Emerson Electric Co. (NYSE:EMR) Shares Sold by Perkins Coie Trust Co

Perkins Coie Trust Co reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 20.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,000 shares of the industrial products company’s stock after selling 508 shares during the quarter. Perkins Coie Trust Co’s holdings in Emerson Electric were worth $134,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Larson Financial Group LLC grew its holdings in Emerson Electric by 375.2% during the 3rd quarter. Larson Financial Group LLC now owns 2,091 shares of the industrial products company’s stock worth $140,000 after acquiring an additional 1,651 shares in the last quarter. Rockland Trust Co. grew its holdings in Emerson Electric by 6.4% during the 3rd quarter. Rockland Trust Co. now owns 103,452 shares of the industrial products company’s stock worth $6,662,000 after acquiring an additional 6,258 shares in the last quarter. Intellectus Partners LLC grew its holdings in Emerson Electric by 16.1% during the 3rd quarter. Intellectus Partners LLC now owns 8,295 shares of the industrial products company’s stock worth $555,000 after acquiring an additional 1,153 shares in the last quarter. E&G Advisors LP grew its holdings in Emerson Electric by 5.1% during the 3rd quarter. E&G Advisors LP now owns 14,500 shares of the industrial products company’s stock worth $969,000 after acquiring an additional 700 shares in the last quarter. Finally, Accurate Investment Solutions Inc. grew its holdings in Emerson Electric by 1.8% during the 3rd quarter. Accurate Investment Solutions Inc. now owns 66,511 shares of the industrial products company’s stock worth $4,447,000 after acquiring an additional 1,171 shares in the last quarter. 70.52% of the stock is owned by institutional investors.

A number of research firms have commented on EMR. Zacks Investment Research downgraded shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price target on the stock. in a research report on Tuesday, July 23rd. Royal Bank of Canada raised shares of Emerson Electric from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $65.00 to $77.00 in a research note on Monday, September 30th. Credit Suisse Group lowered their price objective on shares of Emerson Electric from $74.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Citigroup lowered their price objective on shares of Emerson Electric from $79.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Finally, Cowen set a $72.00 price objective on shares of Emerson Electric and gave the stock a “buy” rating in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $72.21.

Shares of Emerson Electric stock traded up $2.36 during trading on Friday, hitting $67.41. The stock had a trading volume of 173,603 shares, compared to its average volume of 3,366,701. The stock has a 50 day simple moving average of $62.74 and a 200 day simple moving average of $65.01. The company has a market capitalization of $38.85 billion, a PE ratio of 19.91, a P/E/G ratio of 2.04 and a beta of 1.37. The company has a quick ratio of 0.85, a current ratio of 1.18 and a debt-to-equity ratio of 0.49. Emerson Electric Co. has a 1 year low of $55.38 and a 1 year high of $74.31.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share for the quarter, hitting the consensus estimate of $0.94. The business had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.82 billion. Emerson Electric had a net margin of 12.06% and a return on equity of 24.67%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.12 earnings per share. As a group, equities analysts expect that Emerson Electric Co. will post 3.63 earnings per share for the current fiscal year.

Emerson Electric Profile

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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