BKS Advisors LLC lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,687 shares of the industrial products company’s stock after selling 1,244 shares during the period. BKS Advisors LLC’s holdings in Emerson Electric were worth $2,307,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc boosted its holdings in Emerson Electric by 2.4% in the third quarter. Vanguard Group Inc now owns 51,601,229 shares of the industrial products company’s stock worth $3,951,622,000 after purchasing an additional 1,214,362 shares during the last quarter. BlackRock Inc. boosted its holdings in Emerson Electric by 5.9% in the fourth quarter. BlackRock Inc. now owns 42,076,883 shares of the industrial products company’s stock worth $2,514,093,000 after purchasing an additional 2,358,763 shares during the last quarter. Northern Trust Corp boosted its holdings in Emerson Electric by 2.1% in the fourth quarter. Northern Trust Corp now owns 9,421,260 shares of the industrial products company’s stock worth $562,921,000 after purchasing an additional 192,698 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Emerson Electric by 3,146,008.7% in the third quarter. Bank of New York Mellon Corp now owns 9,375,404 shares of the industrial products company’s stock worth $717,967,000 after purchasing an additional 9,375,106 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Emerson Electric by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 7,394,814 shares of the industrial products company’s stock worth $441,115,000 after purchasing an additional 355,369 shares during the last quarter. 72.63% of the stock is owned by institutional investors.
Shares of Emerson Electric stock opened at $72.18 on Wednesday. The firm has a market cap of $44.31 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 2.26 and a beta of 1.24. Emerson Electric Co. has a 1-year low of $55.38 and a 1-year high of $79.70. 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 issued its quarterly earnings results on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.08. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Emerson Electric had a net margin of 12.83% and a return on equity of 24.21%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 EPS. As a group, equities analysts expect that Emerson Electric Co. will post 3.7 EPS for the current fiscal year.
EMR has been the topic of several research reports. Zacks Investment Research cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Royal Bank of Canada cut shares of Emerson Electric from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $68.00 to $61.00 in a report on Thursday, January 3rd. Wells Fargo & Co dropped their target price on shares of Emerson Electric from $77.00 to $69.00 and set a “market perform” rating on the stock in a report on Wednesday, December 19th. They noted that the move was a valuation call. Credit Suisse Group upgraded shares of Emerson Electric from a “neutral” rating to an “outperform” rating and set a $59.60 target price on the stock in a report on Thursday, January 3rd. Finally, Citigroup upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and raised their target price for the stock from $67.00 to $81.00 in a report on Monday, April 8th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus 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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