State of Alaska Department of Revenue Increases Position in Emerson Electric Co. (EMR)

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State of Alaska Department of Revenue boosted its stake in Emerson Electric Co. (NYSE:EMR) by 3.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 196,644 shares of the industrial products company’s stock after buying an additional 7,286 shares during the period. State of Alaska Department of Revenue’s holdings in Emerson Electric were worth $11,748,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in EMR. West Oak Capital LLC boosted its holdings in Emerson Electric by 1.4% in the 4th quarter. West Oak Capital LLC now owns 27,079 shares of the industrial products company’s stock valued at $1,618,000 after purchasing an additional 370 shares during the period. Csenge Advisory Group bought a new stake in Emerson Electric in the 3rd quarter valued at about $28,000. Belpointe Asset Management LLC boosted its holdings in Emerson Electric by 14.0% in the 3rd quarter. Belpointe Asset Management LLC now owns 3,510 shares of the industrial products company’s stock valued at $269,000 after purchasing an additional 430 shares during the period. Moody National Bank Trust Division bought a new stake in Emerson Electric in the 4th quarter valued at about $27,000. Finally, First PREMIER Bank boosted its holdings in Emerson Electric by 1.9% in the 3rd quarter. First PREMIER Bank now owns 36,665 shares of the industrial products company’s stock valued at $2,807,000 after purchasing an additional 684 shares during the period. Institutional investors and hedge funds own 70.51% of the company’s stock.

A number of analysts have issued reports on EMR shares. Zacks Investment Research downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Deutsche Bank set a $79.00 price target on shares of Emerson Electric and gave the stock a “buy” rating in a report on Wednesday, November 7th. Credit Suisse Group raised shares of Emerson Electric from a “neutral” rating to an “outperform” rating and set a $59.60 price target for the company in a report on Thursday, January 3rd. Stephens started coverage on shares of Emerson Electric in a report on Monday, November 19th. They set an “overweight” rating and a $80.00 price target for the company. Finally, Robert W. Baird set a $70.00 price target on shares of Emerson Electric and gave the stock a “hold” rating in a report on Monday, December 17th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Emerson Electric presently has a consensus rating of “Hold” and an average target price of $74.91.

Shares of NYSE:EMR opened at $62.11 on Friday. The company has a market capitalization of $38.45 billion, a P/E ratio of 18.38, a P/E/G ratio of 1.95 and a beta of 1.20. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. Emerson Electric Co. has a one year low of $55.38 and a one year high of $79.70.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.03). The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.91 billion. Emerson Electric had a net margin of 12.65% and a return on equity of 23.06%. Emerson Electric’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 EPS. On average, research analysts forecast that Emerson Electric Co. will post 3.66 earnings per share for the current fiscal year.

In related news, insider Surendralal Lanca Karsanbhai sold 9,070 shares of the stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $68.00, for a total value of $616,760.00. Following the completion of the transaction, the insider now owns 20,000 shares of the company’s stock, valued at approximately $1,360,000. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.07% of the stock is owned by corporate insiders.

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About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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

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