Boenning & Scattergood Inc. Purchases 2,463 Shares of Emerson Electric Co. (NYSE:EMR)
Boenning & Scattergood Inc. grew its position in Emerson Electric Co. (NYSE:EMR) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,576 shares of the industrial products company’s stock after purchasing an additional 2,463 shares during the quarter. Emerson Electric makes up approximately 1.0% of Boenning & Scattergood Inc.’s portfolio, making the stock its 19th largest holding. Boenning & Scattergood Inc.’s holdings in Emerson Electric were worth $3,781,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Gradient Investments LLC increased its position in Emerson Electric by 164.4% during the third quarter. Gradient Investments LLC now owns 386 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 240 shares during the period. Candriam Luxembourg S.C.A. boosted its stake in Emerson Electric by 12.8% during the third quarter. Candriam Luxembourg S.C.A. now owns 382,028 shares of the industrial products company’s stock worth $26,000 after buying an additional 43,374 shares in the last quarter. Ellevest Inc. boosted its stake in Emerson Electric by 110.0% during the second quarter. Ellevest Inc. now owns 420 shares of the industrial products company’s stock worth $28,000 after buying an additional 220 shares in the last quarter. Garrett Wealth Advisory Group LLC acquired a new stake in Emerson Electric during the third quarter worth $31,000. Finally, Massey Quick Simon & CO. LLC boosted its stake in Emerson Electric by 1,823.1% during the third quarter. Massey Quick Simon & CO. LLC now owns 500 shares of the industrial products company’s stock worth $33,000 after buying an additional 474 shares in the last quarter. 70.55% of the stock is currently owned by institutional investors.
A number of equities research analysts have weighed in on EMR shares. Barclays lifted their price target on shares of Emerson Electric from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Monday. They noted that the move was a valuation call. Cowen downgraded shares of Emerson Electric from an “outperform” rating to a “market perform” rating and set a $72.00 price target on the stock. in a research note on Wednesday, November 6th. Deutsche Bank reduced their target price on shares of Emerson Electric from $82.00 to $81.00 and set a “buy” rating on the stock in a research note on Wednesday, December 4th. HSBC downgraded shares of Emerson Electric from a “hold” rating to a “reduce” rating and set a $64.00 target price on the stock. in a research note on Thursday, November 14th. Finally, Credit Suisse Group upgraded shares of Emerson Electric from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $76.25.
Shares of Emerson Electric stock traded up $0.07 during trading on Wednesday, reaching $76.94. The company’s stock had a trading volume of 782,996 shares, compared to its average volume of 2,571,439. The stock has a 50-day moving average price of $75.87 and a two-hundred day moving average price of $68.18. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.52. Emerson Electric Co. has a one year low of $55.98 and a one year high of $77.98. The stock has a market capitalization of $46.87 billion, a P/E ratio of 20.85, a price-to-earnings-growth ratio of 2.67 and a beta of 1.38.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.07. Emerson Electric had a return on equity of 26.32% and a net margin of 12.55%. The business had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $5.02 billion. During the same period in the previous year, the business posted $0.89 earnings per share. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 3.63 EPS for the current fiscal year.
Emerson Electric Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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