Emerson Electric Co. $EMR Holdings Trimmed by Intact Investment Management Inc.

Intact Investment Management Inc. trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 85.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,500 shares of the industrial products company’s stock after selling 31,300 shares during the period. Intact Investment Management Inc.’s holdings in Emerson Electric were worth $730,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric during the 2nd quarter valued at $29,000. Ares Financial Consulting LLC purchased a new position in shares of Emerson Electric during the 4th quarter valued at $29,000. Steph & Co. purchased a new position in shares of Emerson Electric during the 4th quarter valued at $33,000. Wealth Watch Advisors INC purchased a new position in shares of Emerson Electric during the 3rd quarter valued at $33,000. Finally, Ameriflex Group Inc. grew its holdings in shares of Emerson Electric by 96.4% during the 3rd quarter. Ameriflex Group Inc. now owns 326 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 160 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EMR. Daiwa Securities Group boosted their price target on shares of Emerson Electric from $153.00 to $177.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. raised their price objective on shares of Emerson Electric from $150.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. TD Cowen lowered shares of Emerson Electric from a “buy” rating to a “hold” rating and set a $150.00 price objective on the stock. in a research report on Friday, January 9th. Barclays cut their price objective on shares of Emerson Electric from $145.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. Finally, Weiss Ratings lowered shares of Emerson Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 4th. Twelve equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $162.38.

Emerson Electric Stock Down 1.3%

EMR stock opened at $135.62 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 0.37. Emerson Electric Co. has a 1 year low of $106.53 and a 1 year high of $165.15. The company has a fifty day simple moving average of $138.85 and a 200 day simple moving average of $138.98. The firm has a market cap of $76.22 billion, a PE ratio of 33.16, a PEG ratio of 2.19 and a beta of 1.26.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.05. Emerson Electric had a net margin of 12.72% and a return on equity of 17.25%. The business had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the previous year, the business earned $1.38 EPS. Emerson Electric’s quarterly revenue was up 4.1% compared to the same quarter last year. Sell-side analysts anticipate that Emerson Electric Co. will post 6.5 EPS for the current fiscal year.

Insider Activity at Emerson Electric

In related news, Director Matthew S. Levatich sold 1,476 shares of Emerson Electric stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $162.16, for a total value of $239,348.16. Following the completion of the sale, the director owned 24,349 shares of the company’s stock, valued at approximately $3,948,433.84. The trade was a 5.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $142.32, for a total transaction of $811,224.00. Following the transaction, the chief executive officer directly owned 281,393 shares of the company’s stock, valued at approximately $40,047,851.76. This represents a 1.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 13,879 shares of company stock valued at $2,116,818. Insiders own 0.23% of the company’s stock.

About Emerson Electric

Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.

Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.