Emerson Electric Co. $EMR is RNC Capital Management LLC’s 9th Largest Position

RNC Capital Management LLC lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 464,613 shares of the industrial products company’s stock after buying an additional 5,193 shares during the period. Emerson Electric makes up 2.8% of RNC Capital Management LLC’s portfolio, making the stock its 9th biggest position. RNC Capital Management LLC owned about 0.08% of Emerson Electric worth $61,663,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of EMR. Darwin Wealth Management LLC purchased a new stake in Emerson Electric in the second quarter worth approximately $29,000. Ares Financial Consulting LLC purchased a new stake in Emerson Electric during the 4th quarter valued at $29,000. Steph & Co. bought a new position in shares of Emerson Electric during the 4th quarter valued at $33,000. Wealth Watch Advisors INC purchased a new position in shares of Emerson Electric in the 3rd quarter worth $33,000. Finally, Ameriflex Group Inc. grew its holdings in shares of Emerson Electric by 96.4% in the third quarter. Ameriflex Group Inc. now owns 326 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 160 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $135.62 on Tuesday. The company has a market capitalization of $76.22 billion, a P/E ratio of 33.16, a P/E/G ratio of 2.19 and a beta of 1.26. Emerson Electric Co. has a 1-year low of $106.53 and a 1-year high of $165.15. The firm’s 50 day simple moving average is $138.85 and its two-hundred day simple moving average is $138.98. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.62.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.41 by $0.05. The firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.37 billion. Emerson Electric had a net margin of 12.72% and a return on equity of 17.25%. The company’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm earned $1.38 EPS. Research analysts expect that Emerson Electric Co. will post 6.5 EPS for the current fiscal year.

Insider Buying and Selling at Emerson Electric

In related news, VP Nicholas J. Piazza sold 6,703 shares of Emerson Electric stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $159.07, for a total transaction of $1,066,246.21. Following the sale, the vice president owned 31,664 shares of the company’s stock, valued at approximately $5,036,792.48. This trade represents a 17.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew S. Levatich sold 1,476 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $162.16, for a total value of $239,348.16. Following the completion of the transaction, the director directly owned 24,349 shares in the company, valued at approximately $3,948,433.84. This represents a 5.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,879 shares of company stock valued at $2,116,818 over the last ninety days. 0.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EMR shares. Evercore increased their target price on Emerson Electric from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Weiss Ratings lowered shares of Emerson Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 4th. Morgan Stanley increased their price objective on shares of Emerson Electric from $115.00 to $125.00 and gave the stock an “underweight” rating in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft lowered shares of Emerson Electric from a “buy” rating to a “hold” rating and set a $170.00 target price for the company. in a research report on Thursday, February 5th. Finally, Barclays reduced their target price on shares of Emerson Electric from $145.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $162.38.

Emerson Electric Company Profile

Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.

Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.