Norris Perne & French LLP MI Purchases 1,988 Shares of Emerson Electric Company (NYSE:EMR)

Norris Perne & French LLP MI raised its holdings in Emerson Electric Company (NYSE:EMR) by 2.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 84,468 shares of the industrial products company’s stock after buying an additional 1,988 shares during the quarter. Norris Perne & French LLP MI’s holdings in Emerson Electric were worth $5,308,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Tower Research Capital LLC TRC acquired a new stake in shares of Emerson Electric during the 2nd quarter worth approximately $109,000. Intellectus Partners LLC grew its holdings in shares of Emerson Electric by 0.3% during the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 7 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Emerson Electric during the 2nd quarter worth approximately $129,000. AT Bancorp acquired a new stake in shares of Emerson Electric during the 2nd quarter worth approximately $139,000. Finally, Cable Hill Partners LLC acquired a new stake in shares of Emerson Electric during the 3rd quarter worth approximately $151,000. 69.18% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on EMR shares. Vertical Research raised Emerson Electric from a “hold” rating to a “buy” rating in a report on Tuesday, January 2nd. Edward Jones lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Cowen upgraded Emerson Electric to a “buy” rating and set a $71.00 target price for the company in a research report on Monday, October 23rd. Royal Bank of Canada restated a “neutral” rating on shares of Emerson Electric in a research report on Thursday, November 9th. Finally, Citigroup restated a “sell” rating and set a $61.00 target price (up previously from $58.00) on shares of Emerson Electric in a research report on Monday, October 9th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $65.86.

In other news, VP Bell Katherine Button sold 7,909 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $64.78, for a total transaction of $512,345.02. Following the completion of the sale, the vice president now owns 44,628 shares in the company, valued at $2,891,001.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of the business’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $65.74, for a total value of $623,872.60. Following the sale, the chief operating officer now owns 168,984 shares of the company’s stock, valued at approximately $11,109,008.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,017 shares of company stock valued at $1,771,129. Corporate insiders own 0.84% of the company’s stock.

Shares of Emerson Electric Company (NYSE:EMR) traded up $1.29 on Thursday, reaching $73.88. The company’s stock had a trading volume of 2,920,000 shares, compared to its average volume of 3,200,000. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43. Emerson Electric Company has a 52-week low of $56.00 and a 52-week high of $73.90. The company has a market cap of $47,420.00, a P/E ratio of 28.86, a price-to-earnings-growth ratio of 3.25 and a beta of 1.24.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.43 billion. During the same quarter in the previous year, the company posted $0.74 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. sell-side analysts forecast that Emerson Electric Company will post 2.92 EPS for the current fiscal year.

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Emerson Electric Company Profile

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.

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

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