Guidant Wealth Advisors Buys 353 Shares of Emerson Electric Co. (EMR)

Guidant Wealth Advisors lifted its stake in Emerson Electric Co. (NYSE:EMR) by 117.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 653 shares of the industrial products company’s stock after buying an additional 353 shares during the period. Guidant Wealth Advisors’ holdings in Emerson Electric were worth $45,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc increased its holdings in Emerson Electric by 2.4% during the 3rd quarter. Vanguard Group Inc now owns 51,601,229 shares of the industrial products company’s stock valued at $3,951,622,000 after purchasing an additional 1,214,362 shares in the last quarter. BlackRock Inc. increased its holdings in Emerson Electric by 5.9% during the 4th quarter. BlackRock Inc. now owns 42,076,883 shares of the industrial products company’s stock valued at $2,514,093,000 after purchasing an additional 2,358,763 shares in the last quarter. Northern Trust Corp increased its holdings in Emerson Electric by 2.1% during the 4th quarter. Northern Trust Corp now owns 9,421,260 shares of the industrial products company’s stock valued at $562,921,000 after purchasing an additional 192,698 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Emerson Electric by 3,146,008.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 9,375,404 shares of the industrial products company’s stock valued at $717,967,000 after purchasing an additional 9,375,106 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Emerson Electric by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 7,394,814 shares of the industrial products company’s stock valued at $441,115,000 after purchasing an additional 355,369 shares in the last quarter. 72.63% of the stock is owned by institutional investors and hedge funds.

NYSE EMR opened at $72.51 on Monday. The firm has a market capitalization of $44.57 billion, a PE ratio of 21.45, a PEG ratio of 2.27 and a beta of 1.24. Emerson Electric Co. has a 52 week low of $55.38 and a 52 week high of $79.70. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 0.32.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, February 5th. The industrial products company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.08. Emerson Electric had a return on equity of 24.21% and a net margin of 12.83%. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period last year, the firm earned $0.61 EPS. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities research analysts expect that Emerson Electric Co. will post 3.7 EPS for the current year.

A number of equities research analysts recently weighed in on EMR shares. Zacks Investment Research cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. 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 report on Thursday, January 3rd. Credit Suisse Group raised Emerson Electric from a “neutral” rating to an “outperform” rating and set a $59.60 price target for the company in a report on Thursday, January 3rd. Citigroup raised Emerson Electric from a “neutral” rating to a “buy” rating and raised their price target for the company from $67.00 to $81.00 in a report on Monday, April 8th. Finally, Cowen reaffirmed a “buy” rating and set a $81.00 price target on shares of Emerson Electric in a report on Tuesday, February 5th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target 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.

Further Reading: Convertible Shares

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

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