4,920 Shares in Emerson Electric Company (EMR) Acquired by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. acquired a new position in shares of Emerson Electric Company (NYSE:EMR) in the 3rd quarter, HoldingsChannel reports. The fund acquired 4,920 shares of the industrial products company’s stock, valued at approximately $309,000.

Other large investors have also added to or reduced their stakes in the company. Patten Group Inc. lifted its holdings in shares of Emerson Electric by 650.8% in the 3rd quarter. Patten Group Inc. now owns 107,185 shares of the industrial products company’s stock valued at $894,000 after purchasing an additional 92,909 shares during the last quarter. Madison Investment Holdings Inc. lifted its holdings in shares of Emerson Electric by 36.3% in the 3rd quarter. Madison Investment Holdings Inc. now owns 292,488 shares of the industrial products company’s stock valued at $18,380,000 after purchasing an additional 77,926 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Emerson Electric by 48.4% in the 3rd quarter. Janus Henderson Group PLC now owns 167,422 shares of the industrial products company’s stock valued at $10,521,000 after purchasing an additional 54,592 shares during the last quarter. Chevy Chase Trust Holdings Inc. lifted its holdings in shares of Emerson Electric by 0.7% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 571,219 shares of the industrial products company’s stock valued at $35,896,000 after purchasing an additional 4,063 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of Emerson Electric in the 3rd quarter valued at about $49,644,000. 69.18% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on EMR. Stifel Nicolaus reissued a “buy” rating on shares of Emerson Electric in a report on Thursday, October 12th. Edward Jones downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Cowen raised Emerson Electric to a “buy” rating and set a $71.00 price objective for the company in a research note on Monday, October 23rd. Zacks Investment Research raised Emerson Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Citigroup set a $61.00 price objective on Emerson Electric and gave the company a “sell” rating in a research note on Tuesday, November 28th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. Emerson Electric has an average rating of “Hold” and an average price target of $65.86.

Emerson Electric Company (NYSE EMR) opened at $73.91 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.30 and a current ratio of 1.64. Emerson Electric Company has a 52-week low of $56.00 and a 52-week high of $74.45. The stock has a market capitalization of $47,182.38, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 2.72 and a beta of 1.24.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The company had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.43 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. sell-side analysts forecast that Emerson Electric Company will post 2.92 earnings per share for the current fiscal year.

In related news, VP Frank J. Dellaquila sold 2,100 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total value of $136,017.00. Following the sale, the vice president now owns 178,743 shares in the company, valued at approximately $11,577,184.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Bell Katherine Button sold 7,518 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $66.36, for a total value of $498,894.48. Following the completion of the sale, the vice president now owns 36,877 shares in the company, valued at approximately $2,447,157.72. The disclosure for this sale can be found here. Insiders have sold a total of 27,017 shares of company stock worth $1,771,129 in the last quarter. 0.79% of the stock is currently owned by insiders.

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

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