Heritage Investors Management Corp Lowers Position in Emerson Electric Co. (NYSE:EMR)

Heritage Investors Management Corp lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 5.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,343 shares of the industrial products company’s stock after selling 200 shares during the period. Heritage Investors Management Corp’s holdings in Emerson Electric were worth $224,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Clearbridge Investments LLC grew its position in Emerson Electric by 2.3% in the first quarter. Clearbridge Investments LLC now owns 274,174 shares of the industrial products company’s stock valued at $18,773,000 after acquiring an additional 6,229 shares during the period. Horizon Investments LLC bought a new stake in Emerson Electric in the first quarter valued at $200,000. Thomasville National Bank grew its position in Emerson Electric by 2.9% in the second quarter. Thomasville National Bank now owns 54,101 shares of the industrial products company’s stock valued at $3,610,000 after acquiring an additional 1,544 shares during the period. Private Trust Co. NA grew its position in Emerson Electric by 4.2% in the second quarter. Private Trust Co. NA now owns 8,322 shares of the industrial products company’s stock valued at $555,000 after acquiring an additional 337 shares during the period. Finally, Rockland Trust Co. grew its position in Emerson Electric by 3.4% in the second quarter. Rockland Trust Co. now owns 97,194 shares of the industrial products company’s stock valued at $6,485,000 after acquiring an additional 3,200 shares during the period. Institutional investors own 70.53% of the company’s stock.

Shares of EMR stock opened at $68.65 on Friday. The stock’s fifty day moving average is $64.36 and its 200-day moving average is $65.02. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.85 and a current ratio of 1.18. The stock has a market capitalization of $41.86 billion, a PE ratio of 19.96, a PEG ratio of 2.27 and a beta of 1.37. Emerson Electric Co. has a 52 week low of $55.38 and a 52 week high of $73.37.

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

A number of analysts have weighed in on the company. Deutsche Bank lowered their price target on Emerson Electric from $74.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Credit Suisse Group lowered their price target on Emerson Electric from $74.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Royal Bank of Canada upgraded Emerson Electric from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $65.00 to $77.00 in a research report on Monday, September 30th. Zacks Investment Research cut Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price target on the stock. in a research report on Tuesday, July 23rd. Finally, Barclays lowered their price target on Emerson Electric from $65.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Monday, September 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. Emerson Electric has a consensus rating of “Hold” and a consensus price target of $72.21.

About Emerson Electric

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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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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