Shoker Investment Counsel Inc. raised its holdings in Emerson Electric Company (NYSE:EMR) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,077 shares of the industrial products company’s stock after acquiring an additional 254 shares during the quarter. Emerson Electric accounts for about 1.1% of Shoker Investment Counsel Inc.’s portfolio, making the stock its 28th biggest holding. Shoker Investment Counsel Inc.’s holdings in Emerson Electric were worth $1,435,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of EMR. Sei Investments Co. lifted its holdings in Emerson Electric by 25.0% in the 1st quarter. Sei Investments Co. now owns 125,522 shares of the industrial products company’s stock valued at $7,514,000 after acquiring an additional 25,116 shares during the last quarter. TD Asset Management Inc. lifted its stake in Emerson Electric by 1.8% during the first quarter. TD Asset Management Inc. now owns 1,877,147 shares of the industrial products company’s stock valued at $112,366,000 after buying an additional 33,576 shares in the last quarter. Tdam USA Inc. lifted its stake in Emerson Electric by 6.5% during the first quarter. Tdam USA Inc. now owns 348,331 shares of the industrial products company’s stock valued at $20,851,000 after buying an additional 21,312 shares in the last quarter. Flippin Bruce & Porter Inc. lifted its stake in Emerson Electric by 10.2% during the first quarter. Flippin Bruce & Porter Inc. now owns 100,100 shares of the industrial products company’s stock valued at $5,992,000 after buying an additional 9,225 shares in the last quarter. Finally, Commerce Bank lifted its stake in Emerson Electric by 1.7% during the first quarter. Commerce Bank now owns 681,356 shares of the industrial products company’s stock valued at $40,786,000 after buying an additional 11,527 shares in the last quarter. 69.98% of the stock is owned by institutional investors.
Emerson Electric Company (NYSE EMR) opened at $64.10 on Friday. Emerson Electric Company has a twelve month low of $49.38 and a twelve month high of $67.79. The company has a market capitalization of $41,025.28, a P/E ratio of 23.65, a P/E/G ratio of 2.91 and a beta of 1.24. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.47.
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 analysts’ consensus estimates of $0.79 by $0.04. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. analysts expect that Emerson Electric Company will post 2.64 EPS for the current fiscal year.
A number of analysts have commented on EMR shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Emerson Electric in a research note on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 price objective on shares of Emerson Electric in a research note on Wednesday, July 19th. BidaskClub lowered shares of Emerson Electric from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $62.00 price objective (up from $61.00) on shares of Emerson Electric in a research note on Wednesday, August 2nd. Finally, Berenberg Bank reaffirmed a “sell” rating and set a $53.00 price objective on shares of Emerson Electric in a research note on Friday, August 11th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $62.86.
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In related news, insider Robert T. Sharp sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $58.99, for a total value of $117,980.00. Following the transaction, the insider now owns 64,290 shares in the company, valued at $3,792,467.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.79% of the company’s stock.
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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