North Star Asset Management Inc. Has $1.21 Million Stake in Emerson Electric Co. (EMR)

North Star Asset Management Inc. reduced its position in Emerson Electric Co. (NYSE:EMR) by 6.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,826 shares of the industrial products company’s stock after selling 1,073 shares during the period. North Star Asset Management Inc.’s holdings in Emerson Electric were worth $1,212,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in EMR. Norris Perne & French LLP MI grew its position in Emerson Electric by 2.0% during the third quarter. Norris Perne & French LLP MI now owns 89,524 shares of the industrial products company’s stock valued at $6,856,000 after purchasing an additional 1,724 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Emerson Electric during the third quarter valued at approximately $13,110,000. Moody Lynn & Lieberson LLC grew its position in Emerson Electric by 28.0% during the third quarter. Moody Lynn & Lieberson LLC now owns 10,350 shares of the industrial products company’s stock valued at $793,000 after purchasing an additional 2,262 shares in the last quarter. CWM LLC grew its position in Emerson Electric by 182.1% during the third quarter. CWM LLC now owns 6,756 shares of the industrial products company’s stock valued at $517,000 after purchasing an additional 4,361 shares in the last quarter. Finally, First National Bank of Hutchinson purchased a new position in Emerson Electric during the third quarter valued at approximately $207,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

EMR stock opened at $66.33 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $41.64 billion, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 1.74 and a beta of 1.15. Emerson Electric Co. has a 12 month low of $57.47 and a 12 month high of $79.70.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, August 7th. The industrial products company reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.02. The company had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.47 billion. Emerson Electric had a net margin of 12.33% and a return on equity of 22.83%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 earnings per share. On average, equities research analysts predict that Emerson Electric Co. will post 3.22 EPS for the current fiscal year.

In other news, President Edward L. Monser sold 30,000 shares of the business’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $75.84, for a total value of $2,275,200.00. Following the completion of the sale, the president now directly owns 176,477 shares in the company, valued at $13,384,015.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Steven J. Pelch sold 6,409 shares of the business’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $74.24, for a total transaction of $475,804.16. The disclosure for this sale can be found here. Insiders sold 96,409 shares of company stock valued at $7,317,004 over the last three months. Insiders own 0.84% of the company’s stock.

EMR has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. Argus boosted their price objective on shares of Emerson Electric from $81.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, August 14th. Credit Suisse Group initiated coverage on shares of Emerson Electric in a research report on Friday, October 12th. They set a “neutral” rating and a $78.00 price objective on the stock. Morgan Stanley initiated coverage on shares of Emerson Electric in a research report on Monday, August 20th. They set an “overweight” rating and a $85.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Emerson Electric from $79.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, August 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $78.67.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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

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