Emerson Electric Co. (NYSE:EMR) Shares Sold by Fruth Investment Management

Fruth Investment Management cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,533 shares of the industrial products company’s stock after selling 970 shares during the quarter. Emerson Electric makes up 1.3% of Fruth Investment Management’s portfolio, making the stock its 18th largest holding. Fruth Investment Management’s holdings in Emerson Electric were worth $4,899,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. State Street Corp increased its stake in shares of Emerson Electric by 6.2% in the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after purchasing an additional 1,507,980 shares during the period. Wellington Management Group LLP increased its position in Emerson Electric by 4.2% in the 3rd quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock valued at $1,591,612,000 after acquiring an additional 581,102 shares during the period. Geode Capital Management LLC raised its stake in Emerson Electric by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after acquiring an additional 162,985 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Emerson Electric by 5.7% in the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock worth $871,083,000 after purchasing an additional 375,470 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after purchasing an additional 2,016,075 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

NYSE EMR opened at $124.81 on Thursday. The company has a 50 day moving average price of $126.93 and a two-hundred day moving average price of $116.61. Emerson Electric Co. has a 12-month low of $93.03 and a 12-month high of $134.85. The stock has a market capitalization of $71.08 billion, a PE ratio of 36.50, a price-to-earnings-growth ratio of 2.22 and a beta of 1.34. 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 posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 11.25% and a return on equity of 11.73%. As a group, equities analysts predict that Emerson Electric Co. will post 5.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Finally, Jefferies Financial Group initiated coverage on Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.45.

Emerson Electric Profile

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.