Guardian Capital Advisors LP Has $8.38 Million Stake in Emerson Electric Company (EMR)
Guardian Capital Advisors LP lifted its holdings in shares of Emerson Electric Company (NYSE:EMR) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 127,446 shares of the industrial products company’s stock after purchasing an additional 3,065 shares during the quarter. Emerson Electric comprises about 1.2% of Guardian Capital Advisors LP’s investment portfolio, making the stock its 28th biggest position. Guardian Capital Advisors LP’s holdings in Emerson Electric were worth $8,383,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of EMR. Tower Research Capital LLC TRC acquired a new stake in shares of Emerson Electric during the second quarter worth $109,000. Intellectus Partners LLC boosted its holdings in shares of Emerson Electric by 0.3% during the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 7 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Emerson Electric during the second quarter worth $129,000. AT Bancorp acquired a new stake in shares of Emerson Electric during the second quarter worth $139,000. Finally, Perkins Coie Trust Co acquired a new stake in shares of Emerson Electric during the second quarter worth $150,000. Institutional investors and hedge funds own 69.18% of the company’s stock.
Emerson Electric Company (NYSE EMR) opened at $73.91 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. Emerson Electric Company has a 52-week low of $56.00 and a 52-week high of $74.45. The company has a market capitalization of $47,201.52, a PE ratio of 28.65, a price-to-earnings-growth ratio of 2.72 and a beta of 1.24.
Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, meeting the consensus estimate of $0.83. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The company had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.43 billion. During the same period last year, the company posted $0.74 earnings per share. The firm’s revenue was up 12.8% compared to the same quarter last year. equities research analysts anticipate that Emerson Electric Company will post 2.92 EPS for the current fiscal year.
In other Emerson Electric news, VP Bell Katherine Button sold 7,909 shares of the firm’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 transaction, the vice president now directly owns 44,628 shares of the company’s stock, valued at $2,891,001.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Frank J. Dellaquila sold 2,100 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the completion of the transaction, the vice president now directly owns 178,743 shares in the company, valued at $11,577,184.11. The disclosure for this sale can be found here. Insiders sold 27,017 shares of company stock worth $1,771,129 over the last three months. 0.79% of the stock is currently owned by corporate insiders.
EMR has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Emerson Electric from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Morgan Stanley reiterated an “equal weight” rating and issued a $67.00 target price (up previously from $64.00) on shares of Emerson Electric in a report on Monday, October 2nd. Citigroup set a $61.00 target price on Emerson Electric and gave the company a “sell” rating in a report on Tuesday, November 28th. Stifel Nicolaus reiterated a “buy” rating and issued a $75.00 target price on shares of Emerson Electric in a report on Monday, December 11th. Finally, Cowen reiterated a “buy” rating and issued a $72.00 target price on shares of Emerson Electric in a report on Wednesday, December 20th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $65.86.
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.
Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Company (NYSE:EMR).
Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with Analyst Ratings Network's FREE daily email newsletter.