Nisa Investment Advisors LLC lowered its holdings in Emerson Electric Company (NYSE:EMR) by 2.0% in the 4th quarter, Holdings Channel reports. The firm owned 283,292 shares of the industrial products company’s stock after selling 5,760 shares during the period. Nisa Investment Advisors LLC’s holdings in Emerson Electric were worth $19,743,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Crossmark Global Holdings Inc. purchased a new stake in Emerson Electric during the third quarter valued at $12,652,000. APG Asset Management N.V. increased its position in Emerson Electric by 10.8% during the third quarter. APG Asset Management N.V. now owns 3,921,119 shares of the industrial products company’s stock valued at $246,403,000 after acquiring an additional 383,300 shares during the last quarter. Fagan Associates Inc. increased its position in Emerson Electric by 19.3% during the second quarter. Fagan Associates Inc. now owns 5,975 shares of the industrial products company’s stock valued at $356,000 after acquiring an additional 968 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its position in Emerson Electric by 6.6% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,075 shares of the industrial products company’s stock valued at $601,000 after acquiring an additional 620 shares during the last quarter. Finally, Andra AP fonden increased its position in Emerson Electric by 5.2% during the second quarter. Andra AP fonden now owns 95,300 shares of the industrial products company’s stock valued at $5,682,000 after acquiring an additional 4,700 shares during the last quarter. Hedge funds and other institutional investors own 69.18% of the company’s stock.

A number of research firms recently commented on EMR. Wells Fargo & Co reiterated a “market perform” rating and set a $73.00 price objective (up previously from $65.00) on shares of Emerson Electric in a research report on Thursday. Vertical Research upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Tuesday, January 2nd. Cowen reiterated a “buy” rating and set a $72.00 price objective on shares of Emerson Electric in a research report on Wednesday, December 20th. Stifel Nicolaus reiterated a “buy” rating and set a $75.00 price objective on shares of Emerson Electric in a research report on Monday, December 11th. Finally, Goldman Sachs Group reiterated a “neutral” rating and set a $66.00 price objective on shares of Emerson Electric in a research report on Friday, December 8th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $66.43.

Shares of Emerson Electric Company (NYSE EMR) opened at $73.14 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30. The company has a market capitalization of $46,940.00, a PE ratio of 28.57, a price-to-earnings-growth ratio of 2.70 and a beta of 1.24. Emerson Electric Company has a 1 year low of $56.77 and a 1 year high of $74.45.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, hitting analysts’ consensus estimates of $0.83. The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.43 billion. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.74 earnings per share. sell-side analysts expect that Emerson Electric Company will post 2.93 EPS for the current year.

In other news, COO Edgar M. Purvis, Jr. sold 9,490 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $65.74, for a total value of $623,872.60. Following the completion of the transaction, the chief operating officer now 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 accessible through this hyperlink. Also, VP Bell Katherine Button sold 7,909 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $64.78, for a total value of $512,345.02. Following the completion of the transaction, the vice president now directly owns 44,628 shares of the company’s stock, valued at approximately $2,891,001.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,017 shares of company stock valued at $1,771,129. Company insiders own 0.79% 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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