Hanson & Doremus Investment Management Purchases 214 Shares of Emerson Electric Co. (NYSE:EMR)

Hanson & Doremus Investment Management grew its position in Emerson Electric Co. (NYSE:EMR) by 0.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 25,044 shares of the industrial products company’s stock after acquiring an additional 214 shares during the period. Hanson & Doremus Investment Management’s holdings in Emerson Electric were worth $1,910,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Homrich & Berg increased its holdings in Emerson Electric by 4.5% in the third quarter. Homrich & Berg now owns 3,252 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 139 shares in the last quarter. Coastline Trust Co increased its stake in Emerson Electric by 0.4% in the fourth quarter. Coastline Trust Co now owns 34,235 shares of the industrial products company’s stock valued at $2,611,000 after purchasing an additional 145 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Emerson Electric by 38.5% during the third quarter. Golden State Wealth Management LLC now owns 540 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 150 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in shares of Emerson Electric by 1.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 8,630 shares of the industrial products company’s stock valued at $577,000 after purchasing an additional 150 shares during the period. Finally, Marble Harbor Investment Counsel LLC boosted its position in shares of Emerson Electric by 0.3% during the 3rd quarter. Marble Harbor Investment Counsel LLC now owns 45,336 shares of the industrial products company’s stock worth $3,031,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 70.55% of the company’s stock.

Several analysts have recently commented on EMR shares. Barclays raised their target price on Emerson Electric from $75.00 to $78.00 and gave the company an “equal weight” rating in a research note on Monday. They noted that the move was a valuation call. Cfra downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Citigroup increased their price target on Emerson Electric from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Royal Bank of Canada upgraded Emerson Electric from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $65.00 to $77.00 in a report on Monday, September 30th. Finally, HSBC cut 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 research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $76.25.

In other news, CFO Frank J. Dellaquila sold 40,817 shares of Emerson Electric stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $73.73, for a total transaction of $3,009,437.41. Following the completion of the transaction, the chief financial officer now directly owns 278,803 shares in the company, valued at $20,556,145.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Surendralal Lanca Karsanbhai sold 4,779 shares of Emerson Electric stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $73.70, for a total transaction of $352,212.30. Following the transaction, the insider now owns 39,005 shares of the company’s stock, valued at $2,874,668.50. The disclosure for this sale can be found here. Insiders have sold 63,565 shares of company stock valued at $4,701,330 over the last quarter. Corporate insiders own 0.50% of the company’s stock.

Shares of NYSE EMR traded up $0.43 during mid-day trading on Thursday, reaching $77.40. 43,625 shares of the company’s stock traded hands, compared to its average volume of 2,021,115. The stock has a market cap of $46.83 billion, a P/E ratio of 20.99, a PEG ratio of 2.67 and a beta of 1.38. The business has a 50-day simple moving average of $75.91 and a 200 day simple moving average of $68.23. Emerson Electric Co. has a 1-year low of $55.98 and a 1-year high of $77.98. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 0.88.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data 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 firm 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%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share. Equities research analysts anticipate that Emerson Electric Co. will post 3.63 earnings per share for the current fiscal year.

Emerson Electric 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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