Los Angeles Capital Management & Equity Research Inc. lowered its stake in shares of Emerson Electric Company (NYSE:EMR) by 13.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,879 shares of the industrial products company’s stock after selling 5,115 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Emerson Electric were worth $1,901,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in EMR. Vanguard Group Inc. increased its stake in shares of Emerson Electric by 5.8% during the first quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock worth $2,615,777,000 after purchasing an additional 2,404,844 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Emerson Electric by 135.9% during the first quarter. Prudential Financial Inc. now owns 2,963,124 shares of the industrial products company’s stock worth $177,372,000 after purchasing an additional 1,706,810 shares in the last quarter. Pictet Asset Management Ltd. increased its stake in shares of Emerson Electric by 217.1% during the second quarter. Pictet Asset Management Ltd. now owns 2,460,762 shares of the industrial products company’s stock worth $145,480,000 after purchasing an additional 1,684,786 shares in the last quarter. Bank of Nova Scotia increased its stake in shares of Emerson Electric by 3,745.5% during the first quarter. Bank of Nova Scotia now owns 561,400 shares of the industrial products company’s stock worth $33,771,000 after purchasing an additional 546,801 shares in the last quarter. Finally, Longview Partners Guernsey LTD increased its stake in shares of Emerson Electric by 4.4% during the second quarter. Longview Partners Guernsey LTD now owns 12,624,050 shares of the industrial products company’s stock worth $752,646,000 after purchasing an additional 526,712 shares in the last quarter. 69.98% of the stock is owned by institutional investors and hedge funds.
In other Emerson Electric news, insider Robert T. Sharp sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $58.99, for a total value of $117,980.00. Following the transaction, the insider now directly owns 64,290 shares in the company, valued at approximately $3,792,467.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.79% of the company’s stock.
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Emerson Electric Company (NYSE EMR) opened at $64.10 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.47. The firm has a market cap of $41,025.28, a PE ratio of 23.65, a price-to-earnings-growth ratio of 2.91 and a beta of 1.24. Emerson Electric Company has a fifty-two week low of $49.38 and a fifty-two week high of $67.79.
Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.04. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. equities research analysts predict that Emerson Electric Company will post 2.64 earnings per share for the current fiscal year.
EMR has been the subject of a number of research reports. Cowen and Company raised shares of Emerson Electric from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 17th. Zacks Investment Research cut shares of Emerson Electric from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Royal Bank Of Canada reissued a “sector perform” rating and set a $62.00 target price (up previously from $61.00) on shares of Emerson Electric in a research note on Wednesday, August 2nd. Berenberg Bank reissued a “sell” rating and set a $53.00 target price on shares of Emerson Electric in a research note on Friday, August 11th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Emerson Electric in a research note on Tuesday, July 11th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. Emerson Electric presently has an average rating of “Hold” and a consensus price target 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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