Argus Investors Counsel Inc. Has $881,000 Holdings in Emerson Electric Co. (NYSE:EMR)

Argus Investors Counsel Inc. reduced its stake in Emerson Electric Co. (NYSE:EMR) by 15.5% during the fourth quarter, HoldingsChannel reports. The firm owned 7,110 shares of the industrial products company’s stock after selling 1,300 shares during the quarter. Argus Investors Counsel Inc.’s holdings in Emerson Electric were worth $881,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in EMR. Czech National Bank increased its stake in shares of Emerson Electric by 7.0% in the third quarter. Czech National Bank now owns 116,665 shares of the industrial products company’s stock valued at $12,760,000 after buying an additional 7,646 shares during the period. GAMMA Investing LLC lifted its position in shares of Emerson Electric by 35.0% in the 3rd quarter. GAMMA Investing LLC now owns 7,705 shares of the industrial products company’s stock worth $843,000 after purchasing an additional 1,997 shares during the period. Fulton Bank N.A. boosted its position in Emerson Electric by 16.0% during the third quarter. Fulton Bank N.A. now owns 6,797 shares of the industrial products company’s stock valued at $743,000 after acquiring an additional 935 shares during the last quarter. Trust Co of Kansas grew its holdings in Emerson Electric by 1.7% during the 3rd quarter. Trust Co of Kansas now owns 60,500 shares of the industrial products company’s stock worth $6,617,000 after acquiring an additional 1,020 shares during the period. Finally, Brookstone Capital Management boosted its position in shares of Emerson Electric by 16.8% during the 3rd quarter. Brookstone Capital Management now owns 11,978 shares of the industrial products company’s stock valued at $1,310,000 after purchasing an additional 1,727 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on EMR. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. Robert W. Baird upped their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Royal Bank of Canada dropped their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. JPMorgan Chase & Co. cut their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Finally, Daiwa Capital Markets began coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $136.45.

Emerson Electric Trading Down 2.3 %

NYSE:EMR opened at $124.81 on Thursday. Emerson Electric Co. has a 52 week low of $93.03 and a 52 week high of $134.85. The stock has a market cap of $71.08 billion, a price-to-earnings ratio of 36.50, a PEG ratio of 2.22 and a beta of 1.34. The company’s 50 day moving average price is $126.78 and its 200-day moving average price is $116.66. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 11.25% and a return on equity of 11.73%. On average, equities research analysts forecast that Emerson Electric Co. will post 5.91 earnings per share for the current fiscal year.

About Emerson Electric

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.