Duncker Streett & Co. Inc. trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,963 shares of the industrial products company’s stock after selling 295 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Emerson Electric were worth $1,598,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Glassman Wealth Services grew its stake in Emerson Electric by 240.7% during the first quarter. Glassman Wealth Services now owns 402 shares of the industrial products company’s stock worth $28,000 after buying an additional 284 shares during the last quarter. Larson Financial Group LLC grew its stake in Emerson Electric by 80.3% during the second quarter. Larson Financial Group LLC now owns 440 shares of the industrial products company’s stock worth $29,000 after buying an additional 196 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Emerson Electric during the first quarter valued at approximately $34,000. Legacy Advisors LLC bought a new stake in shares of Emerson Electric during the first quarter valued at approximately $41,000. Finally, Buffington Mohr McNeal bought a new stake in shares of Emerson Electric during the first quarter valued at approximately $41,000. 70.41% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE EMR opened at $61.66 on Friday. The firm has a 50 day simple moving average of $65.31. Emerson Electric Co. has a fifty-two week low of $55.38 and a fifty-two week high of $79.70. The firm has a market capitalization of $38.57 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 2.03 and a beta of 1.32. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 0.76.
EMR has been the topic of several research analyst reports. Credit Suisse Group decreased their price target on shares of Emerson Electric from $80.00 to $74.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. Citigroup decreased their price target on shares of Emerson Electric from $79.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Finally, Zacks Investment Research cut shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price target on the stock. in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $75.19.
In related news, VP Bell Katherine Button sold 7,794 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $64.17, for a total value of $500,140.98. Following the transaction, the vice president now directly owns 22,510 shares in the company, valued at $1,444,466.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael H. Train sold 12,278 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $63.80, for a total transaction of $783,336.40. Following the completion of the transaction, the insider now owns 129,298 shares in the company, valued at $8,249,212.40. The disclosure for this sale can be found here. Insiders sold 40,333 shares of company stock worth $2,583,230 over the last 90 days. 0.07% of the stock is currently owned by company insiders.
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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