Short Interest in Emerson Electric Co. (NYSE:EMR) Increases By 6.7%

Emerson Electric Co. (NYSE:EMR) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 6,030,000 shares, an increase of 6.7% from the August 30th total of 5,650,000 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily trading volume, of 3,160,000 shares, the days-to-cover ratio is presently 1.9 days.

EMR has been the subject of several recent analyst reports. Morgan Stanley decreased their price objective on shares of Emerson Electric from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Wednesday, October 9th. Deutsche Bank decreased their price objective on shares of Emerson Electric from $74.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Stephens set a $71.00 price objective on shares of Emerson Electric and gave the stock a “buy” rating in a research report on Monday, September 30th. Zacks Investment Research cut shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price objective for the company. in a research report on Tuesday, July 23rd. Finally, Cowen set a $72.00 target price on shares of Emerson Electric and gave the stock a “buy” rating in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. Emerson Electric currently has an average rating of “Hold” and a consensus target price of $72.21.

Institutional investors have recently added to or reduced their stakes in the business. Gradient Investments LLC lifted its stake in shares of Emerson Electric by 164.4% in the third quarter. Gradient Investments LLC now owns 386 shares of the industrial products company’s stock valued at $26,000 after buying an additional 240 shares in the last quarter. Ellevest Inc. lifted its stake in shares of Emerson Electric by 110.0% in the second quarter. Ellevest Inc. now owns 420 shares of the industrial products company’s stock valued at $28,000 after buying an additional 220 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Emerson Electric by 80.3% in the second quarter. Larson Financial Group LLC now owns 440 shares of the industrial products company’s stock valued at $29,000 after buying an additional 196 shares in the last quarter. Massey Quick Simon & CO. LLC lifted its stake in shares of Emerson Electric by 1,823.1% in the third quarter. Massey Quick Simon & CO. LLC now owns 500 shares of the industrial products company’s stock valued at $33,000 after buying an additional 474 shares in the last quarter. Finally, Westside Investment Management Inc. bought a new position in shares of Emerson Electric in the second quarter valued at $34,000. 70.53% of the stock is currently owned by hedge funds and other institutional investors.

NYSE EMR traded up $0.81 on Thursday, hitting $68.13. 1,079,952 shares of the company were exchanged, compared to its average volume of 3,256,993. The company has a market cap of $41.41 billion, a PE ratio of 20.16, a PEG ratio of 2.24 and a beta of 1.37. Emerson Electric has a 12 month low of $55.38 and a 12 month high of $74.26. The stock has a fifty day moving average of $63.93 and a 200-day moving average of $65.02. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.49.

Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.94. The business had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.82 billion. Emerson Electric had a net margin of 12.06% and a return on equity of 24.67%. Emerson Electric’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 earnings per share. On average, analysts expect that Emerson Electric will post 3.63 earnings per share for the current year.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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