Brandes Investment Partners LP Has $114.44 Million Position in Emerson Electric Company (EMR)

Brandes Investment Partners LP cut its position in Emerson Electric Company (NYSE:EMR) by 19.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,919,432 shares of the industrial products company’s stock after selling 472,335 shares during the quarter. Emerson Electric comprises approximately 1.8% of Brandes Investment Partners LP’s holdings, making the stock its 20th biggest position. Brandes Investment Partners LP owned approximately 0.30% of Emerson Electric worth $114,437,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. boosted its position in Emerson Electric by 28.8% during the first quarter. UBS Asset Management Americas Inc. now owns 2,418,472 shares of the industrial products company’s stock worth $144,770,000 after purchasing an additional 540,927 shares during the period. Meadow Creek Investment Management LLC boosted its position in Emerson Electric by 23.2% during the first quarter. Meadow Creek Investment Management LLC now owns 10,758 shares of the industrial products company’s stock worth $644,000 after purchasing an additional 2,024 shares during the period. Northstar Investment Advisors LLC boosted its position in Emerson Electric by 1.6% during the first quarter. Northstar Investment Advisors LLC now owns 145,461 shares of the industrial products company’s stock worth $8,707,000 after purchasing an additional 2,314 shares during the period. Teza Capital Management LLC boosted its position in Emerson Electric by 391.7% during the first quarter. Teza Capital Management LLC now owns 26,531 shares of the industrial products company’s stock worth $1,588,000 after purchasing an additional 21,135 shares during the period. Finally, Tirschwell & Loewy Inc. boosted its position in Emerson Electric by 7.8% during the first quarter. Tirschwell & Loewy Inc. now owns 9,002 shares of the industrial products company’s stock worth $539,000 after purchasing an additional 650 shares during the period. 69.98% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Company (NYSE:EMR) opened at 64.46 on Wednesday. The firm has a market cap of $41.26 billion, a P/E ratio of 28.76 and a beta of 1.22. Emerson Electric Company has a 1-year low of $49.38 and a 1-year high of $67.79. The company has a 50-day moving average price of $64.11 and a 200-day moving average price of $60.65.

Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, topping 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 forecast that Emerson Electric Company will post $2.62 EPS for the current fiscal year.

A number of equities analysts have commented on the stock. Stifel Nicolaus reaffirmed a “buy” rating on shares of Emerson Electric in a research report on Thursday, October 12th. Cowen and Company raised shares of Emerson Electric to a “buy” rating and set a $71.00 price objective for the company in a research report on Monday, October 23rd. Zacks Investment Research raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a research report on Tuesday. Citigroup Inc. reaffirmed a “sell” rating and set a $61.00 price objective (up from $58.00) on shares of Emerson Electric in a research report on Monday, October 9th. Finally, BidaskClub cut shares of Emerson Electric from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $62.86.

COPYRIGHT VIOLATION WARNING: “Brandes Investment Partners LP Has $114.44 Million Position in Emerson Electric Company (EMR)” was reported by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://www.com-unik.info/2017/11/01/brandes-investment-partners-lp-has-114-44-million-position-in-emerson-electric-company-emr.html.

In other Emerson Electric news, insider Robert T. Sharp sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $58.99, for a total value of $117,980.00. Following the completion of 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 filing with the SEC, which can be accessed through the SEC website. 0.79% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Company (NYSE:EMR).

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

What are top analysts saying about Emerson Electric Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Emerson Electric Company and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit