D L Carlson Investment Group Inc. boosted its stake in shares of Emerson Electric Company (NYSE:EMR) by 17.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 81,862 shares of the industrial products company’s stock after buying an additional 11,892 shares during the period. Emerson Electric comprises 1.4% of D L Carlson Investment Group Inc.’s investment portfolio, making the stock its 17th largest holding. D L Carlson Investment Group Inc.’s holdings in Emerson Electric were worth $4,881,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fagan Associates Inc. raised its holdings in Emerson Electric by 19.3% during the 2nd quarter. Fagan Associates Inc. now owns 5,975 shares of the industrial products company’s stock worth $356,000 after buying an additional 968 shares during the period. Pinnacle Wealth Management Advisory Group LLC raised its holdings in Emerson Electric by 6.6% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,075 shares of the industrial products company’s stock worth $601,000 after buying an additional 620 shares during the period. Andra AP fonden raised its holdings in Emerson Electric by 5.2% during the 2nd quarter. Andra AP fonden now owns 95,300 shares of the industrial products company’s stock worth $5,682,000 after buying an additional 4,700 shares during the period. Lipe & Dalton raised its holdings in Emerson Electric by 1.3% during the 2nd quarter. Lipe & Dalton now owns 42,125 shares of the industrial products company’s stock worth $2,511,000 after buying an additional 560 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Emerson Electric by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock worth $2,615,777,000 after buying an additional 2,404,844 shares during the period. Hedge funds and other institutional investors own 69.98% of the company’s stock.

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

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ 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 analysts anticipate that Emerson Electric Company will post 2.64 earnings per share for the current year.

EMR has been the topic of several recent analyst reports. Citigroup Inc restated a “sell” rating and set a $61.00 price objective (up previously from $58.00) on shares of Emerson Electric in a report on Monday, October 9th. Cowen and Company upgraded Emerson Electric from a “market perform” rating to an “outperform” rating in a report on Tuesday, October 17th. Bank of America Corporation upgraded Emerson Electric from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $64.44 to $79.00 in a report on Tuesday, October 17th. Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 target price on shares of Emerson Electric in a research note on Wednesday, July 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Emerson Electric in a research note on Tuesday, July 11th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $62.86.

In related news, insider Robert T. Sharp sold 2,000 shares of the business’s 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 completion of 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 document filed with the SEC, which is available at this link. Insiders own 0.79% of the company’s stock.

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Emerson Electric 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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