Emerson Electric Co. (NYSE:EMR) Shares Bought by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC raised its holdings in Emerson Electric Co. (NYSE:EMR) by 90.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,563 shares of the industrial products company’s stock after acquiring an additional 7,390 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Emerson Electric were worth $1,003,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of EMR. Nuveen Asset Management LLC lifted its holdings in Emerson Electric by 8,529.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,314,570 shares of the industrial products company’s stock valued at $154,428,000 after acquiring an additional 2,287,747 shares during the last quarter. Longview Partners Guernsey LTD lifted its holdings in Emerson Electric by 13.7% in the 2nd quarter. Longview Partners Guernsey LTD now owns 16,863,972 shares of the industrial products company’s stock valued at $1,125,164,000 after acquiring an additional 2,034,380 shares during the last quarter. Morgan Stanley lifted its holdings in Emerson Electric by 41.3% in the 2nd quarter. Morgan Stanley now owns 6,534,287 shares of the industrial products company’s stock valued at $435,968,000 after acquiring an additional 1,909,769 shares during the last quarter. Senator Investment Group LP acquired a new stake in Emerson Electric in the 2nd quarter valued at about $86,736,000. Finally, American Century Companies Inc. lifted its holdings in Emerson Electric by 46.4% in the 1st quarter. American Century Companies Inc. now owns 2,708,094 shares of the industrial products company’s stock valued at $185,423,000 after acquiring an additional 858,733 shares during the last quarter. 70.52% of the stock is owned by institutional investors.

EMR stock traded up $2.28 during mid-day trading on Friday, reaching $67.33. 238,959 shares of the stock traded hands, compared to its average volume of 3,366,701. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.49. Emerson Electric Co. has a 52-week low of $55.38 and a 52-week high of $74.31. The company has a market cap of $38.85 billion, a P/E ratio of 19.87, a P/E/G ratio of 2.04 and a beta of 1.37. The stock’s fifty day moving average is $62.74 and its 200-day moving average is $65.01.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.94. The business had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.82 billion. Emerson Electric had a net margin of 12.06% and a return on equity of 24.67%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 earnings per share. Equities research analysts expect that Emerson Electric Co. will post 3.63 earnings per share for the current year.

EMR has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of Emerson Electric from $65.00 to $64.00 and set an “equal weight” rating for the company in a research note on Monday, September 30th. Cowen set a $72.00 price objective on shares of Emerson Electric and gave the company a “buy” rating in a research note on Monday, September 30th. Stephens set a $71.00 price objective on shares of Emerson Electric and gave the company a “buy” rating in a research note on Monday, September 30th. Wolfe Research set a $72.00 price objective on shares of Emerson Electric and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, Zacks Investment Research lowered shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price objective for the company. in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. Emerson Electric presently has a consensus rating of “Hold” and a consensus target price of $72.21.

Emerson Electric Company 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.

Further Reading: Overbought

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

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