Shufro Rose & Co. LLC Has $3 Million Stake in Emerson Electric Co. (EMR)

Shufro Rose & Co. LLC lessened its position in Emerson Electric Co. (NYSE:EMR) by 2.5% in the third quarter, Holdings Channel reports. The institutional investor owned 39,104 shares of the industrial products company’s stock after selling 1,000 shares during the period. Shufro Rose & Co. LLC’s holdings in Emerson Electric were worth $2,995,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Clarus Wealth Advisors purchased a new stake in Emerson Electric in the second quarter valued at approximately $100,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Emerson Electric in the second quarter valued at approximately $102,000. Kiley Juergens Wealth Management LLC purchased a new stake in Emerson Electric in the second quarter valued at approximately $105,000. Kaizen Advisory LLC grew its holdings in Emerson Electric by 151.1% in the second quarter. Kaizen Advisory LLC now owns 1,539 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 926 shares during the period. Finally, FNY Investment Advisers LLC purchased a new stake in Emerson Electric in the second quarter valued at approximately $113,000. 70.45% of the stock is owned by institutional investors and hedge funds.

EMR opened at $66.25 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.37. Emerson Electric Co. has a 52-week low of $57.47 and a 52-week high of $79.70. The company has a market cap of $42.17 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 1.76 and a beta of 1.15.



Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, August 7th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.02. Emerson Electric had a net margin of 12.33% and a return on equity of 22.83%. The company had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.47 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. Emerson Electric’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, research analysts predict that Emerson Electric Co. will post 3.22 earnings per share for the current fiscal year.

In other Emerson Electric news, VP Steven J. Pelch sold 6,409 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $74.24, for a total transaction of $475,804.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Edward L. Monser sold 60,000 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $76.10, for a total transaction of $4,566,000.00. Following the sale, the president now owns 176,477 shares of the company’s stock, valued at $13,429,899.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,409 shares of company stock valued at $7,317,004. 0.79% of the stock is owned by insiders.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Thursday, July 19th. MED upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a report on Thursday, July 12th. Barclays boosted their target price on shares of Emerson Electric from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, August 9th. Credit Suisse Group assumed coverage on shares of Emerson Electric in a report on Friday, October 12th. They issued a “neutral” rating and a $78.00 target price for the company. Finally, 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. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $78.67.

Emerson Electric Company Profile

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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