shares of Emerson Electric Company (NYSE:EMR) opened at 63.97 on Friday. Emerson Electric Company has a one year low of $49.38 and a one year high of $64.40. The firm has a market capitalization of $40.94 billion, a price-to-earnings ratio of 28.55 and a beta of 1.22. The stock’s 50 day moving average price is $61.95 and its 200 day moving average price is $60.07.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.68. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.99 billion. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. Emerson Electric’s quarterly revenue was up 9.9% on a year-over-year basis. During the

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. SFE Investment Counsel increased its stake in Emerson Electric by 9.7% in the 2nd quarter. SFE Investment Counsel now owns 5,633 shares of the industrial products company’s stock worth $336,000 after purchasing an additional 498 shares in the last quarter. NewSquare Capital LLC increased its stake in Emerson Electric by 5.1% in the 2nd quarter. NewSquare Capital LLC now owns 14,820 shares of the industrial products company’s stock worth $884,000 after purchasing an additional 725 shares in the last quarter. State of Wisconsin Investment Board increased its stake in Emerson Electric by 32.2% in the 2nd quarter. State of Wisconsin Investment Board now owns 546,857 shares of the industrial products company’s stock worth $32,604,000 after purchasing an additional 133,340 shares in the last quarter. Morningstar Investment Services LLC increased its stake in Emerson Electric by 40.9% in the 2nd quarter. Morningstar Investment Services LLC now owns 591,732 shares of the industrial products company’s stock worth $35,279,000 after purchasing an additional 171,785 shares in the last quarter. Finally, Dupont Capital Management Corp purchased a new position in Emerson Electric in the 2nd quarter worth about $306,000. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Robert T. Sharp sold 2,000 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $58.99, for a total transaction of $117,980.00. Following the completion of the transaction, the insider now directly owns 64,290 shares in the company, valued at $3,792,467.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.79% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION WARNING: “Alps Advisors Inc. Has $46.26 Million Position in Emerson Electric Company (EMR)” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another website, it was illegally copied and reposted in violation of international copyright & trademark laws. The original version of this news story can be read at https://ledgergazette.com/2017/10/14/alps-advisors-inc-has-46-26-million-position-in-emerson-electric-company-emr.html.

A number of brokerages recently weighed in on EMR. BidaskClub cut Emerson Electric from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Citigroup Inc. reissued a “sell” rating and issued a $61.00 price target (up previously from $58.00) on shares of Emerson Electric in a research note on Monday, October 9th. Stifel Nicolaus reissued a “buy” rating and issued a $68.00 price target on shares of Emerson Electric in a research note on Wednesday, July 19th. Morgan Stanley reissued an “overweight” rating on shares of Emerson Electric in a research note on Tuesday, July 11th. Finally, Berenberg Bank reissued a “sell” rating and issued a $53.00 price target on shares of Emerson Electric in a research note on Friday, August 11th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. Emerson Electric currently has a consensus rating of “Hold” and an average target price of $60.71.

Shares of Emerson Electric Company (NYSE:EMR) opened at 63.97 on Friday. Emerson Electric Company has a one year low of $49.38 and a one year high of $64.40. The firm has a market capitalization of $40.94 billion, a price-to-earnings ratio of 28.55 and a beta of 1.22. The stock’s 50 day moving average price is $61.95 and its 200 day moving average price is $60.07.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.68. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.99 billion. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. Emerson Electric’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the company earned $0.68 earnings per share. Analysts expect that Emerson Electric Company will post $2.60 EPS for the current fiscal year.

About Emerson Electric

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

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

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