Motco reduced its holdings in Emerson Electric Company (NYSE:EMR) by 25.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,921 shares of the industrial products company’s stock after selling 2,063 shares during the quarter. Motco’s holdings in Emerson Electric were worth $372,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Emerson Electric by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 44,195,877 shares of the industrial products company’s stock valued at $2,634,958,000 after acquiring an additional 497,625 shares during the period. BlackRock Inc. boosted its holdings in Emerson Electric by 1.9% during the 2nd quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock valued at $2,441,728,000 after acquiring an additional 778,791 shares during the period. Longview Partners Guernsey LTD boosted its holdings in Emerson Electric by 9.0% during the 3rd quarter. Longview Partners Guernsey LTD now owns 13,758,325 shares of the industrial products company’s stock valued at $864,573,000 after acquiring an additional 1,134,275 shares during the period. Bank of New York Mellon Corp boosted its holdings in Emerson Electric by 4.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 13,355,963 shares of the industrial products company’s stock valued at $839,288,000 after acquiring an additional 597,993 shares during the period. Finally, Capital World Investors boosted its holdings in Emerson Electric by 4.6% during the 2nd quarter. Capital World Investors now owns 11,450,000 shares of the industrial products company’s stock valued at $682,649,000 after acquiring an additional 500,000 shares during the period. Institutional investors and hedge funds own 69.18% of the company’s stock.
Several brokerages recently weighed in on EMR. Vertical Research upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Tuesday, January 2nd. Cowen reiterated a “buy” rating and issued a $72.00 price objective on shares of Emerson Electric in a report on Wednesday, December 20th. Zacks Investment Research upgraded Emerson Electric from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Stifel Nicolaus reiterated a “buy” rating and issued a $75.00 price objective on shares of Emerson Electric in a report on Monday, December 11th. Finally, Goldman Sachs Group reiterated a “neutral” rating and issued a $66.00 price objective on shares of Emerson Electric in a report on Friday, December 8th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $65.86.
In other Emerson Electric news, VP Frank J. Dellaquila sold 2,100 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total transaction of $136,017.00. Following the sale, the vice president now directly owns 178,743 shares in the company, valued at approximately $11,577,184.11. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Bell Katherine Button sold 7,909 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $64.78, for a total value of $512,345.02. Following the sale, the vice president now owns 44,628 shares in the company, valued at $2,891,001.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,017 shares of company stock valued at $1,771,129. 0.84% of the stock is owned by corporate insiders.
Emerson Electric Company (NYSE:EMR) opened at $73.91 on Friday. Emerson Electric Company has a 52-week low of $56.00 and a 52-week high of $74.45. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.30 and a current ratio of 1.64. The firm has a market capitalization of $47,440.00, a P/E ratio of 28.87, a P/E/G ratio of 3.25 and a beta of 1.24.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.83. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.43 billion. During the same quarter last year, the company earned $0.74 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. equities analysts forecast that Emerson Electric Company will post 2.92 earnings per share for the current year.
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Emerson Electric Company Profile
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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