Emerson Electric Co. (NYSE:EMR) Shares Sold by Sawyer & Company Inc

Sawyer & Company Inc cut its holdings in Emerson Electric Co. (NYSE:EMR) by 2.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 26,898 shares of the industrial products company’s stock after selling 554 shares during the period. Emerson Electric comprises approximately 1.3% of Sawyer & Company Inc’s holdings, making the stock its 23rd biggest position. Sawyer & Company Inc’s holdings in Emerson Electric were worth $1,798,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of EMR. Tradewinds Capital Management LLC boosted its stake in Emerson Electric by 15.3% during the 3rd quarter. Tradewinds Capital Management LLC now owns 1,216 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 161 shares during the period. Palisade Asset Management LLC boosted its stake in Emerson Electric by 0.9% during the 3rd quarter. Palisade Asset Management LLC now owns 31,812 shares of the industrial products company’s stock valued at $2,127,000 after purchasing an additional 270 shares during the period. Advisor Partners LLC boosted its stake in Emerson Electric by 11.9% during the 3rd quarter. Advisor Partners LLC now owns 18,163 shares of the industrial products company’s stock valued at $1,214,000 after purchasing an additional 1,933 shares during the period. Osborn Williams & Donohoe LLC boosted its stake in Emerson Electric by 4.1% during the 3rd quarter. Osborn Williams & Donohoe LLC now owns 58,903 shares of the industrial products company’s stock valued at $3,938,000 after purchasing an additional 2,342 shares during the period. Finally, Signaturefd LLC boosted its stake in Emerson Electric by 2.8% during the 3rd quarter. Signaturefd LLC now owns 8,073 shares of the industrial products company’s stock valued at $540,000 after purchasing an additional 218 shares during the period. 70.53% of the stock is owned by institutional investors and hedge funds.

A number of research firms have issued reports on EMR. Stephens set a $71.00 target price 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 target price on shares of Emerson Electric and gave the company a “buy” rating in a research note on Thursday, September 26th. Morgan Stanley reduced their target price on shares of Emerson Electric from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. Citigroup reduced their target price on shares of Emerson Electric from $79.00 to $77.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Finally, Credit Suisse Group reduced their target price on shares of Emerson Electric from $74.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. Emerson Electric presently has an average rating of “Hold” and an average price target of $72.21.

Shares of EMR stock traded up $0.88 during midday trading on Thursday, reaching $68.20. 94,797 shares of the company were exchanged, compared to its average volume of 3,443,327. Emerson Electric Co. has a 12 month low of $55.38 and a 12 month high of $74.31. The company has a market cap of $41.41 billion, a P/E ratio of 20.16, a PEG ratio of 2.24 and a beta of 1.37. The company’s 50 day moving average price is $63.93 and its two-hundred day moving average price is $65.02. 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 (NYSE:EMR) last released its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.94 EPS for the quarter, hitting analysts’ consensus estimates of $0.94. Emerson Electric had a net margin of 12.06% and a return on equity of 24.67%. The company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the previous year, the firm earned $1.12 EPS. Emerson Electric’s revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts predict that Emerson Electric Co. will post 3.63 earnings per share for the current year.

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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