Emerson Electric Co. (NYSE:EMR) Shares Sold by Country Club Bank

Country Club Bank trimmed its position in Emerson Electric Co. (NYSE:EMRFree Report) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,113 shares of the industrial products company’s stock after selling 321 shares during the period. Country Club Bank’s holdings in Emerson Electric were worth $8,836,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of EMR. Pathway Financial Advisers LLC boosted its stake in Emerson Electric by 10,993.2% in the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock valued at $226,443,000 after acquiring an additional 2,051,764 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after buying an additional 2,016,075 shares during the period. State Street Corp lifted its stake in shares of Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after buying an additional 1,507,980 shares during the period. Swedbank AB lifted its stake in shares of Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after buying an additional 1,424,800 shares during the period. Finally, Perpetual Ltd lifted its stake in shares of Emerson Electric by 57,336.1% during the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock worth $131,918,000 after buying an additional 1,204,058 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on EMR. Robert W. Baird lifted their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Daiwa Capital Markets began coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective for the company. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Jefferies Financial Group began coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price for the company. Finally, KeyCorp boosted their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.45.

Read Our Latest Report on EMR

Emerson Electric Stock Up 0.1 %

EMR stock opened at $127.92 on Wednesday. The stock has a market capitalization of $72.85 billion, a P/E ratio of 37.40, a P/E/G ratio of 2.22 and a beta of 1.34. The firm has a 50-day simple moving average of $127.04 and a 200-day simple moving average of $116.52. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 52 week low of $92.16 and a 52 week high of $134.85.

Emerson Electric (NYSE:EMRGet Free Report) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 11.25% and a return on equity of 11.73%. Equities analysts forecast that Emerson Electric Co. will post 5.91 earnings per share for the current fiscal year.

About Emerson Electric

(Free Report)

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.

See Also

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

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