38,133 Shares of Emerson Electric Co. $EMR Bought by First Nebraska Trust Co

First Nebraska Trust Co acquired a new stake in Emerson Electric Co. (NYSE:EMR) in the third quarter, Holdings Channel.com reports. The fund acquired 38,133 shares of the industrial products company’s stock, valued at approximately $5,914,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EMR. BlackRock Inc. acquired a new position in Emerson Electric in the 2nd quarter valued at about $6,193,425,000. Bank of America Corp DE purchased a new stake in shares of Emerson Electric in the 2nd quarter valued at approximately $2,629,146,000. Bank of New York Mellon Corp purchased a new stake in shares of Emerson Electric in the 2nd quarter valued at approximately $659,000,000. Legal & General Group Plc acquired a new stake in shares of Emerson Electric during the 2nd quarter worth approximately $613,846,000. Finally, Jupiter Topco LLC acquired a new stake in shares of Emerson Electric during the 2nd quarter worth approximately $260,485,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Surendralal Karsanbhai sold 9,650 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the sale, the chief executive officer directly owned 271,743 shares of the company’s stock, valued at $43,997,909.13. This represents a 3.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.23% of the stock is currently owned by insiders.

Emerson Electric Stock Up 0.2%

Shares of NYSE:EMR opened at $166.37 on Wednesday. The firm has a market capitalization of $93.19 billion, a PE ratio of 36.41, a price-to-earnings-growth ratio of 2.31 and a beta of 1.23. Emerson Electric Co. has a 1 year low of $122.64 and a 1 year high of $171.25. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.90 and a quick ratio of 0.66. The firm’s 50-day moving average is $157.41 and its two-hundred day moving average is $147.35.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.68 by $0.03. The business had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.80 billion. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.52 earnings per share. Analysts predict that Emerson Electric Co. will post 6.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on EMR shares. Deutsche Bank Aktiengesellschaft upped their price objective on Emerson Electric from $169.00 to $174.00 and gave the company a “hold” rating in a report on Wednesday, September 30th. Wall Street Zen raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Mizuho lifted their target price on Emerson Electric from $173.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, October 15th. Citigroup upped their price target on Emerson Electric from $174.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, BNP Paribas Exane increased their price target on Emerson Electric from $180.00 to $185.00 in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $171.96.

Emerson Electric Profile

Emerson Electric Co (NYSE: EMR) is a global technology and engineering company that provides automation, control, and industrial technology solutions. Its offerings include measurement and analytical instruments, control systems, valves, regulators, software, and related services used to improve the safety, efficiency, and reliability of industrial operations.

The company serves customers across industries such as energy, chemicals, life sciences, food and beverage, manufacturing, and commercial and residential applications.