BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its holdings in shares of Emerson Electric Company (NYSE:EMR) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 253,244 shares of the industrial products company’s stock after selling 6,000 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Emerson Electric were worth $15,914,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Intellectus Partners LLC increased its holdings in Emerson Electric by 0.3% during the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 7 shares during the period. RB Capital Management LLC increased its holdings in Emerson Electric by 0.6% during the 2nd quarter. RB Capital Management LLC now owns 4,475 shares of the industrial products company’s stock worth $267,000 after acquiring an additional 26 shares during the period. Parallel Advisors LLC increased its holdings in Emerson Electric by 0.5% during the 2nd quarter. Parallel Advisors LLC now owns 4,892 shares of the industrial products company’s stock worth $292,000 after acquiring an additional 26 shares during the period. Busey Trust CO increased its holdings in Emerson Electric by 0.5% during the 2nd quarter. Busey Trust CO now owns 6,834 shares of the industrial products company’s stock worth $407,000 after acquiring an additional 31 shares during the period. Finally, Stock Yards Bank & Trust Co. increased its holdings in Emerson Electric by 0.6% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 6,978 shares of the industrial products company’s stock worth $416,000 after acquiring an additional 41 shares during the period. Institutional investors own 69.18% of the company’s stock.

Emerson Electric Company (EMR) opened at $72.59 on Thursday. The company has a market cap of $46,590.00, a price-to-earnings ratio of 28.36, a PEG ratio of 3.25 and a beta of 1.24. Emerson Electric Company has a twelve month low of $56.00 and a twelve month high of $72.70. The company has a quick ratio of 1.30, a current ratio of 1.64 and a debt-to-equity ratio of 0.43.

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

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

A number of analysts recently weighed in on the stock. Cowen raised shares of Emerson Electric from a “market perform” rating to an “outperform” rating in a report on Tuesday, October 17th. Zacks Investment Research raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. JPMorgan Chase & Co. assumed coverage on shares of Emerson Electric in a report on Wednesday, November 29th. They set a “neutral” rating on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $72.00 target price (up previously from $68.00) on shares of Emerson Electric in a report on Thursday, November 9th. Finally, Citigroup reaffirmed a “sell” rating and set a $61.00 target price (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 assigned a hold rating and five have given a buy rating to the company. Emerson Electric currently has an average rating of “Hold” and a consensus target price of $65.86.

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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.

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

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