Emerson Electric Co. (EMR) Shares Sold by E&G Advisors LP

E&G Advisors LP decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 18.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,800 shares of the industrial products company’s stock after selling 3,300 shares during the period. E&G Advisors LP’s holdings in Emerson Electric were worth $1,013,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Moody National Bank Trust Division acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $27,000. Csenge Advisory Group acquired a new position in shares of Emerson Electric in the third quarter valued at approximately $28,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $30,000. Norway Savings Bank increased its holdings in shares of Emerson Electric by 60.1% in the fourth quarter. Norway Savings Bank now owns 533 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 200 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Emerson Electric during the first quarter worth $34,000. 72.63% of the stock is currently owned by institutional investors.

EMR opened at $72.51 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32. The firm has a market cap of $44.57 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 2.27 and a beta of 1.24. Emerson Electric Co. has a one year low of $55.38 and a one year high of $79.70.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, February 5th. The industrial products company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.08. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.21 billion. Emerson Electric had a return on equity of 24.21% and a net margin of 12.83%. Emerson Electric’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 earnings per share. On average, equities analysts anticipate that Emerson Electric Co. will post 3.7 earnings per share for the current year.

A number of brokerages recently weighed in on EMR. Citigroup raised Emerson Electric from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $67.00 to $81.00 in a report on Monday, April 8th. Zacks Investment Research lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Credit Suisse Group upped their price objective on Emerson Electric from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, February 6th. Morgan Stanley set a $77.00 price objective on Emerson Electric and gave the stock a “buy” rating in a report on Friday, February 8th. Finally, Cowen reaffirmed a “buy” rating and set a $81.00 price objective on shares of Emerson Electric in a report on Tuesday, February 5th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $76.61.

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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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