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.
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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