Nisa Investment Advisors LLC Reduces Holdings in Emerson Electric Company (EMR)

Nisa Investment Advisors LLC cut its holdings in Emerson Electric Company (NYSE:EMR) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 283,292 shares of the industrial products company’s stock after selling 5,760 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Emerson Electric were worth $19,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of EMR. Intellectus Partners LLC boosted its position in Emerson Electric by 0.3% during the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 7 shares in the last quarter. Parallel Advisors LLC boosted its position in Emerson Electric by 0.5% during the 2nd quarter. Parallel Advisors LLC now owns 4,892 shares of the industrial products company’s stock valued at $292,000 after acquiring an additional 26 shares in the last quarter. Busey Trust CO boosted its position in Emerson Electric by 0.5% during the 2nd quarter. Busey Trust CO now owns 6,834 shares of the industrial products company’s stock valued at $407,000 after acquiring an additional 31 shares in the last quarter. Wayne Hummer Investments L.L.C. boosted its position in Emerson Electric by 0.4% during the 2nd quarter. Wayne Hummer Investments L.L.C. now owns 18,502 shares of the industrial products company’s stock valued at $1,103,000 after acquiring an additional 70 shares in the last quarter. Finally, Bank of The Ozarks boosted its position in Emerson Electric by 1.4% during the 2nd quarter. Bank of The Ozarks now owns 5,255 shares of the industrial products company’s stock valued at $313,000 after acquiring an additional 75 shares in the last quarter. 69.23% of the stock is currently owned by institutional investors.

Several analysts have weighed in on EMR shares. Cowen reaffirmed a “buy” rating and set a $72.00 price objective on shares of Emerson Electric in a research report on Wednesday, December 6th. Zacks Investment Research lowered shares of Emerson Electric from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Robert W. Baird reiterated a “hold” rating and set a $70.00 target price on shares of Emerson Electric in a report on Friday, November 10th. Goldman Sachs Group reiterated a “neutral” rating and set a $66.00 target price on shares of Emerson Electric in a report on Friday, December 8th. Finally, Royal Bank of Canada reiterated a “neutral” rating on shares of Emerson Electric in a report on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $67.65.

Shares of Emerson Electric Company (EMR) traded up $2.67 on Friday, reaching $69.07. 5,968,221 shares of the company’s stock were exchanged, compared to its average volume of 3,569,390. The stock has a market cap of $43,848.26, a price-to-earnings ratio of 27.85, a PEG ratio of 2.38 and a beta of 1.19. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.30 and a current ratio of 1.32. Emerson Electric Company has a 1-year low of $56.77 and a 1-year high of $74.45.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the business earned $0.49 EPS. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. research analysts expect that Emerson Electric Company will post 3.12 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 16th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Thursday, February 15th. Emerson Electric’s payout ratio is 78.23%.

In related news, COO Edgar M. Purvis, Jr. sold 9,490 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $65.74, for a total value of $623,872.60. Following the completion of the transaction, the chief operating officer now owns 168,984 shares of the company’s stock, valued at approximately $11,109,008.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Frank J. Dellaquila sold 2,100 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total transaction of $136,017.00. Following the completion of the transaction, the vice president now directly owns 178,743 shares of the company’s stock, valued at approximately $11,577,184.11. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,017 shares of company stock valued at $1,771,129. Insiders own 0.79% of the company’s stock.

TRADEMARK VIOLATION WARNING: This story was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://stocknewstimes.com/2018/02/11/emerson-electric-company-emr-shares-sold-by-nisa-investment-advisors-llc.html.

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.

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

Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply