American Asset Management Inc. reduced its position in Emerson Electric Co. (NYSE:EMR) by 8.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,623 shares of the industrial products company’s stock after selling 505 shares during the period. American Asset Management Inc.’s holdings in Emerson Electric were worth $385,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. Moody National Bank Trust Division acquired a new stake in shares of Emerson Electric during the fourth quarter worth approximately $27,000. Csenge Advisory Group acquired a new stake in shares of Emerson Electric during the third quarter worth approximately $28,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Emerson Electric during the fourth quarter worth approximately $30,000. Norway Savings Bank boosted its holdings in shares of Emerson Electric by 60.1% during the fourth quarter. Norway Savings Bank now owns 533 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 200 shares during the period. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Emerson Electric during the fourth quarter worth approximately $36,000. 72.63% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently commented on the stock. Zacks Investment Research cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Robert W. Baird set a $70.00 target price on shares of Emerson Electric and gave the company a “hold” rating in a research note on Monday, December 17th. Cowen reiterated a “buy” rating and issued a $81.00 target price on shares of Emerson Electric in a research note on Tuesday, February 5th. Wells Fargo & Co reduced their target price on shares of Emerson Electric from $77.00 to $69.00 and set a “market perform” rating for the company in a research note on Wednesday, December 19th. They noted that the move was a valuation call. Finally, Barclays cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $85.00 to $71.00 in a research note on Monday, December 17th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $76.61.
NYSE:EMR opened at $71.80 on Tuesday. Emerson Electric Co. has a 12 month low of $55.38 and a 12 month high of $79.70. The company has a market capitalization of $43.92 billion, a PE ratio of 21.24, a PEG ratio of 2.24 and a beta of 1.24. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 0.88.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, February 5th. The industrial products company reported $0.74 EPS for the quarter, beating the Zacks’ 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 analyst estimates of $4.21 billion. During the same quarter last year, the firm posted $0.61 earnings per share. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. Analysts predict that Emerson Electric Co. will post 3.7 earnings per share for the current fiscal year.
Emerson Electric Company 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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