Pacer Advisors Inc. lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 10.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 65,517 shares of the industrial products company’s stock after buying an additional 6,348 shares during the period. Pacer Advisors Inc.’s holdings in Emerson Electric were worth $4,380,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of EMR. H2O AM LLP grew its holdings in Emerson Electric by 58.2% during the 2nd quarter. H2O AM LLP now owns 348,979 shares of the industrial products company’s stock valued at $21,874,000 after buying an additional 128,428 shares in the last quarter. Delta Asset Management LLC TN lifted its position in Emerson Electric by 0.5% in the second quarter. Delta Asset Management LLC TN now owns 114,619 shares of the industrial products company’s stock worth $7,647,000 after buying an additional 598 shares during the last quarter. DNB Asset Management AS lifted its position in shares of Emerson Electric by 4.3% during the second quarter. DNB Asset Management AS now owns 127,098 shares of the industrial products company’s stock worth $8,480,000 after purchasing an additional 5,283 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Emerson Electric by 14.3% during the second quarter. Janus Henderson Group PLC now owns 215,440 shares of the industrial products company’s stock worth $14,375,000 after purchasing an additional 27,015 shares during the last quarter. Finally, Calamos Advisors LLC lifted its position in shares of Emerson Electric by 1.0% during the second quarter. Calamos Advisors LLC now owns 909,510 shares of the industrial products company’s stock worth $60,682,000 after purchasing an additional 9,115 shares during the last quarter. Hedge funds and other institutional investors own 70.52% of the company’s stock.
Shares of EMR opened at $67.04 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.85 and a current ratio of 1.18. Emerson Electric Co. has a one year low of $55.38 and a one year high of $74.31. The stock has a market capitalization of $39.13 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 2.07 and a beta of 1.37. The stock has a 50 day moving average price of $62.92 and a 200 day moving average price of $65.01.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.94 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.94. Emerson Electric had a return on equity of 24.67% and a net margin of 12.06%. The firm had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the previous year, the business earned $1.12 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts predict that Emerson Electric Co. will post 3.63 earnings per share for the current year.
Several equities analysts have recently commented on EMR shares. Credit Suisse Group cut their price target on Emerson Electric from $74.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Barclays decreased their price target on Emerson Electric from $65.00 to $64.00 and set an “equal weight” rating for the company in a report on Monday, September 30th. Deutsche Bank cut their price objective on Emerson Electric from $74.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Argus cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Finally, Zacks Investment Research cut Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price target for the company. in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. Emerson Electric currently has a consensus rating of “Hold” and an average price target 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.
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