Emerson Electric Co. (EMR) Holdings Cut by Strs Ohio

Strs Ohio lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 0.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,278,695 shares of the industrial products company’s stock after selling 2,657 shares during the quarter. Strs Ohio owned 0.21% of Emerson Electric worth $87,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in EMR. Guidant Wealth Advisors lifted its position in shares of Emerson Electric by 117.7% during the 1st quarter. Guidant Wealth Advisors now owns 653 shares of the industrial products company’s stock valued at $45,000 after buying an additional 353 shares during the last quarter. Sky Investment Group LLC lifted its position in shares of Emerson Electric by 0.3% during the 1st quarter. Sky Investment Group LLC now owns 53,956 shares of the industrial products company’s stock valued at $3,694,000 after buying an additional 160 shares during the last quarter. Providence Wealth Advisors LLC lifted its position in shares of Emerson Electric by 2.9% during the 1st quarter. Providence Wealth Advisors LLC now owns 7,636 shares of the industrial products company’s stock valued at $530,000 after buying an additional 215 shares during the last quarter. Brookstone Capital Management lifted its position in shares of Emerson Electric by 5.6% during the 1st quarter. Brookstone Capital Management now owns 9,093 shares of the industrial products company’s stock valued at $623,000 after buying an additional 481 shares during the last quarter. Finally, Eastern Bank lifted its position in shares of Emerson Electric by 0.6% during the 1st quarter. Eastern Bank now owns 48,219 shares of the industrial products company’s stock valued at $3,301,000 after buying an additional 286 shares during the last quarter. Hedge funds and other institutional investors own 72.63% of the company’s stock.

A number of research analysts have recently commented on EMR shares. Credit Suisse Group raised Emerson Electric from a “neutral” rating to an “outperform” rating and set a $59.60 price target on the stock in a research report on Thursday, January 3rd. Royal Bank of Canada cut Emerson Electric from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $68.00 to $61.00 in a research report on Thursday, January 3rd. Stephens reaffirmed a “buy” rating and set a $68.00 price target on shares of Emerson Electric in a research report on Sunday, January 6th. Zacks Investment Research raised Emerson Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, January 8th. Finally, Citigroup raised Emerson Electric from a “sell” rating to a “neutral” rating and set a $66.00 price target on the stock in a research report on Monday, January 14th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Emerson Electric currently has a consensus rating of “Buy” and a consensus target price of $76.61.

Shares of EMR opened at $72.51 on Monday. The stock has a market cap of $44.57 billion, a P/E ratio of 21.45, a P/E/G ratio of 2.27 and a beta of 1.24. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 0.88. Emerson Electric Co. has a 52-week low of $55.38 and a 52-week high of $79.70.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.08. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Emerson Electric had a return on equity of 24.21% and a net margin of 12.83%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 EPS. As a group, research analysts expect that Emerson Electric Co. will post 3.7 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Emerson Electric Co. (EMR) Holdings Cut by Strs Ohio” was reported by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://www.baseballdailydigest.com/news/2019/04/22/emerson-electric-co-emr-holdings-cut-by-strs-ohio.html.

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.

Recommended Story: What is the Current Ratio?

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

Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.