Atlas Brown Inc. purchased a new stake in Emerson Electric Co. (NYSE:EMR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,449 shares of the industrial products company’s stock, valued at approximately $206,000.
A number of other large investors have also modified their holdings of EMR. Northwest Quadrant Wealth Management LLC purchased a new position in shares of Emerson Electric during the fourth quarter valued at about $111,000. Financial Architects Inc boosted its position in shares of Emerson Electric by 15.9% in the third quarter. Financial Architects Inc now owns 1,964 shares of the industrial products company’s stock valued at $108,000 after buying an additional 270 shares during the last quarter. Elgethun Capital Management purchased a new position in shares of Emerson Electric during the fourth quarter valued at about $114,000. RidgeWorth Capital Management LLC boosted its position in shares of Emerson Electric by 23.1% in the fourth quarter. RidgeWorth Capital Management LLC now owns 2,183 shares of the industrial products company’s stock valued at $122,000 after buying an additional 410 shares during the last quarter. Finally, Arcadia Investment Management Corp MI boosted its position in shares of Emerson Electric by 8.3% in the third quarter. Arcadia Investment Management Corp MI now owns 2,471 shares of the industrial products company’s stock valued at $135,000 after buying an additional 190 shares during the last quarter. 71.04% of the stock is owned by institutional investors and hedge funds.
Shares of Emerson Electric Co. (NYSE:EMR) traded down 0.245% during trading on Friday, hitting $59.025. The stock had a trading volume of 1,148,078 shares. The company has a market cap of $38.07 billion, a PE ratio of 23.945 and a beta of 1.17. Emerson Electric Co. has a 12-month low of $48.45 and a 12-month high of $64.37. The stock’s 50 day moving average is $59.45 and its 200-day moving average is $56.94.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, February 7th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.07. Emerson Electric had a net margin of 8.50% and a return on equity of 24.26%. The company earned $3.20 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the prior year, the company earned $0.56 earnings per share. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. Analysts forecast that Emerson Electric Co. will post $2.59 earnings per share for the current year.
EMR has been the subject of several research analyst reports. Berenberg Bank restated a “sell” rating and issued a $53.00 price objective on shares of Emerson Electric in a research note on Wednesday, February 22nd. Royal Bank of Canada reiterated a “hold” rating and set a $55.00 price target on shares of Emerson Electric in a research report on Wednesday, February 8th. Zacks Investment Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Thursday, March 2nd. Goldman Sachs Group Inc upgraded Emerson Electric from a “sell” rating to a “neutral” rating and set a $60.00 price target for the company in a research report on Friday, January 27th. Finally, Bank of America Corp upgraded Emerson Electric from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $45.00 to $60.00 in a research report on Monday, January 9th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $55.46.
In other Emerson Electric news, VP Steven J. Pelch sold 7,839 shares of the company’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $63.31, for a total transaction of $496,287.09. Following the completion of the sale, the vice president now directly owns 72,647 shares in the company, valued at $4,599,281.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.79% of the stock is owned by corporate insiders.
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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