Emerson Electric Company (EMR) Stake Lifted by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC raised its position in Emerson Electric Company (NYSE:EMR) by 14.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 39,339 shares of the industrial products company’s stock after purchasing an additional 4,938 shares during the period. Cubist Systematic Strategies LLC’s holdings in Emerson Electric were worth $2,472,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of EMR. Intellectus Partners LLC lifted its position in shares of 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 during the period. RB Capital Management LLC lifted its position in shares of Emerson Electric by 0.6% during the 2nd quarter. RB Capital Management LLC now owns 4,475 shares of the industrial products company’s stock valued at $267,000 after acquiring an additional 26 shares during the period. Parallel Advisors LLC lifted its position in shares of 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 during the period. Busey Trust CO lifted its position in shares of 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 during the period. Finally, Stock Yards Bank & Trust Co. lifted its position in shares of Emerson Electric by 0.6% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 6,978 shares of the industrial products company’s stock valued at $416,000 after acquiring an additional 41 shares during the period. Hedge funds and other institutional investors own 69.18% of the company’s stock.

In other 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 sale, the chief operating officer now owns 168,984 shares in the company, valued at approximately $11,109,008.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Bell Katherine Button sold 7,518 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $66.36, for a total transaction of $498,894.48. Following the completion of the sale, the vice president now owns 36,877 shares of the company’s stock, valued at approximately $2,447,157.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,017 shares of company stock valued at $1,771,129. Company insiders own 0.79% of the company’s stock.

Shares of Emerson Electric Company (NYSE:EMR) opened at $73.91 on Friday. Emerson Electric Company has a one year low of $56.00 and a one year high of $74.45. The company has a quick ratio of 1.30, a current ratio of 1.64 and a debt-to-equity ratio of 0.43. The stock has a market cap of $47,182.38, a price-to-earnings ratio of 31.45, a PEG ratio of 2.72 and a beta of 1.24.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.43 billion. During the same quarter in the prior year, the business posted $0.74 EPS. The business’s revenue was up 12.8% compared to the same quarter last year. research analysts expect that Emerson Electric Company will post 2.92 earnings per share for the current year.

A number of research analysts recently issued reports on EMR shares. Cowen reiterated a “buy” rating and set a $72.00 target price on shares of Emerson Electric in a research report on Wednesday, December 6th. Zacks Investment Research downgraded shares of Emerson Electric from a “hold” rating to a “sell” rating in a research 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 research 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 research report on Friday, December 8th. Finally, Royal Bank of Canada reiterated a “neutral” rating on shares of Emerson Electric in a research report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $65.86.

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

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