Blue Fin Capital Inc. Has $459,000 Position in Emerson Electric Company (EMR)

Blue Fin Capital Inc. lowered its position in shares of Emerson Electric Company (NYSE:EMR) by 6.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,715 shares of the industrial products company’s stock after selling 550 shares during the quarter. Blue Fin Capital Inc.’s holdings in Emerson Electric were worth $459,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Washington Trust Bank boosted its position in Emerson Electric by 0.4% during the second quarter. Washington Trust Bank now owns 4,040 shares of the industrial products company’s stock worth $241,000 after acquiring an additional 16 shares during the last quarter. RB Capital Management LLC boosted its position in Emerson Electric by 0.6% during the second quarter. RB Capital Management LLC now owns 4,475 shares of the industrial products company’s stock worth $267,000 after acquiring an additional 26 shares during the last quarter. Guardian Life Insurance Co. of America boosted its position in Emerson Electric by 1.1% during the first quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock worth $149,000 after acquiring an additional 28 shares during the last quarter. Busey Trust CO boosted its position in Emerson Electric by 0.5% during the second quarter. Busey Trust CO now owns 6,834 shares of the industrial products company’s stock worth $407,000 after acquiring an additional 31 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. boosted its position in Emerson Electric by 0.6% during the second quarter. Stock Yards Bank & Trust Co. now owns 6,978 shares of the industrial products company’s stock worth $416,000 after acquiring an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 70.01% of the company’s stock.

In related news, insider Robert T. Sharp sold 2,000 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $58.99, for a total transaction of $117,980.00. Following the completion of the sale, the insider now directly owns 64,290 shares of the company’s stock, valued at approximately $3,792,467.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.79% of the stock is currently owned by corporate insiders.

Emerson Electric Company (EMR) opened at 63.43 on Thursday. The stock has a market cap of $40.60 billion, a P/E ratio of 28.30 and a beta of 1.22. Emerson Electric Company has a 52 week low of $49.22 and a 52 week high of $64.36. The stock has a 50 day moving average of $61.62 and a 200-day moving average of $60.01.

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 Thomson Reuters’ 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 net margin of 8.89% and a return on equity of 22.32%. Emerson Electric’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. Analysts forecast that Emerson Electric Company will post $2.60 earnings per share for the current year.

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A number of analysts recently issued reports on the stock. BidaskClub lowered shares of Emerson Electric from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Citigroup Inc. restated a “sell” rating and set a $61.00 target price (up previously from $58.00) on shares of Emerson Electric in a research report on Monday. Stifel Nicolaus restated a “buy” rating and set a $68.00 target price on shares of Emerson Electric in a research report on Wednesday, July 19th. Morgan Stanley restated an “overweight” rating on shares of Emerson Electric in a research report on Tuesday, July 11th. Finally, Berenberg Bank restated a “sell” rating and set a $53.00 target price on shares of Emerson Electric in a research report on Friday, August 11th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $60.71.

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.

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

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