Assetmark Inc. Grows Stake in Emerson Electric Co. $EMR

Assetmark Inc. boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 20.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 12,620 shares of the industrial products company’s stock after buying an additional 2,167 shares during the period. Assetmark Inc.’s holdings in Emerson Electric were worth $1,683,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Saudi Central Bank purchased a new position in shares of Emerson Electric in the 1st quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Emerson Electric in the 1st quarter valued at $27,000. PFS Partners LLC increased its holdings in shares of Emerson Electric by 65.9% in the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 108 shares during the period. Princeton Global Asset Management LLC purchased a new position in shares of Emerson Electric in the 2nd quarter valued at $38,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Emerson Electric by 436.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 288 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Shares of EMR opened at $137.71 on Wednesday. The stock has a 50-day moving average of $132.50 and a two-hundred day moving average of $129.29. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The stock has a market cap of $77.50 billion, a P/E ratio of 29.62, a P/E/G ratio of 2.36 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $3.16 billion during the quarter. As a group, research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Wall Street Analyst Weigh In

EMR has been the topic of a number of analyst reports. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Wells Fargo & Company reissued an “equal weight” rating and issued a $140.00 price objective (down previously from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Wolfe Research lowered their price objective on Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. Finally, TD Cowen raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.28.

Emerson Electric Profile

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.