Emerson Electric Co. (NYSE:EMR) Shares Sold by Zeke Capital Advisors LLC

Zeke Capital Advisors LLC trimmed its position in Emerson Electric Co. (NYSE:EMR) by 1.1% in the second quarter, HoldingsChannel.com reports. The firm owned 15,255 shares of the industrial products company’s stock after selling 171 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Emerson Electric were worth $1,018,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Glassman Wealth Services lifted its position in shares of Emerson Electric by 240.7% during the 1st quarter. Glassman Wealth Services now owns 402 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 284 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Emerson Electric by 80.3% during the 2nd quarter. Larson Financial Group LLC now owns 440 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 196 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Emerson Electric during the 1st quarter valued at $34,000. Westside Investment Management Inc. acquired a new stake in shares of Emerson Electric during the 2nd quarter valued at $34,000. Finally, Legacy Advisors LLC acquired a new stake in shares of Emerson Electric during the 1st quarter valued at $41,000. Hedge funds and other institutional investors own 70.17% of the company’s stock.

In other news, insider Michael H. Train sold 12,278 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $63.80, for a total value of $783,336.40. Following the transaction, the insider now directly owns 129,298 shares of the company’s stock, valued at $8,249,212.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Bell Katherine Button sold 4,470 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $65.00, for a total transaction of $290,550.00. Following the completion of the transaction, the vice president now directly owns 18,040 shares in the company, valued at $1,172,600. The disclosure for this sale can be found here. Insiders sold 40,333 shares of company stock valued at $2,583,230 in the last 90 days. Corporate insiders own 0.07% of the company’s stock.

Shares of EMR traded down $1.67 during mid-day trading on Monday, reaching $59.99. The company’s stock had a trading volume of 203,742 shares, compared to its average volume of 2,649,350. The company has a fifty day moving average price of $65.31. The company has a market cap of $37.90 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 2.00 and a beta of 1.32. Emerson Electric Co. has a 1 year low of $55.38 and a 1 year high of $79.70. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.76 and a current ratio of 1.07.

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

EMR has been the subject of a number of recent research reports. Zacks Investment Research downgraded Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price objective for the company. in a research report on Tuesday, July 23rd. Credit Suisse Group cut their price objective on Emerson Electric from $80.00 to $74.00 and set an “outperform” rating for the company in a research report on Wednesday, June 5th. Citigroup cut their price objective on Emerson Electric from $79.00 to $77.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Finally, Deutsche Bank cut their price objective on Emerson Electric from $74.00 to $73.00 and set a “buy” rating for the company in a research report on Monday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $74.81.

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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