First Allied Advisory Services Inc. trimmed its position in Emerson Electric Company (NYSE:EMR) by 4.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,724 shares of the industrial products company’s stock after selling 4,836 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Emerson Electric were worth $6,150,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in EMR. DnB Asset Management AS lifted its holdings in shares of Emerson Electric by 1.4% in the second quarter. DnB Asset Management AS now owns 84,400 shares of the industrial products company’s stock worth $5,032,000 after buying an additional 1,200 shares in the last quarter. Triangle Securities Wealth Management lifted its holdings in shares of Emerson Electric by 5.8% in the second quarter. Triangle Securities Wealth Management now owns 19,461 shares of the industrial products company’s stock worth $1,160,000 after buying an additional 1,070 shares in the last quarter. First PREMIER Bank lifted its holdings in shares of Emerson Electric by 10.8% in the second quarter. First PREMIER Bank now owns 32,929 shares of the industrial products company’s stock worth $1,964,000 after buying an additional 3,212 shares in the last quarter. Lau Associates LLC purchased a new stake in shares of Emerson Electric in the second quarter worth about $288,000. Finally, Catawba Capital Management VA lifted its holdings in shares of Emerson Electric by 0.9% in the second quarter. Catawba Capital Management VA now owns 51,003 shares of the industrial products company’s stock worth $3,041,000 after buying an additional 431 shares in the last quarter. 69.18% of the stock is currently owned by hedge funds and other institutional investors.

In other Emerson Electric news, COO Edgar M. Purvis, Jr. sold 9,490 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were 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 in the company, valued at $11,109,008.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Bell Katherine Button sold 7,909 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $64.78, for a total transaction of $512,345.02. Following the transaction, the vice president now owns 44,628 shares in the company, valued at $2,891,001.84. The disclosure for this sale can be found here. Insiders have sold 27,017 shares of company stock worth $1,771,129 over the last quarter. Company insiders own 0.84% of the company’s stock.

Shares of Emerson Electric Company (NYSE:EMR) opened at $73.88 on Friday. The firm has a market cap of $47,420.00, a P/E ratio of 28.86, a P/E/G ratio of 3.25 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30. Emerson Electric Company has a one year low of $56.00 and a one year high of $73.90.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.83. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The business had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.43 billion. During the same period last year, the firm posted $0.74 earnings per share. Emerson Electric’s quarterly revenue was up 12.8% on a year-over-year basis. equities analysts anticipate that Emerson Electric Company will post 2.92 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on EMR shares. Cowen reissued a “buy” rating and issued a $72.00 price target on shares of Emerson Electric in a report on Wednesday, December 6th. Zacks Investment Research downgraded shares of Emerson Electric from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Robert W. Baird reaffirmed a “hold” rating and issued a $70.00 target price on shares of Emerson Electric in a research note on Friday, November 10th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $66.00 target price on shares of Emerson Electric in a research note on Friday, December 8th. Finally, Royal Bank of Canada reaffirmed a “neutral” rating on shares of Emerson Electric in a research note on Thursday, November 9th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $65.86.

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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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