Peoples Financial Services CORP. cut its stake in Emerson Electric Co. (NYSE:EMR) by 2.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,995 shares of the industrial products company’s stock after selling 700 shares during the quarter. Peoples Financial Services CORP.’s holdings in Emerson Electric were worth $1,643,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Unison Advisors LLC increased its stake in shares of Emerson Electric by 0.8% in the 1st quarter. Unison Advisors LLC now owns 21,028 shares of the industrial products company’s stock worth $1,440,000 after acquiring an additional 170 shares in the last quarter. IFM Investors Pty Ltd increased its stake in shares of Emerson Electric by 16.9% in the 1st quarter. IFM Investors Pty Ltd now owns 42,463 shares of the industrial products company’s stock worth $2,907,000 after acquiring an additional 6,143 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Emerson Electric in the 1st quarter worth about $34,000. Chesapeake Wealth Management bought a new position in shares of Emerson Electric in the 1st quarter worth about $209,000. Finally, City Holding Co. increased its stake in shares of Emerson Electric by 0.7% in the 1st quarter. City Holding Co. now owns 40,664 shares of the industrial products company’s stock worth $2,784,000 after acquiring an additional 299 shares in the last quarter. Institutional investors and hedge funds own 72.63% of the company’s stock.

Shares of EMR stock opened at $72.51 on Friday. Emerson Electric Co. has a one year low of $55.38 and a one year high of $79.70. The stock has a market cap of $44.57 billion, a P/E ratio of 21.45, a PEG ratio of 2.27 and a beta of 1.24. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, February 5th. The industrial products company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.08. Emerson Electric had a net margin of 12.83% and a return on equity of 24.21%. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the prior year, the firm posted $0.61 EPS. Emerson Electric’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts forecast that Emerson Electric Co. will post 3.7 EPS for the current year.

EMR has been the subject of several research reports. Cowen reiterated a “buy” rating and issued a $81.00 price target on shares of Emerson Electric in a research note on Tuesday, February 5th. Citigroup upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and increased their price target for the stock from $67.00 to $81.00 in a research note on Monday, April 8th. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research note on Tuesday, April 2nd. Morgan Stanley set a $77.00 price target on shares of Emerson Electric and gave the stock a “buy” rating in a research note on Friday, February 8th. Finally, Stephens reissued a “buy” rating and set a $68.00 price objective on shares of Emerson Electric in a research report on Sunday, January 6th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $76.61.

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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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