Emerson Electric Co. (EMR) Position Reduced by Sawtooth Solutions LLC

Sawtooth Solutions LLC lessened its stake in Emerson Electric Co. (NYSE:EMR) by 49.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,280 shares of the industrial products company’s stock after selling 7,994 shares during the quarter. Sawtooth Solutions LLC’s holdings in Emerson Electric were worth $634,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in Emerson Electric by 1.8% during the 2nd quarter. Bank of America Corp DE now owns 23,145,471 shares of the industrial products company’s stock worth $1,600,277,000 after acquiring an additional 417,445 shares in the last quarter. Northern Trust Corp grew its holdings in Emerson Electric by 0.9% during the 2nd quarter. Northern Trust Corp now owns 9,540,319 shares of the industrial products company’s stock worth $659,617,000 after acquiring an additional 80,807 shares in the last quarter. American Century Companies Inc. grew its holdings in Emerson Electric by 1.1% during the 2nd quarter. American Century Companies Inc. now owns 4,594,851 shares of the industrial products company’s stock worth $317,688,000 after acquiring an additional 51,585 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Emerson Electric by 1.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,168,307 shares of the industrial products company’s stock worth $288,197,000 after acquiring an additional 62,727 shares in the last quarter. Finally, FMR LLC grew its holdings in Emerson Electric by 22.2% during the 2nd quarter. FMR LLC now owns 3,430,748 shares of the industrial products company’s stock worth $237,202,000 after acquiring an additional 622,701 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Several research analysts have issued reports on EMR shares. Zacks Investment Research cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Argus increased their target price on shares of Emerson Electric from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, August 14th. 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 price target on the stock. Morgan Stanley assumed coverage on shares of Emerson Electric in a report on Monday, August 20th. They issued an “overweight” rating and a $85.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price target on shares of Emerson Electric from $79.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $78.67.



NYSE:EMR opened at $66.33 on Tuesday. Emerson Electric Co. has a fifty-two week low of $57.47 and a fifty-two week high of $79.70. The stock has a market capitalization of $41.64 billion, a PE ratio of 25.13, a PEG ratio of 1.74 and a beta of 1.15. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.37.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. Emerson Electric had a net margin of 12.33% and a return on equity of 22.83%. The business had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.47 billion. During the same period last year, the business earned $0.68 EPS. The company’s revenue was up 10.3% compared to the same quarter last year. As a group, equities research analysts forecast that Emerson Electric Co. will post 3.22 EPS for the current year.

In related news, President Edward L. Monser sold 60,000 shares of Emerson Electric stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $76.10, for a total value of $4,566,000.00. Following the completion of the sale, the president now directly owns 176,477 shares in the company, valued at approximately $13,429,899.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Edward L. Monser sold 30,000 shares of Emerson Electric stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $75.84, for a total transaction of $2,275,200.00. Following the completion of the sale, the president now owns 176,477 shares of the company’s stock, valued at $13,384,015.68. The disclosure for this sale can be found here. Insiders sold a total of 96,409 shares of company stock valued at $7,317,004 over the last quarter. 0.84% of the stock is owned by company insiders.

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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