Louisiana State Employees Retirement System trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 4.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,100 shares of the industrial products company’s stock after selling 1,700 shares during the period. Louisiana State Employees Retirement System’s holdings in Emerson Electric were worth $2,565,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of EMR. Clarus Wealth Advisors purchased a new position in Emerson Electric during the second quarter valued at $100,000. W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in Emerson Electric during the first quarter valued at $102,000. Stelac Advisory Services LLC purchased a new position in Emerson Electric during the first quarter valued at $120,000. Well Done LLC purchased a new position in Emerson Electric during the first quarter valued at $142,000. Finally, Optimum Investment Advisors purchased a new position in Emerson Electric during the first quarter valued at $144,000. 69.63% of the stock is owned by institutional investors.
Several research firms recently weighed in on EMR. Zacks Investment Research cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Tuesday, April 24th. MED raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a research note on Thursday, July 12th. ValuEngine cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. Citigroup cut their target price on shares of Emerson Electric from $68.00 to $67.00 and set a “sell” rating for the company in a research note on Wednesday, May 2nd. Finally, Stifel Nicolaus increased their price objective on shares of Emerson Electric from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, May 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $74.06.
Emerson Electric opened at $69.80 on Friday, Marketbeat Ratings reports. Emerson Electric Co. has a 52 week low of $57.47 and a 52 week high of $74.45. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 0.98. The firm has a market cap of $43.91 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 2.05 and a beta of 1.18.
Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, May 1st. The industrial products company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.04. Emerson Electric had a net margin of 10.83% and a return on equity of 21.69%. The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same quarter last year, the business earned $0.45 earnings per share. Emerson Electric’s quarterly revenue was up 18.9% compared to the same quarter last year. research analysts anticipate that Emerson Electric Co. will post 3.19 EPS for the current fiscal year.
In other Emerson Electric news, insider Michael H. Train sold 24,166 shares of the stock in a transaction on Monday, June 18th. The shares were sold at an average price of $71.46, for a total transaction of $1,726,902.36. Following the completion of the transaction, the insider now owns 121,626 shares in the company, valued at $8,691,393.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is owned by company insiders.
About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.
Further Reading: Book Value Per Share – BVPS
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