Emerson Electric Company (EMR) Holdings Cut by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. trimmed its holdings in shares of Emerson Electric Company (NYSE:EMR) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,821,919 shares of the industrial products company’s stock after selling 60,882 shares during the period. Epoch Investment Partners Inc. owned about 0.44% of Emerson Electric worth $177,329,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Private Advisor Group LLC increased its stake in shares of Emerson Electric by 10.5% in the third quarter. Private Advisor Group LLC now owns 65,574 shares of the industrial products company’s stock worth $4,176,000 after buying an additional 6,246 shares during the last quarter. BB&T Investment Services Inc. increased its stake in shares of Emerson Electric by 81.3% in the third quarter. BB&T Investment Services Inc. now owns 10,923 shares of the industrial products company’s stock worth $708,000 after buying an additional 4,899 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Emerson Electric by 0.4% in the third quarter. Stifel Financial Corp now owns 1,563,659 shares of the industrial products company’s stock worth $98,280,000 after buying an additional 5,912 shares during the last quarter. Tredje AP fonden increased its stake in Emerson Electric by 7.4% during the third quarter. Tredje AP fonden now owns 53,428 shares of the industrial products company’s stock valued at $3,357,000 after purchasing an additional 3,680 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its stake in Emerson Electric by 32.1% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 51,850 shares of the industrial products company’s stock valued at $3,258,000 after purchasing an additional 12,605 shares during the last quarter. 69.18% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Bell Katherine Button sold 7,518 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $66.36, for a total value of $498,894.48. Following the completion of the sale, the vice president now directly owns 36,877 shares in the company, valued at $2,447,157.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Frank J. Dellaquila sold 2,100 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the completion of the sale, the vice president now owns 178,743 shares of the company’s stock, valued at $11,577,184.11. The disclosure for this sale can be found here. Insiders sold 27,017 shares of company stock valued at $1,771,129 over the last 90 days. 0.84% of the stock is currently owned by corporate insiders.

Several equities analysts have recently issued reports on EMR shares. Vertical Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Tuesday, January 2nd. Edward Jones downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Cowen raised shares of Emerson Electric to a “buy” rating and set a $71.00 price objective for the company in a report on Monday, October 23rd. Royal Bank of Canada reaffirmed a “neutral” rating on shares of Emerson Electric in a report on Thursday, November 9th. Finally, Citigroup reaffirmed a “sell” rating and issued a $61.00 price objective (up previously from $58.00) on shares of Emerson Electric in a report on Monday, October 9th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. Emerson Electric presently has an average rating of “Hold” and a consensus target price of $65.86.

Shares of Emerson Electric Company (EMR) opened at $72.83 on Wednesday. Emerson Electric Company has a 12-month low of $56.00 and a 12-month high of $74.45. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $47,201.54, a P/E ratio of 30.99, a price-to-earnings-growth ratio of 2.72 and a beta of 1.24.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, meeting the consensus estimate of $0.83. The company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.43 billion. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. Emerson Electric’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 earnings per share. equities analysts forecast that Emerson Electric Company will post 2.92 EPS for the current fiscal year.

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Emerson Electric Company Profile

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

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

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