Webster Bank N. A. Boosts Holdings in Emerson Electric Co. (EMR)

Webster Bank N. A. raised its stake in Emerson Electric Co. (NYSE:EMR) by 718.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,191 shares of the industrial products company’s stock after buying an additional 21,236 shares during the period. Webster Bank N. A.’s holdings in Emerson Electric were worth $1,852,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First PREMIER Bank raised its stake in Emerson Electric by 1.9% during the 3rd quarter. First PREMIER Bank now owns 36,665 shares of the industrial products company’s stock valued at $2,807,000 after purchasing an additional 684 shares during the period. Windward Capital Management Co. CA raised its stake in Emerson Electric by 2.3% during the 3rd quarter. Windward Capital Management Co. CA now owns 31,021 shares of the industrial products company’s stock valued at $2,376,000 after purchasing an additional 688 shares during the period. Cypress Capital Group raised its stake in Emerson Electric by 3.1% during the 1st quarter. Cypress Capital Group now owns 23,601 shares of the industrial products company’s stock valued at $1,612,000 after purchasing an additional 715 shares during the period. Courier Capital LLC raised its stake in Emerson Electric by 3.3% during the 2nd quarter. Courier Capital LLC now owns 22,555 shares of the industrial products company’s stock valued at $1,559,000 after purchasing an additional 718 shares during the period. Finally, Orca Investment Management LLC raised its stake in Emerson Electric by 15.3% during the 2nd quarter. Orca Investment Management LLC now owns 5,502 shares of the industrial products company’s stock valued at $380,000 after purchasing an additional 732 shares during the period. 70.35% of the stock is currently owned by institutional investors.

EMR has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Thursday, July 19th. Deutsche Bank set a $81.00 target price on shares of Emerson Electric and gave the company a “buy” rating in a research note on Thursday, July 12th. MED raised shares of 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. ValuEngine raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Finally, Argus boosted their target price on shares of Emerson Electric from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, August 14th. One analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $78.67.

In other news, President Edward L. Monser sold 60,000 shares of the business’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $76.10, for a total transaction of $4,566,000.00. Following the transaction, the president now directly owns 176,477 shares in the company, valued at approximately $13,429,899.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Steven J. Pelch sold 6,409 shares of the company’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $74.24, for a total transaction of $475,804.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,409 shares of company stock worth $7,317,004. 0.84% of the stock is currently owned by corporate insiders.

Emerson Electric stock opened at $71.92 on Friday. 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 Co. has a 12 month low of $57.47 and a 12 month high of $79.70. The firm has a market cap of $48.13 billion, a PE ratio of 27.24, a P/E/G ratio of 2.25 and a beta of 1.15.

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

Emerson Electric Profile

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.

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

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