South Dakota Investment Council Lowers Stock Position in Emerson Electric Co. $EMR

South Dakota Investment Council trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 15.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,082 shares of the industrial products company’s stock after selling 1,138 shares during the period. South Dakota Investment Council’s holdings in Emerson Electric were worth $811,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Davis Investment Partners LLC purchased a new stake in shares of Emerson Electric in the 2nd quarter valued at approximately $692,000. CORDA Investment Management LLC. purchased a new stake in shares of Emerson Electric in the 2nd quarter valued at approximately $1,173,000. Boyd Watterson Asset Management LLC OH raised its stake in shares of Emerson Electric by 13.8% in the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 17,117 shares of the industrial products company’s stock valued at $1,877,000 after acquiring an additional 2,071 shares during the period. HighTower Advisors LLC raised its stake in shares of Emerson Electric by 1.6% in the 1st quarter. HighTower Advisors LLC now owns 716,343 shares of the industrial products company’s stock valued at $78,540,000 after acquiring an additional 11,097 shares during the period. Finally, DnB Asset Management AS raised its stake in shares of Emerson Electric by 5.6% in the 1st quarter. DnB Asset Management AS now owns 916,663 shares of the industrial products company’s stock valued at $100,503,000 after acquiring an additional 48,226 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Down 1.7%

NYSE EMR opened at $137.71 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27. The stock has a market capitalization of $77.50 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 2.36 and a beta of 1.29. The firm has a 50 day moving average of $132.50 and a two-hundred day moving average of $129.29.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company had revenue of $3.16 billion during the quarter. As a group, research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Wolfe Research reduced their price target on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 8th. Royal Bank Of Canada boosted their price target on shares of Emerson Electric from $154.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of Emerson Electric from $135.00 to $151.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $148.28.

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.