Nuance Investments LLC raised its position in Emerson Electric Company (NYSE:EMR) by 41.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 380,520 shares of the industrial products company’s stock after acquiring an additional 110,914 shares during the period. Emerson Electric makes up about 1.7% of Nuance Investments LLC’s holdings, making the stock its 20th largest position. Nuance Investments LLC owned 0.06% of Emerson Electric worth $22,687,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Washington Trust Bank grew its stake in Emerson Electric by 0.4% in the second quarter. Washington Trust Bank now owns 4,040 shares of the industrial products company’s stock valued at $241,000 after acquiring an additional 16 shares during the period. RB Capital Management LLC grew its stake in Emerson Electric by 0.6% in the second quarter. RB Capital Management LLC now owns 4,475 shares of the industrial products company’s stock valued at $267,000 after acquiring an additional 26 shares during the period. Parallel Advisors LLC grew its stake in Emerson Electric by 0.5% in the second quarter. Parallel Advisors LLC now owns 4,892 shares of the industrial products company’s stock valued at $292,000 after acquiring an additional 26 shares during the period. Guardian Life Insurance Co. of America grew its stake in Emerson Electric by 1.1% in the first quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock valued at $149,000 after acquiring an additional 28 shares during the period. Finally, Busey Trust CO grew its stake in Emerson Electric by 0.5% in the second quarter. Busey Trust CO now owns 6,834 shares of the industrial products company’s stock valued at $407,000 after acquiring an additional 31 shares during the period. 69.98% of the stock is owned by hedge funds and other institutional investors.
Shares of Emerson Electric Company (NYSE EMR) opened at 67.34 on Tuesday. Emerson Electric Company has a one year low of $49.38 and a one year high of $67.79. The company has a market capitalization of $43.10 billion, a price-to-earnings ratio of 30.05 and a beta of 1.21. The company’s 50-day moving average price is $64.01 and its 200-day moving average price is $60.62.
Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.79 by $0.04. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. On average, equities research analysts predict that Emerson Electric Company will post $2.62 earnings per share for the current year.
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In other news, insider Robert T. Sharp sold 2,000 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $58.99, for a total transaction of $117,980.00. Following the transaction, 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 Securities & Exchange Commission, which is available through this link. 0.79% of the stock is owned by corporate insiders.
A number of brokerages have commented on EMR. Royal Bank Of Canada reissued a “sector perform” rating and issued a $62.00 price objective (up previously from $61.00) on shares of Emerson Electric in a research note on Wednesday, August 2nd. BidaskClub cut Emerson Electric from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Cowen and Company raised Emerson Electric to a “buy” rating and set a $71.00 price objective for the company in a research note on Monday, October 23rd. Berenberg Bank reissued a “sell” rating and issued a $53.00 price objective on shares of Emerson Electric in a research note on Friday, August 11th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $67.00 price objective (up previously from $64.00) on shares of Emerson Electric in a research note on Monday, October 2nd. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. Emerson Electric has an average rating of “Hold” and an average target price of $62.86.
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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