Janney Montgomery Scott LLC Decreases Holdings in Emerson Electric Co. (NYSE:EMR)

Janney Montgomery Scott LLC decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 192,514 shares of the industrial products company’s stock after selling 621 shares during the period. Janney Montgomery Scott LLC’s holdings in Emerson Electric were worth $14,681,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Eaton Vance Management lifted its position in Emerson Electric by 1.3% during the second quarter. Eaton Vance Management now owns 2,742,846 shares of the industrial products company’s stock valued at $183,003,000 after acquiring an additional 35,809 shares during the last quarter. Nuveen Asset Management LLC lifted its position in Emerson Electric by 8,529.0% during the second quarter. Nuveen Asset Management LLC now owns 2,314,570 shares of the industrial products company’s stock valued at $154,428,000 after acquiring an additional 2,287,747 shares during the last quarter. Prudential PLC lifted its position in Emerson Electric by 32.8% during the second quarter. Prudential PLC now owns 1,852,716 shares of the industrial products company’s stock valued at $123,688,000 after acquiring an additional 457,104 shares during the last quarter. First Trust Advisors LP lifted its position in Emerson Electric by 27.2% during the third quarter. First Trust Advisors LP now owns 1,685,056 shares of the industrial products company’s stock valued at $112,663,000 after acquiring an additional 360,690 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in Emerson Electric by 20.6% during the third quarter. California Public Employees Retirement System now owns 1,370,187 shares of the industrial products company’s stock valued at $91,611,000 after acquiring an additional 234,293 shares during the last quarter. 70.51% of the stock is owned by institutional investors.

NYSE:EMR opened at $77.02 on Thursday. The firm has a market capitalization of $47.06 billion, a P/E ratio of 20.76, a PEG ratio of 2.68 and a beta of 1.38. Emerson Electric Co. has a 1-year low of $55.98 and a 1-year high of $78.38. The company’s fifty day moving average price is $76.44 and its 200-day moving average price is $68.62. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 0.88.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.07 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.07. The firm had revenue of $4.97 billion for the quarter, compared to analyst estimates of $5.02 billion. Emerson Electric had a net margin of 12.55% and a return on equity of 26.32%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share. Equities analysts anticipate that Emerson Electric Co. will post 3.63 EPS for the current fiscal year.

A number of equities research analysts recently commented on the stock. Cowen cut shares of Emerson Electric from an “outperform” rating to a “market perform” rating and set a $72.00 target price for the company. in a research report on Wednesday, November 6th. Credit Suisse Group raised shares of Emerson Electric from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Stephens reaffirmed a “buy” rating and issued a $86.00 price target on shares of Emerson Electric in a report on Monday, December 16th. ValuEngine cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Monday, November 25th. Finally, HSBC cut shares of Emerson Electric from a “hold” rating to a “reduce” rating and set a $64.00 price target for the company. in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $76.25.

In other Emerson Electric news, VP Sara Yang Bosco sold 10,969 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $73.55, for a total transaction of $806,769.95. Following the transaction, the vice president now directly owns 88,817 shares of the company’s stock, valued at $6,532,490.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Surendralal Lanca Karsanbhai sold 4,779 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $73.70, for a total transaction of $352,212.30. Following the transaction, the insider now directly owns 39,005 shares in the company, valued at $2,874,668.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,565 shares of company stock worth $4,701,330. Insiders own 0.50% of the company’s stock.

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.

Read More: Are sell-side analysts objective?

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.