Emerson Electric Co. (EMR) Stake Decreased by Pratt Collard Advisory Partners LLC

Pratt Collard Advisory Partners LLC lowered its position in Emerson Electric Co. (NYSE:EMR) by 6.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,580 shares of the industrial products company’s stock after selling 334 shares during the quarter. Pratt Collard Advisory Partners LLC’s holdings in Emerson Electric were worth $314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Ropes Wealth Advisors LLC grew its holdings in Emerson Electric by 1.2% during the 1st quarter. Ropes Wealth Advisors LLC now owns 12,197 shares of the industrial products company’s stock worth $835,000 after acquiring an additional 146 shares in the last quarter. Howe & Rusling Inc. boosted its holdings in shares of Emerson Electric by 4.1% in the 4th quarter. Howe & Rusling Inc. now owns 3,876 shares of the industrial products company’s stock valued at $232,000 after buying an additional 152 shares in the last quarter. Pathway Financial Advisors LLC boosted its holdings in shares of Emerson Electric by 3.3% in the 1st quarter. Pathway Financial Advisors LLC now owns 4,758 shares of the industrial products company’s stock valued at $326,000 after buying an additional 153 shares in the last quarter. Orca Investment Management LLC boosted its holdings in shares of Emerson Electric by 2.8% in the 4th quarter. Orca Investment Management LLC now owns 5,692 shares of the industrial products company’s stock valued at $340,000 after buying an additional 156 shares in the last quarter. Finally, First PREMIER Bank boosted its holdings in shares of Emerson Electric by 0.4% in the 1st quarter. First PREMIER Bank now owns 36,744 shares of the industrial products company’s stock valued at $2,516,000 after buying an additional 161 shares in the last quarter. 72.63% of the stock is currently owned by institutional investors and hedge funds.

EMR stock opened at $72.18 on Wednesday. Emerson Electric Co. has a 52 week low of $55.38 and a 52 week high of $79.70. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $44.36 billion, a P/E ratio of 21.36, a P/E/G ratio of 2.25 and a beta of 1.24.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.08. Emerson Electric had a net margin of 12.83% and a return on equity of 24.21%. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same period last year, the firm posted $0.61 EPS. Emerson Electric’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, equities research analysts forecast that Emerson Electric Co. will post 3.7 EPS for the current fiscal year.

A number of analysts recently commented on the stock. Wells Fargo & Co lowered their target price on shares of Emerson Electric from $77.00 to $69.00 and set a “market perform” rating for the company in a research note on Wednesday, December 19th. They noted that the move was a valuation call. Credit Suisse Group upgraded shares of Emerson Electric from a “neutral” rating to an “outperform” rating and set a $59.60 target price for the company in a research note on Thursday, January 3rd. Royal Bank of Canada cut shares of Emerson Electric from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $68.00 to $61.00 in a research note on Thursday, January 3rd. Stephens reiterated a “buy” rating and issued a $68.00 target price on shares of Emerson Electric in a research note on Sunday, January 6th. Finally, Zacks Investment Research upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, January 8th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Emerson Electric presently has an average rating of “Buy” and an average target price of $76.61.

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Emerson Electric Company Profile

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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