Emerson Electric Co. (NYSE:EMR) Shares Sold by Murphy Capital Management Inc.

Murphy Capital Management Inc. decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 7.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,618 shares of the industrial products company’s stock after selling 1,080 shares during the quarter. Murphy Capital Management Inc.’s holdings in Emerson Electric were worth $841,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Garner Asset Management Corp increased its stake in Emerson Electric by 2.2% during the 1st quarter. Garner Asset Management Corp now owns 6,434 shares of the industrial products company’s stock worth $441,000 after buying an additional 139 shares during the period. Ropes Wealth Advisors LLC increased its stake in Emerson Electric by 1.2% during the 1st quarter. Ropes Wealth Advisors LLC now owns 12,197 shares of the industrial products company’s stock worth $835,000 after buying an additional 146 shares during the period. Pathway Financial Advisors LLC increased its stake in Emerson Electric by 3.3% during the 1st quarter. Pathway Financial Advisors LLC now owns 4,758 shares of the industrial products company’s stock worth $326,000 after buying an additional 153 shares during the period. Wilbanks Smith & Thomas Asset Management LLC increased its stake in Emerson Electric by 3.7% during the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 4,412 shares of the industrial products company’s stock worth $302,000 after buying an additional 157 shares during the period. Finally, Sky Investment Group LLC increased its position in shares of Emerson Electric by 0.3% in the 1st quarter. Sky Investment Group LLC now owns 53,956 shares of the industrial products company’s stock worth $3,694,000 after purchasing an additional 160 shares during the last quarter. Institutional investors and hedge funds own 70.41% of the company’s stock.

Shares of EMR traded down $1.10 during midday trading on Friday, hitting $61.66. The company had a trading volume of 4,570,430 shares, compared to its average volume of 2,422,730. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.44. Emerson Electric Co. has a 52 week low of $55.38 and a 52 week high of $79.70. The firm has a 50 day moving average price of $65.31. The stock has a market cap of $39.88 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 2.10 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.84. Emerson Electric had a net margin of 12.81% and a return on equity of 24.63%. The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the prior year, the firm earned $0.76 EPS. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, research analysts predict that Emerson Electric Co. will post 3.64 EPS for the current fiscal year.

In related news, VP Bell Katherine Button sold 4,470 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $65.00, for a total transaction of $290,550.00. Following the completion of the sale, the vice president now owns 18,040 shares of the company’s stock, valued at approximately $1,172,600. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael H. Train sold 12,278 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $63.80, for a total transaction of $783,336.40. Following the sale, the insider now directly owns 129,298 shares of the company’s stock, valued at approximately $8,249,212.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,333 shares of company stock valued at $2,583,230. Insiders own 0.07% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Credit Suisse Group dropped their target price on shares of Emerson Electric from $80.00 to $74.00 and set an “outperform” rating for the company in a research report on Wednesday, June 5th. Zacks Investment Research downgraded shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 target price for the company. in a research report on Tuesday, July 23rd. Finally, Citigroup dropped their target price on shares of Emerson Electric from $79.00 to $77.00 and set a “buy” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $75.19.

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.

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

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