Pacer Advisors Inc. Buys 47,744 Shares of Emerson Electric Co. (NYSE:EMR)

Pacer Advisors Inc. raised its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1,367.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,236 shares of the industrial products company’s stock after purchasing an additional 47,744 shares during the period. Pacer Advisors Inc.’s holdings in Emerson Electric were worth $3,178,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in EMR. Wellington Management Group LLP raised its position in shares of Emerson Electric by 408.7% in the 1st quarter. Wellington Management Group LLP now owns 6,530,697 shares of the industrial products company’s stock worth $311,186,000 after acquiring an additional 5,246,997 shares in the last quarter. APG Asset Management N.V. raised its position in shares of Emerson Electric by 145.0% in the 1st quarter. APG Asset Management N.V. now owns 3,526,642 shares of the industrial products company’s stock worth $215,050,000 after acquiring an additional 2,086,941 shares in the last quarter. Fiduciary Management Inc. WI bought a new position in shares of Emerson Electric in the 1st quarter worth about $91,299,000. Mackenzie Financial Corp raised its position in shares of Emerson Electric by 13,339.9% in the 1st quarter. Mackenzie Financial Corp now owns 1,336,465 shares of the industrial products company’s stock worth $63,683,000 after acquiring an additional 1,326,521 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Emerson Electric by 68.0% in the 1st quarter. Alliancebernstein L.P. now owns 1,732,920 shares of the industrial products company’s stock worth $82,574,000 after acquiring an additional 701,677 shares in the last quarter. 71.50% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE EMR opened at $62.01 on Friday. Emerson Electric Co. has a twelve month low of $37.75 and a twelve month high of $78.38. The stock’s 50 day moving average price is $61.89 and its 200-day moving average price is $60.95. The company has a market capitalization of $37.05 billion, a PE ratio of 17.72, a PEG ratio of 3.25 and a beta of 1.50. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.52.

Several research analysts have recently weighed in on EMR shares. Morgan Stanley lifted their price objective on Emerson Electric from $54.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 30th. Cowen restated a “hold” rating and issued a $63.00 target price on shares of Emerson Electric in a research note on Wednesday, April 29th. UBS Group raised their target price on Emerson Electric from $47.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Argus upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Wednesday, April 22nd. Finally, Royal Bank of Canada reduced their target price on Emerson Electric from $51.00 to $50.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $64.93.

In other news, COO Steven J. Pelch sold 5,061 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $67.51, for a total value of $341,668.11. Also, VP Bell Katherine Button sold 687 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $62.27, for a total value of $42,779.49. Following the completion of the transaction, the vice president now owns 29,741 shares in the company, valued at approximately $1,851,972.07. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

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.

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

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