Pacer Advisors Inc. Purchases 58,115 Shares of Emerson Electric Co. (NYSE:EMR)

Pacer Advisors Inc. lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 40,926.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 58,257 shares of the industrial products company’s stock after purchasing an additional 58,115 shares during the period. Pacer Advisors Inc.’s holdings in Emerson Electric were worth $3,989,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EMR. Moody National Bank Trust Division bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $27,000. Csenge Advisory Group bought a new stake in shares of Emerson Electric during the third quarter valued at approximately $28,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $30,000. Norway Savings Bank raised its position in shares of Emerson Electric by 60.1% during the fourth quarter. Norway Savings Bank now owns 533 shares of the industrial products company’s stock valued at $32,000 after buying an additional 200 shares during the last quarter. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 72.65% of the company’s stock.

A number of research firms recently weighed in on EMR. Citigroup raised shares of Emerson Electric from a “sell” rating to a “neutral” rating and set a $66.00 target price for the company in a report on Monday, January 14th. Stephens reissued a “buy” rating and issued a $68.00 target price on shares of Emerson Electric in a report on Sunday, January 6th. Cowen reissued a “buy” rating and issued a $81.00 target price on shares of Emerson Electric in a report on Wednesday, January 30th. Zacks Investment Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a report on Tuesday, April 2nd. Finally, Morgan Stanley set a $77.00 target price on shares of Emerson Electric and gave the company a “buy” rating in a report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. Emerson Electric currently has an average rating of “Buy” and a consensus target price of $76.41.

NYSE EMR traded up $1.00 on Friday, hitting $71.10. 2,516,296 shares of the stock were exchanged, compared to its average volume of 3,360,294. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $43.70 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.22 and a beta of 1.23. Emerson Electric Co. has a 52-week low of $55.38 and a 52-week high of $79.70.

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

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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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