Sawyer & Company Inc Invests $1.98 Million in Emerson Electric Company (EMR)

Sawyer & Company Inc bought a new stake in Emerson Electric Company (NYSE:EMR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 28,355 shares of the industrial products company’s stock, valued at approximately $1,976,000. Emerson Electric comprises 1.3% of Sawyer & Company Inc’s investment portfolio, making the stock its 25th largest position.

Several other institutional investors have also recently bought and sold shares of EMR. Tower Research Capital LLC TRC acquired a new position in Emerson Electric in the 2nd quarter valued at about $109,000. Intellectus Partners LLC increased its position in Emerson Electric by 0.3% in the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 7 shares during the period. Mountain Capital Investment Advisors Inc acquired a new position in Emerson Electric in the 2nd quarter valued at about $129,000. AT Bancorp acquired a new position in Emerson Electric in the 2nd quarter valued at about $139,000. Finally, Cable Hill Partners LLC acquired a new position in Emerson Electric in the 3rd quarter valued at about $151,000. 69.18% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on EMR. Wells Fargo & Co restated a “market perform” rating and issued a $73.00 price target (up previously from $65.00) on shares of Emerson Electric in a research report on Thursday. Vertical Research upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Tuesday, January 2nd. Cowen reiterated a “buy” rating and set a $72.00 target price on shares of Emerson Electric in a research report on Wednesday, December 20th. Stifel Nicolaus reiterated a “buy” rating and set a $75.00 target price on shares of Emerson Electric in a research report on Monday, December 11th. Finally, Goldman Sachs Group reiterated a “neutral” rating and set a $66.00 target price on shares of Emerson Electric in a research report on Friday, December 8th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. Emerson Electric presently has a consensus rating of “Hold” and a consensus target price of $66.43.

Shares of Emerson Electric Company (NYSE:EMR) opened at $73.45 on Friday. The firm has a market capitalization of $47,140.00, a P/E ratio of 28.69, a P/E/G ratio of 2.69 and a beta of 1.24. 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 fifty-two week low of $56.26 and a fifty-two week high of $74.45.

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

In related news, COO Edgar M. Purvis, Jr. sold 9,490 shares of the company’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 sale, the chief operating officer now owns 168,984 shares in the company, valued at approximately $11,109,008.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 completion of the sale, the vice president now owns 178,743 shares in the company, valued at approximately $11,577,184.11. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,017 shares of company stock worth $1,771,129. Insiders own 0.79% of the company’s stock.

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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.

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

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