Calamos Advisors LLC reduced its stake in shares of Emerson Electric Company (NYSE:EMR) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,450 shares of the industrial products company’s stock after selling 749 shares during the quarter. Calamos Advisors LLC’s holdings in Emerson Electric were worth $3,962,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in EMR. Vanguard Group Inc. raised its stake in Emerson Electric by 5.8% during the first quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock worth $2,615,777,000 after acquiring an additional 2,404,844 shares in the last quarter. Prudential Financial Inc. raised its stake in Emerson Electric by 135.9% during the first quarter. Prudential Financial Inc. now owns 2,963,124 shares of the industrial products company’s stock worth $177,372,000 after acquiring an additional 1,706,810 shares in the last quarter. Pictet Asset Management Ltd. raised its stake in Emerson Electric by 217.1% during the second quarter. Pictet Asset Management Ltd. now owns 2,460,762 shares of the industrial products company’s stock worth $145,480,000 after acquiring an additional 1,684,786 shares in the last quarter. Bank of Nova Scotia grew its holdings in shares of Emerson Electric by 3,745.5% during the first quarter. Bank of Nova Scotia now owns 561,400 shares of the industrial products company’s stock worth $33,771,000 after purchasing an additional 546,801 shares during the last quarter. Finally, Longview Partners Guernsey LTD grew its holdings in shares of Emerson Electric by 4.4% during the second quarter. Longview Partners Guernsey LTD now owns 12,624,050 shares of the industrial products company’s stock worth $752,646,000 after purchasing an additional 526,712 shares during the last quarter. Hedge funds and other institutional investors own 69.98% of the company’s stock.

Shares of Emerson Electric Company (EMR) opened at $64.10 on Friday. The stock has a market capitalization of $40.72 billion, a P/E ratio of 23.48, a PEG ratio of 2.89 and a beta of 1.24. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.47.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.04. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. equities research analysts predict that Emerson Electric Company will post 2.64 earnings per share for the current fiscal year.

Several analysts have recently commented on the company. Zacks Investment Research upgraded Emerson Electric from a “sell” rating to a “hold” rating in a report on Tuesday. Cowen and Company upgraded Emerson Electric to a “buy” rating and set a $71.00 target price on the stock in a report on Monday, October 23rd. Bank of America Corporation upgraded Emerson Electric from a “neutral” rating to a “buy” rating and increased their target price for the stock from $64.44 to $79.00 in a report on Tuesday, October 17th. Stifel Nicolaus restated a “buy” rating on shares of Emerson Electric in a report on Thursday, October 12th. Finally, Citigroup Inc restated 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. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $62.86.

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In related news, insider Robert T. Sharp sold 2,000 shares of Emerson Electric stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $58.99, for a total value of $117,980.00. Following the sale, the insider now owns 64,290 shares of the company’s stock, valued at approximately $3,792,467.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.79% of the stock is currently owned by company insiders.

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.

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

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