Notis McConarty Edward Reduces Position in Emerson Electric Co. (EMR)

Notis McConarty Edward trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 4.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,650 shares of the industrial products company’s stock after selling 1,000 shares during the quarter. Notis McConarty Edward’s holdings in Emerson Electric were worth $1,358,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of EMR. Bank of Montreal Can purchased a new stake in Emerson Electric in the 2nd quarter valued at $144,788,000. Royal Bank of Canada grew its holdings in Emerson Electric by 37.6% in the 1st quarter. Royal Bank of Canada now owns 5,385,612 shares of the industrial products company’s stock valued at $367,839,000 after buying an additional 1,471,393 shares in the last quarter. Cornerstone Wealth Management LLC grew its holdings in Emerson Electric by 7,027.3% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 935,604 shares of the industrial products company’s stock valued at $13,472,000 after buying an additional 922,477 shares in the last quarter. King Luther Capital Management Corp grew its holdings in Emerson Electric by 173.5% in the 1st quarter. King Luther Capital Management Corp now owns 1,226,271 shares of the industrial products company’s stock valued at $83,754,000 after buying an additional 777,858 shares in the last quarter. Finally, PointState Capital LP grew its holdings in Emerson Electric by 4,275.8% in the 1st quarter. PointState Capital LP now owns 625,745 shares of the industrial products company’s stock valued at $42,738,000 after buying an additional 611,445 shares in the last quarter. Institutional investors own 69.75% of the company’s stock.

In other news, insider Michael H. Train sold 24,166 shares of the company’s stock in a transaction on Monday, June 18th. The stock was sold at an average price of $71.46, for a total value of $1,726,902.36. Following the transaction, the insider now owns 121,626 shares of the company’s stock, valued at approximately $8,691,393.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.84% of the company’s stock.



Several analysts have issued reports on the company. ValuEngine upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Zacks Investment Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a report on Tuesday, July 3rd. Stifel Nicolaus upped their target price on Emerson Electric from $79.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, May 3rd. Robert W. Baird restated a “hold” rating and issued a $76.00 target price on shares of Emerson Electric in a report on Friday, July 20th. Finally, Berenberg Bank upgraded Emerson Electric from a “sell” rating to a “hold” rating and set a $69.00 target price for the company in a report on Tuesday, April 24th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. Emerson Electric has a consensus rating of “Hold” and an average target price of $74.06.

Shares of Emerson Electric stock traded down $0.72 during trading hours on Monday, hitting $70.54. The company’s stock had a trading volume of 181,536 shares, compared to its average volume of 2,367,148. Emerson Electric Co. has a twelve month low of $57.47 and a twelve month high of $74.45. The firm has a market cap of $44.90 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 2.09 and a beta of 1.18. The company has a quick ratio of 0.98, a current ratio of 1.30 and a debt-to-equity ratio of 0.39.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, May 1st. The industrial products company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.04. Emerson Electric had a return on equity of 21.69% and a net margin of 10.83%. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the prior year, the company posted $0.45 EPS. The company’s quarterly revenue was up 18.9% on a year-over-year basis. equities analysts expect that Emerson Electric Co. will post 3.19 earnings per share for the current year.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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