Emerson Electric Company (EMR) Position Maintained by Mandatum Life Insurance Co Ltd

Mandatum Life Insurance Co Ltd held its position in shares of Emerson Electric Company (NYSE:EMR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,659 shares of the industrial products company’s stock at the end of the first quarter. Mandatum Life Insurance Co Ltd’s holdings in Emerson Electric were worth $3,631,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. First Command Financial Services Inc. raised its position in shares of Emerson Electric by 18.9% in the first quarter. First Command Financial Services Inc. now owns 1,935 shares of the industrial products company’s stock worth $116,000 after buying an additional 307 shares during the last quarter. Central Bank & Trust Co. raised its position in shares of Emerson Electric by 31.3% in the first quarter. Central Bank & Trust Co. now owns 2,100 shares of the industrial products company’s stock worth $126,000 after buying an additional 500 shares during the last quarter. Ancora Advisors LLC purchased a new position in shares of Emerson Electric during the fourth quarter worth $158,000. Independent Advisor Alliance purchased a new position in shares of Emerson Electric during the fourth quarter worth $194,000. Finally, Congress Asset Management Co. MA purchased a new position in shares of Emerson Electric during the fourth quarter worth $201,000. Institutional investors own 68.88% of the company’s stock.

Shares of Emerson Electric Company (NYSE:EMR) opened at 59.53 on Friday. Emerson Electric Company has a 52 week low of $49.22 and a 52 week high of $64.36. The firm has a 50-day moving average of $59.85 and a 200 day moving average of $59.67. The stock has a market cap of $38.37 billion, a PE ratio of 25.43 and a beta of 1.20.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $0.58 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.58. The company had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.49 billion. Emerson Electric had a net margin of 8.72% and a return on equity of 23.37%. Emerson Electric’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 EPS. On average, equities analysts forecast that Emerson Electric Company will post $2.60 EPS for the current fiscal year.

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EMR has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $58.00 target price on shares of Emerson Electric in a research report on Tuesday, April 11th. Zacks Investment Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Wednesday, April 19th. Cowen and Company reaffirmed a “hold” rating and issued a $62.00 target price on shares of Emerson Electric in a research report on Tuesday, April 25th. TheStreet raised shares of Emerson Electric from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $67.00 target price (up previously from $65.00) on shares of Emerson Electric in a research report on Monday, May 15th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $56.96.

About Emerson Electric

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.