Moors & Cabot Inc. Purchases 1,400 Shares of Emerson Electric Co. $EMR

Moors & Cabot Inc. raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,908 shares of the industrial products company’s stock after acquiring an additional 1,400 shares during the quarter. Moors & Cabot Inc.’s holdings in Emerson Electric were worth $12,387,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EMR. Brighton Jones LLC raised its position in shares of Emerson Electric by 74.1% during the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after buying an additional 4,850 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Emerson Electric by 6.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,728,777 shares of the industrial products company’s stock valued at $189,543,000 after purchasing an additional 106,623 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in shares of Emerson Electric by 6.0% in the first quarter. TD Private Client Wealth LLC now owns 43,030 shares of the industrial products company’s stock worth $4,718,000 after purchasing an additional 2,448 shares during the last quarter. Highview Capital Management LLC DE lifted its position in shares of Emerson Electric by 5.5% in the first quarter. Highview Capital Management LLC DE now owns 6,591 shares of the industrial products company’s stock worth $723,000 after buying an additional 341 shares in the last quarter. Finally, Garrett Wealth Advisory Group LLC boosted its stake in Emerson Electric by 14.1% during the first quarter. Garrett Wealth Advisory Group LLC now owns 3,650 shares of the industrial products company’s stock valued at $400,000 after buying an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on EMR shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Wolfe Research dropped their price target on Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. Citigroup raised their price objective on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, July 14th. JPMorgan Chase & Co. raised their price target on Emerson Electric from $135.00 to $151.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 15th. Finally, Daiwa Capital Markets boosted their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $148.28.

Emerson Electric Stock Performance

EMR stock opened at $137.71 on Wednesday. The firm has a market cap of $77.50 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 2.36 and a beta of 1.30. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The business’s fifty day simple moving average is $132.50 and its two-hundred day simple moving average is $129.29.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The firm had revenue of $3.16 billion for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. Analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

About Emerson Electric

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.