Emerson Electric Company (EMR) Shares Bought by Capital City Trust Co. FL
Capital City Trust Co. FL increased its position in shares of Emerson Electric Company (NYSE:EMR) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,709 shares of the industrial products company’s stock after purchasing an additional 783 shares during the quarter. Capital City Trust Co. FL’s holdings in Emerson Electric were worth $1,050,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in EMR. Vanguard Group Inc. lifted its stake in Emerson Electric by 1.1% in the second quarter. Vanguard Group Inc. now owns 44,195,877 shares of the industrial products company’s stock valued at $2,634,958,000 after buying an additional 497,625 shares during the last quarter. BlackRock Inc. lifted its stake in Emerson Electric by 1.9% in the second quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock valued at $2,441,728,000 after buying an additional 778,791 shares during the last quarter. Longview Partners Guernsey LTD lifted its stake in Emerson Electric by 9.0% in the third quarter. Longview Partners Guernsey LTD now owns 13,758,325 shares of the industrial products company’s stock valued at $864,573,000 after buying an additional 1,134,275 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Emerson Electric by 4.7% in the third quarter. Bank of New York Mellon Corp now owns 13,355,963 shares of the industrial products company’s stock valued at $839,288,000 after buying an additional 597,993 shares during the last quarter. Finally, Capital World Investors lifted its stake in Emerson Electric by 4.6% in the second quarter. Capital World Investors now owns 11,450,000 shares of the industrial products company’s stock valued at $682,649,000 after buying an additional 500,000 shares during the last quarter. Hedge funds and other institutional investors own 69.18% of the company’s stock.
A number of research firms have issued reports on EMR. Stifel Nicolaus reiterated a “buy” rating on shares of Emerson Electric in a research note on Thursday, October 12th. Edward Jones lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Cowen raised Emerson Electric to a “buy” rating and set a $71.00 price target on the stock in a report on Monday, October 23rd. Wells Fargo & Co reissued a “market perform” rating and set a $73.00 price target (up from $65.00) on shares of Emerson Electric in a report on Thursday. Finally, Zacks Investment Research raised Emerson Electric from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. Emerson Electric presently has a consensus rating of “Hold” and an average price target of $66.43.
In related news, COO Edgar M. Purvis, Jr. sold 9,490 shares of Emerson Electric stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $65.74, for a total transaction of $623,872.60. Following the transaction, the chief operating officer now directly owns 168,984 shares of the company’s stock, valued at $11,109,008.16. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Bell Katherine Button sold 7,518 shares of Emerson Electric stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $66.36, for a total value of $498,894.48. Following the transaction, the vice president now directly owns 36,877 shares in the company, valued at $2,447,157.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,017 shares of company stock worth $1,771,129. 0.79% of the stock is owned by corporate insiders.
Emerson Electric Company (NYSE EMR) opened at $73.45 on Friday. The company has a market capitalization of $47,140.00, a price-to-earnings ratio of 28.69, a PEG ratio of 2.68 and a beta of 1.24. Emerson Electric Company has a fifty-two week low of $56.77 and a fifty-two week high of $74.45. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43.
Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 return on equity of 20.47% and a net margin of 9.94%. Emerson Electric’s revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 earnings per share. sell-side analysts predict that Emerson Electric Company will post 2.92 EPS for the current fiscal year.
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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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