Gemmer Asset Management LLC Sells 434 Shares of Emerson Electric Co. (NYSE:EMR)

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Gemmer Asset Management LLC lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 42.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 577 shares of the industrial products company’s stock after selling 434 shares during the period. Gemmer Asset Management LLC’s holdings in Emerson Electric were worth $39,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Emerson Electric by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 47,199,698 shares of the industrial products company’s stock valued at $3,149,164,000 after acquiring an additional 261,666 shares during the period. Longview Partners Guernsey LTD lifted its stake in Emerson Electric by 13.7% during the 2nd quarter. Longview Partners Guernsey LTD now owns 16,863,972 shares of the industrial products company’s stock valued at $1,125,164,000 after acquiring an additional 2,034,380 shares during the period. Northern Trust Corp lifted its stake in Emerson Electric by 0.4% during the 2nd quarter. Northern Trust Corp now owns 9,480,062 shares of the industrial products company’s stock valued at $632,511,000 after acquiring an additional 36,921 shares during the period. Morgan Stanley increased its position in shares of Emerson Electric by 41.3% during the 2nd quarter. Morgan Stanley now owns 6,534,287 shares of the industrial products company’s stock valued at $435,968,000 after purchasing an additional 1,909,769 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Emerson Electric by 3.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,830,660 shares of the industrial products company’s stock valued at $322,302,000 after purchasing an additional 146,741 shares during the last quarter. Institutional investors and hedge funds own 70.52% of the company’s stock.

Several equities research analysts have recently commented on EMR shares. Zacks Investment Research lowered shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price target for the company. in a research report on Tuesday, July 23rd. Wolfe Research set a $72.00 price target on shares of Emerson Electric and gave the company a “buy” rating in a research report on Thursday, September 26th. Royal Bank of Canada raised shares of Emerson Electric from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $65.00 to $77.00 in a research report on Monday, September 30th. Stephens set a $71.00 price target on shares of Emerson Electric and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, Cowen set a $72.00 price target on shares of Emerson Electric and gave the company a “buy” rating in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. Emerson Electric currently has a consensus rating of “Hold” and a consensus price target of $72.21.

Emerson Electric stock opened at $67.04 on Friday. The firm has a 50 day moving average of $62.92 and a 200 day moving average of $65.01. The firm has a market capitalization of $39.13 billion, a price-to-earnings ratio of 18.66, a P/E/G ratio of 2.07 and a beta of 1.37. Emerson Electric Co. has a 12-month low of $55.38 and a 12-month high of $74.31. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.49.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.94. The company had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.82 billion. Emerson Electric had a net margin of 12.06% and a return on equity of 24.67%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 EPS. On average, analysts predict that Emerson Electric Co. will post 3.63 EPS for the current year.

Emerson Electric Profile

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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