Moody Lynn & Lieberson LLC Acquires 2,262 Shares of Emerson Electric Co. (EMR)

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Moody Lynn & Lieberson LLC boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 28.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 10,350 shares of the industrial products company’s stock after purchasing an additional 2,262 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Emerson Electric were worth $793,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Clarus Wealth Advisors bought a new position in Emerson Electric during the second quarter valued at approximately $100,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Emerson Electric in the second quarter valued at approximately $102,000. Kiley Juergens Wealth Management LLC bought a new position in shares of Emerson Electric in the second quarter valued at approximately $105,000. Kaizen Advisory LLC raised its position in shares of Emerson Electric by 151.1% in the second quarter. Kaizen Advisory LLC now owns 1,539 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 926 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in shares of Emerson Electric in the second quarter valued at approximately $113,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

In related news, President Edward L. Monser sold 60,000 shares of the business’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $76.10, for a total transaction of $4,566,000.00. Following the transaction, the president now owns 176,477 shares of the company’s stock, valued at $13,429,899.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Steven J. Pelch sold 6,409 shares of the business’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $74.24, for a total transaction of $475,804.16. The disclosure for this sale can be found here. Insiders have sold 96,409 shares of company stock worth $7,317,004 in the last ninety days. 0.84% of the stock is currently owned by insiders.

A number of equities analysts have recently commented on the stock. Bank of America lifted their price target on shares of Emerson Electric from $82.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, October 4th. Cowen reissued a “buy” rating and issued a $81.00 price target on shares of Emerson Electric in a research report on Wednesday, September 19th. Zacks Investment Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Thursday, October 4th. Barclays lifted their price target on shares of Emerson Electric from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, September 24th. Finally, UBS Group lifted their price target on shares of Emerson Electric from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $78.67.

Shares of EMR stock opened at $66.33 on Tuesday. Emerson Electric Co. has a 1 year low of $57.47 and a 1 year high of $79.70. The firm has a market cap of $41.64 billion, a P/E ratio of 21.72, a P/E/G ratio of 1.74 and a beta of 1.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 1.23.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, August 7th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.02. Emerson Electric had a net margin of 12.33% and a return on equity of 22.83%. The business had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same quarter in the previous year, the firm posted $0.68 earnings per share. Emerson Electric’s revenue was up 10.3% compared to the same quarter last year. Analysts predict that Emerson Electric Co. will post 3.22 EPS for the current year.

Emerson Electric Company Profile

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.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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