Hotaling Investment Management LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,028 shares of the industrial products company’s stock, valued at approximately $480,000.
A number of other institutional investors have also made changes to their positions in EMR. FMR LLC increased its holdings 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 valued at $237,202,000 after buying an additional 622,701 shares during the period. Federated Investors Inc. PA grew its holdings in shares of Emerson Electric by 7.5% in the 2nd quarter. Federated Investors Inc. PA now owns 11,533 shares of the industrial products company’s stock worth $798,000 after purchasing an additional 806 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its holdings in shares of Emerson Electric by 362.9% in the 2nd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 16,200 shares of the industrial products company’s stock worth $1,120,000 after purchasing an additional 12,700 shares during the last quarter. Global X Management Co LLC grew its holdings in shares of Emerson Electric by 10.9% in the 2nd quarter. Global X Management Co LLC now owns 93,683 shares of the industrial products company’s stock worth $6,477,000 after purchasing an additional 9,191 shares during the last quarter. Finally, Andra AP fonden bought a new stake in shares of Emerson Electric in the 2nd quarter worth about $4,121,000. 70.47% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on EMR. Zacks Investment Research lowered shares of Emerson Electric from a “hold” rating to a “sell” rating in a report on Tuesday, November 13th. Robert W. Baird lowered their target price on shares of Emerson Electric from $80.00 to $78.00 and set a “neutral” rating on the stock in a report on Monday, November 12th. ValuEngine lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, December 12th. Cowen reiterated a “buy” rating and set a $81.00 price target on shares of Emerson Electric in a research report on Tuesday, November 6th. Finally, Stephens assumed coverage on shares of Emerson Electric in a research report on Monday, November 19th. They set an “overweight” rating and a $80.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Emerson Electric currently has a consensus rating of “Buy” and an average price target of $74.86.
Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). Emerson Electric had a net margin of 12.65% and a return on equity of 23.06%. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.91 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, analysts forecast that Emerson Electric Co. will post 3.65 earnings per share for the current year.
In other Emerson Electric news, insider Surendralal Lanca Karsanbhai sold 9,070 shares of the company’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $68.00, for a total transaction of $616,760.00. Following the transaction, the insider now directly owns 20,000 shares in the company, valued at approximately $1,360,000. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.07% of the company’s stock.
About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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