Tower Bridge Advisors Has $7.39 Million Position in Emerson Electric Co. (EMR)

Tower Bridge Advisors boosted its position in Emerson Electric Co. (NYSE:EMR) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,547 shares of the industrial products company’s stock after acquiring an additional 1,446 shares during the quarter. Tower Bridge Advisors’ holdings in Emerson Electric were worth $7,394,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. BTIM Corp. raised its holdings in Emerson Electric by 0.3% in the third quarter. BTIM Corp. now owns 571,802 shares of the industrial products company’s stock valued at $43,788,000 after acquiring an additional 1,925 shares in the last quarter. Savant Capital LLC acquired a new stake in Emerson Electric in the third quarter valued at approximately $212,000. Cambridge Trust Co. raised its holdings in Emerson Electric by 2.0% in the third quarter. Cambridge Trust Co. now owns 189,549 shares of the industrial products company’s stock valued at $14,516,000 after acquiring an additional 3,682 shares in the last quarter. Northwest Investment Counselors LLC raised its holdings in Emerson Electric by 1.7% in the third quarter. Northwest Investment Counselors LLC now owns 47,563 shares of the industrial products company’s stock valued at $3,642,000 after acquiring an additional 776 shares in the last quarter. Finally, Calamos Advisors LLC raised its holdings in Emerson Electric by 2.4% in the third quarter. Calamos Advisors LLC now owns 615,178 shares of the industrial products company’s stock valued at $47,110,000 after acquiring an additional 14,422 shares in the last quarter. 70.45% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently weighed in on the stock. Barclays raised their target price on shares of Emerson Electric from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, August 9th. Zacks Investment Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Monday, August 6th. UBS Group raised their price objective on shares of Emerson Electric from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, August 30th. Deutsche Bank set a $81.00 price objective on shares of Emerson Electric and gave the stock a “buy” rating in a report on Thursday, July 12th. Finally, MED raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a report on Thursday, July 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $78.67.

In other news, President Edward L. Monser sold 30,000 shares of Emerson Electric stock in a transaction on Friday, September 7th. The shares were sold at an average price of $75.84, for a total value of $2,275,200.00. Following the transaction, the president now directly owns 176,477 shares of the company’s stock, valued at approximately $13,384,015.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Steven J. Pelch sold 6,409 shares of Emerson Electric stock in a transaction on 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 sold a total of 96,409 shares of company stock worth $7,317,004 over the last ninety days. Corporate insiders own 0.84% of the company’s stock.

EMR stock traded down $3.18 during midday trading on Tuesday, reaching $68.54. 3,135,135 shares of the company were exchanged, compared to its average volume of 3,090,653. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.37. Emerson Electric Co. has a 1-year low of $57.47 and a 1-year high of $79.70. The stock has a market cap of $45.42 billion, a P/E ratio of 25.96, a PEG ratio of 1.89 and a beta of 1.15.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, August 7th. The industrial products company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. On average, equities research analysts predict that Emerson Electric Co. will post 3.22 earnings per share for the current year.

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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