BLB&B Advisors LLC Has $4.88 Million Holdings in Emerson Electric Co. (EMR)

BLB&B Advisors LLC reduced its stake in Emerson Electric Co. (NYSE:EMR) by 11.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,770 shares of the industrial products company’s stock after selling 8,220 shares during the period. BLB&B Advisors LLC’s holdings in Emerson Electric were worth $4,884,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. First PREMIER Bank increased its stake in shares of Emerson Electric by 1.9% during the third quarter. First PREMIER Bank now owns 36,665 shares of the industrial products company’s stock valued at $2,807,000 after buying an additional 684 shares during the period. Windward Capital Management Co. CA increased its stake in shares of Emerson Electric by 2.3% during the third quarter. Windward Capital Management Co. CA now owns 31,021 shares of the industrial products company’s stock valued at $2,376,000 after buying an additional 688 shares during the period. Cypress Capital Group increased its stake in shares of Emerson Electric by 3.1% during the first quarter. Cypress Capital Group now owns 23,601 shares of the industrial products company’s stock valued at $1,612,000 after buying an additional 715 shares during the period. Courier Capital LLC increased its stake in shares of Emerson Electric by 3.3% during the second quarter. Courier Capital LLC now owns 22,555 shares of the industrial products company’s stock valued at $1,559,000 after buying an additional 718 shares during the period. Finally, Orca Investment Management LLC increased its stake in shares of Emerson Electric by 15.3% during the second quarter. Orca Investment Management LLC now owns 5,502 shares of the industrial products company’s stock valued at $380,000 after buying an additional 732 shares during the period. 70.35% of the stock is currently owned by institutional investors and hedge funds.

Shares of EMR stock opened at $71.92 on Friday. The firm has a market capitalization of $48.13 billion, a P/E ratio of 27.24, a PEG ratio of 2.25 and a beta of 1.15. Emerson Electric Co. has a twelve month low of $57.47 and a twelve month high of $79.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 1.23.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.02. The company had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.47 billion. Emerson Electric had a return on equity of 22.83% and a net margin of 12.33%. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 earnings per share. As a group, equities analysts anticipate that Emerson Electric Co. will post 3.19 earnings per share for the current fiscal year.

In other Emerson Electric news, President Edward L. Monser sold 60,000 shares of the business’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $76.10, for a total value of $4,566,000.00. Following the sale, the president now directly owns 176,477 shares of the company’s stock, valued at $13,429,899.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Edward L. Monser sold 30,000 shares of the business’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $75.84, for a total value of $2,275,200.00. Following the completion of the sale, the president now directly owns 176,477 shares in the company, valued at $13,384,015.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 96,409 shares of company stock worth $7,317,004. 0.84% of the stock is owned by insiders.

EMR has been the topic of several research analyst reports. ValuEngine cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a research note on Tuesday, July 3rd. MED raised Emerson Electric from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research note on Thursday, July 12th. Deutsche Bank set a $81.00 target price on Emerson Electric and gave the company a “buy” rating in a research note on Thursday, July 12th. Finally, Robert W. Baird reissued a “hold” rating and set a $76.00 target price on shares of Emerson Electric in a research note on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. Emerson Electric currently has a consensus rating of “Buy” and a consensus price target of $78.67.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

See Also: Should I follow buy, hold and sell recommendations?

Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR).

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

Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply