Tirschwell & Loewy Inc. raised its position in Emerson Electric Company (NYSE:EMR) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,402 shares of the industrial products company’s stock after purchasing an additional 400 shares during the quarter. Tirschwell & Loewy Inc.’s holdings in Emerson Electric were worth $561,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of Emerson Electric in the first quarter valued at about $127,000. AT Bancorp acquired a new stake in shares of Emerson Electric in the second quarter valued at about $139,000. Harbour Capital Advisors LLC acquired a new stake in shares of Emerson Electric in the first quarter valued at about $147,000. Guardian Life Insurance Co. of America grew its stake in shares of Emerson Electric by 1.1% in the first quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock valued at $149,000 after buying an additional 28 shares in the last quarter. Finally, Perkins Coie Trust Co acquired a new stake in shares of Emerson Electric in the second quarter valued at about $150,000. Institutional investors own 70.01% of the company’s stock.
EMR has been the subject of a number of recent research reports. BidaskClub upgraded Emerson Electric from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. JMP Securities initiated coverage on Emerson Electric in a research note on Monday, June 19th. They issued an “outperform” rating and a $70.00 target price for the company. Morgan Stanley reiterated an “overweight” rating on shares of Emerson Electric in a research note on Tuesday, July 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $68.00 target price on shares of Emerson Electric in a research note on Wednesday, July 19th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $62.00 target price (up previously from $61.00) on shares of Emerson Electric in a research note on Wednesday, August 2nd. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. Emerson Electric has a consensus rating of “Hold” and an average target price of $60.71.
In related news, insider Robert T. Sharp sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $58.99, for a total transaction of $117,980.00. Following the transaction, the insider now directly owns 64,290 shares in the company, valued at $3,792,467.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.79% of the company’s stock.
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Shares of Emerson Electric Company (NYSE EMR) opened at 63.92 on Friday. The firm has a market cap of $40.91 billion, a price-to-earnings ratio of 28.52 and a beta of 1.22. Emerson Electric Company has a 52 week low of $49.38 and a 52 week high of $64.36. The firm’s 50-day moving average price is $61.78 and its 200-day moving average price is $60.04.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.68. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same period in the previous year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities research analysts expect that Emerson Electric Company will post $2.60 EPS for the current fiscal year.
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.
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