Fruth Investment Management Has $3.54 Million Holdings in Emerson Electric Company (EMR)

Fruth Investment Management lessened its holdings in shares of Emerson Electric Company (NYSE:EMR) by 2.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 50,805 shares of the industrial products company’s stock after selling 1,120 shares during the quarter. Emerson Electric comprises approximately 1.5% of Fruth Investment Management’s holdings, making the stock its 14th largest position. Fruth Investment Management’s holdings in Emerson Electric were worth $3,540,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in Emerson Electric by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 44,195,877 shares of the industrial products company’s stock worth $2,634,958,000 after acquiring an additional 497,625 shares during the period. BlackRock Inc. boosted its position in Emerson Electric by 1.9% during the 2nd quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock worth $2,441,728,000 after acquiring an additional 778,791 shares during the period. Longview Partners Guernsey LTD boosted its position in Emerson Electric by 9.0% during the 3rd quarter. Longview Partners Guernsey LTD now owns 13,758,325 shares of the industrial products company’s stock worth $864,573,000 after acquiring an additional 1,134,275 shares during the period. Bank of New York Mellon Corp boosted its position in Emerson Electric by 4.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 13,355,963 shares of the industrial products company’s stock worth $839,288,000 after acquiring an additional 597,993 shares during the period. Finally, Capital World Investors boosted its position in Emerson Electric by 4.6% during the 2nd quarter. Capital World Investors now owns 11,450,000 shares of the industrial products company’s stock worth $682,649,000 after acquiring an additional 500,000 shares during the period. Institutional investors own 69.18% of the company’s stock.

In other news, VP Frank J. Dellaquila sold 2,100 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total transaction of $136,017.00. Following the completion of the sale, the vice president now directly owns 178,743 shares of the company’s stock, valued at $11,577,184.11. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Bell Katherine Button sold 7,909 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 44,628 shares of the company’s stock, valued at $2,891,001.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,017 shares of company stock valued at $1,771,129. 0.79% of the stock is currently owned by company insiders.

A number of research analysts have issued reports on the company. Stifel Nicolaus reiterated a “buy” rating on shares of Emerson Electric in a research report on Thursday, October 12th. Edward Jones lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Cowen upgraded Emerson Electric to a “buy” rating and set a $71.00 price target for the company in a research report on Monday, October 23rd. Zacks Investment Research upgraded Emerson Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, Citigroup set a $61.00 price objective on Emerson Electric and gave the company a “sell” rating in a report on Tuesday, November 28th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $65.86.

Shares of Emerson Electric Company (EMR) opened at $73.07 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. The firm has a market capitalization of $46,511.82, a price-to-earnings ratio of 31.09, a PEG ratio of 2.68 and a beta of 1.24. Emerson Electric Company has a twelve month low of $56.26 and a twelve month high of $74.45.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, meeting 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 business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.43 billion. During the same quarter in the prior year, the firm posted $0.74 earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. analysts forecast that Emerson Electric Company will post 2.92 EPS for the current year.

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About Emerson Electric

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.

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

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