Institutional & Family Asset Management LLC reduced its stake in shares of Emerson Electric Company (NYSE:EMR) by 2.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 65,071 shares of the industrial products company’s stock after selling 1,402 shares during the period. Institutional & Family Asset Management LLC’s holdings in Emerson Electric were worth $4,089,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Intellectus Partners LLC grew its holdings in shares of Emerson Electric by 0.3% during the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 7 shares in the last quarter. RB Capital Management LLC lifted its stake in shares of Emerson Electric by 0.6% in the 2nd quarter. RB Capital Management LLC now owns 4,475 shares of the industrial products company’s stock valued at $267,000 after purchasing an additional 26 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Emerson Electric by 0.5% in the 2nd quarter. Parallel Advisors LLC now owns 4,892 shares of the industrial products company’s stock valued at $292,000 after purchasing an additional 26 shares during the last quarter. Busey Trust CO lifted its stake in shares of Emerson Electric by 0.5% in the 2nd quarter. Busey Trust CO now owns 6,834 shares of the industrial products company’s stock valued at $407,000 after purchasing an additional 31 shares during the last quarter. Finally, Wayne Hummer Investments L.L.C. lifted its stake in shares of Emerson Electric by 0.4% in the 2nd quarter. Wayne Hummer Investments L.L.C. now owns 18,502 shares of the industrial products company’s stock valued at $1,103,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 69.18% of the company’s stock.

Several equities research analysts recently issued reports on EMR shares. Edward Jones lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $65.00 price objective (up previously from $60.00) on shares of Emerson Electric in a research note on Wednesday, November 8th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Emerson Electric in a research note on Thursday, October 12th. Bank of America raised shares of Emerson Electric from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $64.44 to $79.00 in a research note on Tuesday, October 17th. Finally, Cowen reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Emerson Electric in a research note on Wednesday, December 20th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. Emerson Electric presently has an average rating of “Hold” and an average price target of $65.86.

Emerson Electric Company (NYSE:EMR) opened at $72.83 on Wednesday. The firm has a market cap of $47,201.54, a price-to-earnings ratio of 30.99, a price-to-earnings-growth ratio of 2.72 and a beta of 1.24. 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 Company has a 52-week low of $56.00 and a 52-week high of $74.45.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.83. The firm had revenue of $4.44 billion during 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 was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 EPS. equities analysts expect that Emerson Electric Company will post 2.92 earnings per share for the current year.

In other Emerson Electric news, VP Bell Katherine Button sold 7,518 shares of the business’s 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 completion of the transaction, the vice president now owns 36,877 shares of the company’s stock, valued at approximately $2,447,157.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Frank J. Dellaquila sold 2,100 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total transaction of $136,017.00. Following the transaction, the vice president now directly owns 178,743 shares of the company’s stock, valued at approximately $11,577,184.11. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,017 shares of company stock valued at $1,771,129. Company insiders own 0.84% of the company’s stock.

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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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