2,950 Shares in Emerson Electric Co. (NYSE:EMR) Bought by Howard Capital Management

Howard Capital Management bought a new position in Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,950 shares of the industrial products company’s stock, valued at approximately $225,000.

A number of other institutional investors and hedge funds have also bought and sold shares of EMR. Arjuna Capital boosted its position in shares of Emerson Electric by 3.2% during the 2nd quarter. Arjuna Capital now owns 20,995 shares of the industrial products company’s stock valued at $1,401,000 after acquiring an additional 643 shares in the last quarter. Schroder Investment Management Group raised its position in Emerson Electric by 9.7% in the second quarter. Schroder Investment Management Group now owns 2,682,281 shares of the industrial products company’s stock worth $178,961,000 after purchasing an additional 236,974 shares in the last quarter. RMB Capital Management LLC lifted its stake in Emerson Electric by 31.2% during the second quarter. RMB Capital Management LLC now owns 8,369 shares of the industrial products company’s stock worth $558,000 after purchasing an additional 1,989 shares during the period. National Pension Service lifted its stake in Emerson Electric by 7.4% during the second quarter. National Pension Service now owns 722,536 shares of the industrial products company’s stock worth $48,208,000 after purchasing an additional 49,905 shares during the period. Finally, AMP Capital Investors Ltd boosted its holdings in Emerson Electric by 2.7% during the second quarter. AMP Capital Investors Ltd now owns 366,121 shares of the industrial products company’s stock valued at $24,202,000 after purchasing an additional 9,468 shares in the last quarter. Hedge funds and other institutional investors own 70.55% of the company’s stock.

In other Emerson Electric news, VP Sara Yang Bosco sold 10,969 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $73.55, for a total transaction of $806,769.95. Following the sale, the vice president now owns 88,817 shares of the company’s stock, valued at approximately $6,532,490.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Surendralal Lanca Karsanbhai sold 4,779 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $73.70, for a total transaction of $352,212.30. Following the sale, the insider now directly owns 39,005 shares in the company, valued at approximately $2,874,668.50. The disclosure for this sale can be found here. Insiders have sold a total of 63,565 shares of company stock valued at $4,701,330 over the last ninety days. Insiders own 0.50% of the company’s stock.

Several research firms have recently weighed in on EMR. Morgan Stanley increased their target price on Emerson Electric from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Credit Suisse Group upgraded Emerson Electric from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. UBS Group assumed coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a “neutral” rating and a $78.00 price target on the stock. Citigroup upped their price target on Emerson Electric from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, HSBC lowered Emerson Electric from a “hold” rating to a “reduce” rating and set a $64.00 price objective for the company. in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Emerson Electric currently has an average rating of “Hold” and a consensus price target of $76.25.

Emerson Electric stock traded up $1.26 during trading hours on Thursday, hitting $77.92. 164,459 shares of the stock were exchanged, compared to its average volume of 2,021,115. The stock has a market capitalization of $46.83 billion, a P/E ratio of 21.10, a P/E/G ratio of 2.67 and a beta of 1.38. The business’s 50-day moving average is $75.91 and its two-hundred day moving average is $68.23. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.88 and a current ratio of 1.19. Emerson Electric Co. has a 12 month low of $55.98 and a 12 month high of $77.98.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, November 5th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.07. The company had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $5.02 billion. Emerson Electric had a net margin of 12.55% and a return on equity of 26.32%. Emerson Electric’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 earnings per share. On average, equities analysts predict that Emerson Electric Co. will post 3.63 earnings per share for the current fiscal 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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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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