New England Research & Management Inc. lessened its stake in Emerson Electric Co. (NYSE:EMR) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,908 shares of the industrial products company’s stock after selling 275 shares during the period. New England Research & Management Inc.’s holdings in Emerson Electric were worth $603,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Spectrum Asset Management Inc. NB CA boosted its stake in shares of Emerson Electric by 21.3% in the 3rd quarter. Spectrum Asset Management Inc. NB CA now owns 21,523 shares of the industrial products company’s stock valued at $1,439,000 after purchasing an additional 3,775 shares in the last quarter. DT Investment Partners LLC boosted its stake in shares of Emerson Electric by 7.9% in the 3rd quarter. DT Investment Partners LLC now owns 54,829 shares of the industrial products company’s stock valued at $3,666,000 after purchasing an additional 3,993 shares in the last quarter. TIAA FSB boosted its stake in shares of Emerson Electric by 11.9% in the 3rd quarter. TIAA FSB now owns 31,496 shares of the industrial products company’s stock valued at $2,105,000 after purchasing an additional 3,338 shares in the last quarter. Mutual Advisors LLC boosted its stake in shares of Emerson Electric by 44.2% in the 2nd quarter. Mutual Advisors LLC now owns 19,344 shares of the industrial products company’s stock valued at $1,291,000 after purchasing an additional 5,926 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of Emerson Electric by 2.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 223,386 shares of the industrial products company’s stock valued at $14,936,000 after purchasing an additional 5,138 shares in the last quarter. 70.55% of the stock is owned by institutional investors and hedge funds.

NYSE:EMR traded down $0.52 during midday trading on Tuesday, reaching $76.87. 2,152,337 shares of the stock traded hands, compared to its average volume of 2,571,439. The company has a fifty day moving average of $75.82 and a 200 day moving average of $68.12. Emerson Electric Co. has a 12 month low of $55.98 and a 12 month high of $77.98. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.88 and a current ratio of 1.19. The stock has a market capitalization of $46.87 billion, a P/E ratio of 20.83, a PEG ratio of 2.67 and a beta of 1.38.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.07 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.07. Emerson Electric had a net margin of 12.55% and a return on equity of 26.32%. The company had revenue of $4.97 billion during the quarter, compared to analyst estimates of $5.02 billion. During the same period in the prior year, the business posted $0.89 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. On average, analysts predict that Emerson Electric Co. will post 3.63 EPS for the current fiscal year.

In other Emerson Electric news, insider Robert T. Sharp sold 7,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $76.13, for a total value of $532,910.00. Following the completion of the transaction, the insider now directly owns 131,315 shares in the company, valued at approximately $9,997,010.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Surendralal Lanca Karsanbhai sold 4,779 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $73.70, for a total transaction of $352,212.30. Following the completion of the transaction, the insider now owns 39,005 shares of the company’s stock, valued at $2,874,668.50. The disclosure for this sale can be found here. Insiders have sold a total of 63,565 shares of company stock valued at $4,701,330 over the last quarter. 0.50% of the stock is currently owned by company insiders.

A number of equities research analysts have recently issued reports on EMR shares. Barclays upped their price objective on shares of Emerson Electric from $75.00 to $78.00 and gave the company an “equal weight” rating in a research note on Monday. They noted that the move was a valuation call. Morgan Stanley upped their price objective on shares of Emerson Electric from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Cowen cut shares of Emerson Electric from an “outperform” rating to a “market perform” rating and set a $72.00 price objective for the company. in a research note on Wednesday, November 6th. Credit Suisse Group raised shares of Emerson Electric from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Finally, Stephens reaffirmed a “buy” rating and issued a $86.00 price objective on shares of Emerson Electric in a research note on Monday, December 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Emerson Electric has an average rating of “Hold” and a consensus price target of $76.25.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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