Westbourne Investment Advisors Inc. Takes Position in Emerson Electric Co. (EMR)

Westbourne Investment Advisors Inc. bought a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,600 shares of the industrial products company’s stock, valued at approximately $276,000.

Several other hedge funds have also made changes to their positions in the company. Bank of America Corp DE boosted its holdings in shares of Emerson Electric by 1.8% during the 2nd quarter. Bank of America Corp DE now owns 23,145,471 shares of the industrial products company’s stock valued at $1,600,277,000 after buying an additional 417,445 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Emerson Electric by 0.9% during the 2nd quarter. Northern Trust Corp now owns 9,540,319 shares of the industrial products company’s stock valued at $659,617,000 after buying an additional 80,807 shares in the last quarter. American Century Companies Inc. boosted its stake in Emerson Electric by 1.1% in the 2nd quarter. American Century Companies Inc. now owns 4,594,851 shares of the industrial products company’s stock worth $317,688,000 after purchasing an additional 51,585 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Emerson Electric by 1.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,168,307 shares of the industrial products company’s stock worth $288,197,000 after purchasing an additional 62,727 shares in the last quarter. Finally, FMR LLC boosted its stake in Emerson Electric by 22.2% in the 2nd quarter. FMR LLC now owns 3,430,748 shares of the industrial products company’s stock worth $237,202,000 after purchasing an additional 622,701 shares in the last quarter. Hedge funds and other institutional investors own 70.35% of the company’s stock.

EMR traded down $1.54 during midday trading on Thursday, hitting $72.46. 207,016 shares of the company traded hands, compared to its average volume of 3,079,497. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 1.23. The stock has a market capitalization of $48.13 billion, a P/E ratio of 28.06, a P/E/G ratio of 2.25 and a beta of 1.15. Emerson Electric Co. has a 52 week low of $57.47 and a 52 week high of $79.70.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, August 7th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.02. The business had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.47 billion. Emerson Electric had a net margin of 12.33% and a return on equity of 22.83%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 EPS. Research analysts forecast that Emerson Electric Co. will post 3.19 EPS for the current fiscal year.

A number of brokerages recently issued reports on EMR. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Thursday, July 19th. MED upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a research note on Thursday, July 12th. Barclays upped their price target on shares of Emerson Electric from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, August 9th. Credit Suisse Group began coverage on shares of Emerson Electric in a research note on Friday, October 12th. They issued a “neutral” rating and a $78.00 price target on the stock. Finally, Robert W. Baird reiterated a “hold” rating and issued a $76.00 price target on shares of Emerson Electric in a research note on Friday, July 20th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $78.67.

In other Emerson Electric news, President Edward L. Monser sold 60,000 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $76.10, for a total transaction of $4,566,000.00. Following the transaction, the president now owns 176,477 shares in the company, valued at approximately $13,429,899.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Steven J. Pelch sold 6,409 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $74.24, for a total transaction of $475,804.16. The disclosure for this sale can be found here. Insiders have sold a total of 96,409 shares of company stock worth $7,317,004 in the last 90 days. Company insiders own 0.84% of the company’s stock.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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

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