Gulf International Bank UK Ltd reduced its position in Emerson Electric Co. (NYSE:EMR) by 0.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,241 shares of the industrial products company’s stock after selling 985 shares during the period. Gulf International Bank UK Ltd’s holdings in Emerson Electric were worth $10,560,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harvey Investment Co. LLC acquired a new position in Emerson Electric during the 1st quarter worth approximately $368,000. Headinvest LLC lifted its position in Emerson Electric by 97.0% during the 4th quarter. Headinvest LLC now owns 155,257 shares of the industrial products company’s stock worth $9,277,000 after acquiring an additional 76,427 shares in the last quarter. Piedmont Investment Advisors Inc. lifted its position in Emerson Electric by 7.0% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 43,515 shares of the industrial products company’s stock worth $2,600,000 after acquiring an additional 2,854 shares in the last quarter. Pioneer Trust Bank N A OR lifted its position in Emerson Electric by 5.3% during the 1st quarter. Pioneer Trust Bank N A OR now owns 7,579 shares of the industrial products company’s stock worth $519,000 after acquiring an additional 379 shares in the last quarter. Finally, Pinnacle Bank acquired a new position in Emerson Electric during the 4th quarter worth approximately $478,000. 72.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of EMR opened at $72.51 on Friday. Emerson Electric Co. has a 52-week low of $55.38 and a 52-week high of $79.70. The company has a market capitalization of $44.57 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 2.27 and a beta of 1.24. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.08. Emerson Electric had a return on equity of 24.21% and a net margin of 12.83%. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period in the prior year, the company posted $0.61 EPS. Emerson Electric’s quarterly revenue was up 8.7% on a year-over-year basis. Sell-side analysts expect that Emerson Electric Co. will post 3.7 earnings per share for the current fiscal year.

Several research firms recently commented on EMR. Citigroup raised Emerson Electric from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $67.00 to $81.00 in a research report on Monday, April 8th. Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Tuesday, April 2nd. Credit Suisse Group upped their target price on Emerson Electric from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, February 6th. Morgan Stanley set a $77.00 target price on Emerson Electric and gave the company a “buy” rating in a research report on Friday, February 8th. Finally, Stephens reaffirmed a “buy” rating and issued a $68.00 target price on shares of Emerson Electric in a research report on Sunday, January 6th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $76.61.

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About Emerson Electric

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

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