Chicago Equity Partners LLC lowered its holdings in shares of Emerson Electric Company (NYSE:EMR) by 4.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 212,320 shares of the industrial products company’s stock after selling 10,400 shares during the period. Chicago Equity Partners LLC’s holdings in Emerson Electric were worth $12,659,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of EMR. Vanguard Group Inc. raised its holdings in shares of Emerson Electric by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock worth $2,615,777,000 after buying an additional 2,404,844 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Emerson Electric by 135.9% during the 1st quarter. Prudential Financial Inc. now owns 2,963,124 shares of the industrial products company’s stock worth $177,372,000 after buying an additional 1,706,810 shares in the last quarter. Pictet Asset Management Ltd. raised its holdings in shares of Emerson Electric by 217.1% during the 2nd quarter. Pictet Asset Management Ltd. now owns 2,460,762 shares of the industrial products company’s stock worth $145,480,000 after buying an additional 1,684,786 shares in the last quarter. Bank of Nova Scotia raised its holdings in shares of Emerson Electric by 3,745.5% during the 1st quarter. Bank of Nova Scotia now owns 561,400 shares of the industrial products company’s stock worth $33,771,000 after buying an additional 546,801 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in shares of Emerson Electric by 28.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 2,418,472 shares of the industrial products company’s stock worth $144,770,000 after buying an additional 540,927 shares in the last quarter. 69.98% of the stock is owned by institutional investors.
EMR has been the subject of a number of research analyst reports. Cowen and Company raised Emerson Electric to a “buy” rating and set a $71.00 price target for the company in a report on Monday, October 23rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $68.00 target price on shares of Emerson Electric in a report on Wednesday, July 19th. Bank of America Corporation raised Emerson Electric from a “neutral” rating to a “buy” rating and upped their target price for the stock from $64.44 to $79.00 in a report on Tuesday, October 17th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $67.00 target price (up previously from $64.00) on shares of Emerson Electric in a report on Monday, October 2nd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $62.00 target price (up previously from $61.00) on shares of Emerson Electric in a report on Wednesday, August 2nd. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Emerson Electric currently has an average rating of “Hold” and a consensus price target of $62.86.
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In related news, insider Robert T. Sharp sold 2,000 shares of the business’s 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 transaction, the insider now owns 64,290 shares in the company, valued at approximately $3,792,467.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.79% of the stock is owned by insiders.
Shares of Emerson Electric Company (EMR) opened at 67.34 on Tuesday. The company has a market cap of $43.10 billion, a price-to-earnings ratio of 30.05 and a beta of 1.21. Emerson Electric Company has a 12 month low of $49.38 and a 12 month high of $67.79. 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 released its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ 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 analysts expect that Emerson Electric Company will post $2.62 EPS for the current fiscal year.
Emerson Electric 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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