Emerson Electric Company (EMR) Shares Bought by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd increased its holdings in Emerson Electric Company (NYSE:EMR) by 444.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 28,000 shares of the industrial products company’s stock after purchasing an additional 22,854 shares during the period. Temasek Holdings Private Ltd’s holdings in Emerson Electric were worth $1,760,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Intellectus Partners LLC raised its stake in shares of Emerson Electric by 0.3% during the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 7 shares in the last quarter. RB Capital Management LLC raised its stake in shares of Emerson Electric by 0.6% during the 2nd quarter. RB Capital Management LLC now owns 4,475 shares of the industrial products company’s stock worth $267,000 after purchasing an additional 26 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Emerson Electric by 0.5% during the 2nd quarter. Parallel Advisors LLC now owns 4,892 shares of the industrial products company’s stock worth $292,000 after purchasing an additional 26 shares in the last quarter. Busey Trust CO raised its stake in shares of Emerson Electric by 0.5% during the 2nd quarter. Busey Trust CO now owns 6,834 shares of the industrial products company’s stock worth $407,000 after purchasing an additional 31 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. raised its stake in shares of Emerson Electric by 0.6% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 6,978 shares of the industrial products company’s stock worth $416,000 after purchasing an additional 41 shares in the last quarter. 69.18% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Company (EMR) opened at $72.59 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.64 and a debt-to-equity ratio of 0.43. Emerson Electric Company has a one year low of $56.00 and a one year high of $72.70. The firm has a market capitalization of $46,590.00, a P/E ratio of 28.36, a P/E/G ratio of 3.25 and a beta of 1.24.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.83. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The business had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.43 billion. During the same period last year, the business earned $0.74 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. research analysts predict that Emerson Electric Company will post 2.92 earnings per share for the current fiscal year.

In related news, COO Edgar M. Purvis, Jr. sold 9,490 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $65.74, for a total value of $623,872.60. Following the transaction, the chief operating officer now directly owns 168,984 shares of the company’s stock, valued at approximately $11,109,008.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Bell Katherine Button sold 7,909 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $64.78, for a total value of $512,345.02. Following the completion of the transaction, the vice president now directly owns 44,628 shares in the company, valued at $2,891,001.84. The disclosure for this sale can be found here. Insiders sold a total of 27,017 shares of company stock worth $1,771,129 over the last three months. 0.84% of the stock is owned by company insiders.

A number of equities research analysts have recently weighed in on EMR shares. Edward Jones downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $65.00 price target (up from $60.00) on shares of Emerson Electric in a research note on Wednesday, November 8th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Emerson Electric in a research note on Thursday, October 12th. Bank of America raised Emerson Electric from a “neutral” rating to a “buy” rating and raised their price target for the stock from $64.44 to $79.00 in a research note on Tuesday, October 17th. Finally, Cowen reaffirmed a “buy” rating and set a $72.00 price target on shares of Emerson Electric in a research note on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $65.86.

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

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