Emerson Electric Co. (NYSE:EMR) Stock Holdings Cut by Insight Folios Inc

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Insight Folios Inc decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.3% during the third quarter, Holdings Channel.com reports. The firm owned 57,162 shares of the industrial products company’s stock after selling 178 shares during the period. Emerson Electric accounts for about 3.5% of Insight Folios Inc’s portfolio, making the stock its 7th largest position. Insight Folios Inc’s holdings in Emerson Electric were worth $3,748,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Verus Capital Partners LLC increased its position in Emerson Electric by 70.7% during the first quarter. Verus Capital Partners LLC now owns 601 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 249 shares during the last quarter. Keebeck Wealth Management LLC bought a new position in Emerson Electric during the second quarter valued at $30,000. Balentine LLC bought a new position in Emerson Electric during the first quarter valued at $32,000. Independence Bank of Kentucky increased its position in Emerson Electric by 150.0% during the second quarter. Independence Bank of Kentucky now owns 750 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 450 shares during the last quarter. Finally, Sound Income Strategies LLC increased its position in Emerson Electric by 493.8% during the second quarter. Sound Income Strategies LLC now owns 962 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 800 shares during the last quarter. 72.37% of the stock is currently owned by institutional investors.

A number of research firms have weighed in on EMR. Berenberg Bank began coverage on shares of Emerson Electric in a research report on Thursday, August 20th. They set a “buy” rating and a $83.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of Emerson Electric from $54.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 30th. Cowen reiterated a “buy” rating on shares of Emerson Electric in a research report on Sunday, October 4th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $66.00 to $72.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, Stephens started coverage on shares of Emerson Electric in a report on Thursday. They issued an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $67.81.

NYSE:EMR traded up $0.70 during mid-day trading on Friday, reaching $70.28. The company’s stock had a trading volume of 2,848,169 shares, compared to its average volume of 3,636,096. Emerson Electric Co. has a 1 year low of $37.75 and a 1 year high of $78.38. The stock has a fifty day moving average of $67.87 and a 200-day moving average of $61.46. The firm has a market capitalization of $42.00 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 2.63 and a beta of 1.50. The company has a quick ratio of 0.97, a current ratio of 1.32 and a debt-to-equity ratio of 0.70.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.19. Emerson Electric had a net margin of 11.39% and a return on equity of 26.12%. The company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same period in the prior year, the firm earned $0.94 earnings per share. The firm’s revenue for the quarter was down 16.4% compared to the same quarter last year. On average, analysts expect that Emerson Electric Co. will post 3.3 earnings per share for the current year.

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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