Private Asset Management boosted its stake in Emerson Electric Co. (NYSE:EMR) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,349 shares of the company’s stock after buying an additional 2,631 shares during the period. Emerson Electric makes up approximately 1.4% of Private Asset Management’s portfolio, making the stock its 22nd largest position. Private Asset Management’s holdings in Emerson Electric were worth $7,909,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Fulton Bank raised its position in shares of Emerson Electric by 1.1% in the fourth quarter. Fulton Bank now owns 7,740 shares of the company’s stock worth $370,000 after buying an additional 84 shares in the last quarter. Renaissance Investment Group raised its position in shares of Emerson Electric by 5.4% in the fourth quarter. Renaissance Investment Group now owns 9,217 shares of the company’s stock worth $441,000 after buying an additional 475 shares in the last quarter. Palo Capital bought a new position in shares of Emerson Electric during the third quarter worth about $605,000. Needelman Asset Management raised its position in shares of Emerson Electric by 38.6% in the fourth quarter. Needelman Asset Management now owns 17,795 shares of the company’s stock worth $851,000 after buying an additional 4,955 shares in the last quarter. Finally, Janus Capital Management raised its position in shares of Emerson Electric by 24.7% in the third quarter. Janus Capital Management now owns 108,032 shares of the company’s stock worth $4,771,000 after buying an additional 21,427 shares in the last quarter.
Emerson Electric Co. (NYSE:EMR) opened at 44.10 on Friday. The firm has a market cap of $28.87 billion and a P/E ratio of 11.05. The stock has a 50 day moving average price of $47.58 and a 200-day moving average price of $48.65. Emerson Electric Co. has a one year low of $42.21 and a one year high of $62.75.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.93 EPS for the quarter, missing the Zacks’ consensus estimate of $0.97 by $0.04. During the same period last year, the firm posted $1.30 EPS. The company earned $5.81 billion during the quarter, compared to analysts’ expectations of $5.84 billion. The firm’s revenue for the quarter was down 14.6% on a year-over-year basis. Analysts predict that Emerson Electric Co. will post $3.05 EPS for the current fiscal year.
A number of equities analysts recently issued reports on EMR shares. RBC Capital decreased their target price on shares of Emerson Electric from $50.00 to $49.00 in a research report on Monday, September 21st. Morgan Stanley decreased their target price on shares of Emerson Electric from $55.00 to $50.00 in a research report on Wednesday, October 7th. Societe Generale decreased their target price on shares of Emerson Electric from $61.00 to $56.00 and set a “buy” rating for the company in a research report on Wednesday, September 23rd. Stifel Nicolaus increased their target price on shares of Emerson Electric from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Wednesday, November 4th. Finally, Nomura decreased their target price on shares of Emerson Electric from $63.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. Emerson Electric has an average rating of “Hold” and a consensus target price of $52.71.
Emerson Electric Co. is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. The Process Management segment provides measurement, control and diagnostic capabilities for automated industrial processes. The Industrial Automation segment provides integrated manufacturing solutions to its customers at the source of manufacturing their own products. The Network Power segment designs, manufactures, installs and maintains products providing grid-to-chip electric power conditioning. The Climate Technologies segment provides products and services for the climate control industry. The Company’s Commercial & Residential Solutions segment offers a range of tools, storage products and appliance solutions.
