Naples Global Advisors LLC increased its position in Emerson Electric Co. (NYSE:EMR) by 7.1% during the third quarter, HoldingsChannel.com reports. The fund owned 21,898 shares of the industrial products company’s stock after acquiring an additional 1,450 shares during the quarter. Naples Global Advisors LLC’s holdings in Emerson Electric were worth $1,464,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EMR. Gradient Investments LLC grew its holdings in Emerson Electric by 164.4% during the 3rd quarter. Gradient Investments LLC now owns 386 shares of the industrial products company’s stock valued at $26,000 after buying an additional 240 shares during the last quarter. Ellevest Inc. grew its holdings in Emerson Electric by 110.0% during the 2nd quarter. Ellevest Inc. now owns 420 shares of the industrial products company’s stock valued at $28,000 after buying an additional 220 shares during the last quarter. Larson Financial Group LLC grew its holdings in 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 buying an additional 196 shares during the last quarter. Garrett Wealth Advisory Group LLC acquired a new stake in Emerson Electric during the 3rd quarter valued at $31,000. Finally, Massey Quick Simon & CO. LLC grew its holdings in Emerson Electric by 1,823.1% during the 3rd quarter. Massey Quick Simon & CO. LLC now owns 500 shares of the industrial products company’s stock valued at $33,000 after buying an additional 474 shares during the last quarter. Institutional investors and hedge funds own 70.55% of the company’s stock.
Shares of EMR stock traded up $0.17 during mid-day trading on Monday, hitting $70.99. 123,402 shares of the company’s stock were exchanged, compared to its average volume of 3,471,342. Emerson Electric Co. has a fifty-two week low of $55.38 and a fifty-two week high of $73.24. The stock has a 50-day simple moving average of $65.81 and a two-hundred day simple moving average of $65.00. The company has a quick ratio of 0.85, a current ratio of 1.18 and a debt-to-equity ratio of 0.49. The stock has a market cap of $42.98 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 2.33 and a beta of 1.37.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.94. Emerson Electric had a return on equity of 24.67% and a net margin of 12.06%. The business had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter last year, the firm earned $1.12 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. As a group, analysts anticipate that Emerson Electric Co. will post 3.63 earnings per share for the current fiscal year.
A number of equities research analysts have commented on EMR shares. Argus cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Barclays lowered their target price on Emerson Electric from $65.00 to $64.00 and set an “equal weight” rating on the stock in a report on Monday, September 30th. Morgan Stanley lowered their target price on Emerson Electric from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Wednesday, October 9th. Credit Suisse Group lowered their target price on Emerson Electric from $74.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, Deutsche Bank lowered their target price on Emerson Electric from $74.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $72.21.
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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