Palladium Partners LLC Reduces Position in Emerson Electric Co. (EMR)

Palladium Partners LLC lessened its position in shares of Emerson Electric Co. (NYSE:EMR) by 3.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,697 shares of the industrial products company’s stock after selling 1,000 shares during the quarter. Palladium Partners LLC’s holdings in Emerson Electric were worth $2,427,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in EMR. Neville Rodie & Shaw Inc. acquired a new stake in Emerson Electric during the 2nd quarter worth approximately $7,927,000. Cibc Bank USA acquired a new stake in Emerson Electric during the 2nd quarter worth approximately $625,000. Clarus Wealth Advisors acquired a new stake in Emerson Electric during the 2nd quarter worth approximately $100,000. Indiana Trust & Investment Management CO acquired a new stake in Emerson Electric during the 2nd quarter worth approximately $209,000. Finally, DnB Asset Management AS acquired a new stake in Emerson Electric during the 2nd quarter worth approximately $7,398,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Emerson Electric stock opened at $67.81 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.37. The firm has a market cap of $41.64 billion, a price-to-earnings ratio of 25.69, a P/E/G ratio of 1.74 and a beta of 1.15. Emerson Electric Co. has a fifty-two week low of $57.47 and a fifty-two week high of $79.70.



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, topping the consensus estimate of $0.86 by $0.02. The company had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.47 billion. Emerson Electric had a return on equity of 22.83% and a net margin of 12.33%. Emerson Electric’s revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 earnings per share. On average, research analysts anticipate that Emerson Electric Co. will post 3.22 EPS for the current year.

Several research firms have recently commented on EMR. Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a report on Tuesday, July 3rd. ValuEngine downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Cowen reaffirmed a “buy” rating and issued a $81.00 price objective on shares of Emerson Electric in a research note on Wednesday, September 19th. Argus raised their price objective on Emerson Electric from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, August 14th. Finally, Deutsche Bank set a $81.00 price objective on Emerson Electric and gave the company a “buy” rating in a research note on Thursday, July 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. Emerson Electric has a consensus rating of “Buy” and an average price target of $78.67.

In other Emerson Electric news, President Edward L. Monser sold 60,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the president now owns 176,477 shares of the company’s stock, valued at $13,429,899.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Edward L. Monser sold 30,000 shares of the firm’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $75.84, for a total value of $2,275,200.00. Following the transaction, the president now directly owns 176,477 shares of the company’s stock, valued at approximately $13,384,015.68. The disclosure for this sale can be found here. Insiders have sold 96,409 shares of company stock valued at $7,317,004 in the last three months. 0.84% of the stock is currently owned by company insiders.

Emerson Electric 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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