BTR Capital Management Inc. Sells 350 Shares of Emerson Electric Co. (NYSE:EMR)

BTR Capital Management Inc. reduced its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.6% during the fourth quarter, Holdings Channel reports. The firm owned 12,995 shares of the industrial products company’s stock after selling 350 shares during the period. BTR Capital Management Inc.’s holdings in Emerson Electric were worth $991,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Homrich & Berg lifted its stake in shares of Emerson Electric by 4.5% in the 3rd quarter. Homrich & Berg now owns 3,252 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 139 shares during the last quarter. Coastline Trust Co lifted its stake in shares of Emerson Electric by 0.4% in the 4th 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 during the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Emerson Electric by 38.5% in the 3rd 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 last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of Emerson Electric by 1.8% in the 3rd 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 last quarter. Finally, Marble Harbor Investment Counsel LLC lifted its stake in shares of Emerson Electric by 0.3% in the 3rd quarter. Marble Harbor Investment Counsel LLC now owns 45,336 shares of the industrial products company’s stock valued at $3,031,000 after purchasing an additional 150 shares during the last quarter. 70.55% of the stock is currently owned by institutional investors.

In other Emerson Electric news, CFO Frank J. Dellaquila sold 40,817 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $73.73, for a total transaction of $3,009,437.41. Following the sale, the chief financial officer now owns 278,803 shares in the company, valued at approximately $20,556,145.19. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark A. Blinn purchased 1,400 shares of the business’s stock in a transaction on Friday, November 15th. The shares were bought at an average price of $73.11 per share, for a total transaction of $102,354.00. Following the acquisition, the director now owns 2,413 shares in the company, valued at $176,414.43. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 63,565 shares of company stock worth $4,701,330. 0.50% of the stock is owned by company insiders.

Several equities analysts have recently commented on EMR shares. Royal Bank of Canada raised 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 note on Monday, September 30th. Citigroup increased their target price on Emerson Electric from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. HSBC lowered Emerson Electric from a “hold” rating to a “reduce” rating and set a $64.00 target price on the stock. in a research note on Thursday, November 14th. Cfra lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, UBS Group assumed coverage on Emerson Electric in a research note on Thursday, December 12th. They set a “neutral” rating and a $78.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $76.25.

NYSE EMR traded up $0.40 during trading hours on Friday, hitting $78.27. 38,637 shares of the company were exchanged, compared to its average volume of 2,529,220. The company has a 50 day moving average of $75.98 and a two-hundred day moving average of $68.28. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.52. Emerson Electric Co. has a 52-week low of $55.98 and a 52-week high of $77.98. The firm has a market cap of $46.83 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 2.67 and a beta of 1.38.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.07 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.07. Emerson Electric had a return on equity of 26.32% and a net margin of 12.55%. The company had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter in the prior year, the business earned $0.89 EPS. Emerson Electric’s revenue was up 1.7% on a year-over-year basis. On average, equities research analysts predict that Emerson Electric Co. will post 3.63 EPS for the current 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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