3,623 Shares in Emerson Electric Co. (EMR) Acquired by Baltimore Washington Financial Advisors Inc.

Baltimore Washington Financial Advisors Inc. bought a new position in shares of Emerson Electric Co. (NYSE:EMR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,623 shares of the industrial products company’s stock, valued at approximately $277,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Independent Advisor Alliance lifted its stake in shares of Emerson Electric by 38.0% in the second quarter. Independent Advisor Alliance now owns 37,225 shares of the industrial products company’s stock valued at $2,522,000 after buying an additional 10,250 shares in the last quarter. Commonwealth Bank of Australia lifted its stake in shares of Emerson Electric by 3.4% in the second quarter. Commonwealth Bank of Australia now owns 81,289 shares of the industrial products company’s stock valued at $5,546,000 after buying an additional 2,652 shares in the last quarter. AMP Capital Investors Ltd lifted its stake in shares of Emerson Electric by 12.7% in the second quarter. AMP Capital Investors Ltd now owns 239,559 shares of the industrial products company’s stock valued at $16,563,000 after buying an additional 27,052 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Emerson Electric by 1,033.6% in the second quarter. Tower Research Capital LLC TRC now owns 21,073 shares of the industrial products company’s stock valued at $1,457,000 after buying an additional 19,214 shares in the last quarter. Finally, Global X Management Co LLC lifted its stake in shares of Emerson Electric by 10.9% in the second quarter. Global X Management Co LLC now owns 93,683 shares of the industrial products company’s stock valued at $6,477,000 after buying an additional 9,191 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

In related news, President Edward L. Monser sold 30,000 shares of the firm’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $75.84, for a total transaction of $2,275,200.00. Following the transaction, the president now directly owns 176,477 shares of the company’s stock, valued at $13,384,015.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Edward L. Monser sold 60,000 shares of the firm’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $76.10, for a total transaction of $4,566,000.00. Following the sale, the president now owns 176,477 shares of the company’s stock, valued at approximately $13,429,899.70. The disclosure for this sale can be found here. Insiders have sold 96,409 shares of company stock worth $7,317,004 over the last three months. 0.79% of the stock is owned by insiders.

EMR opened at $69.62 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 1.23. Emerson Electric Co. has a fifty-two week low of $57.47 and a fifty-two week high of $79.70. The stock has a market cap of $43.75 billion, a P/E ratio of 26.37, a PEG ratio of 1.82 and a beta of 1.20.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. Emerson Electric had a net margin of 12.33% and a return on equity of 22.83%. The company had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same period last year, the firm earned $0.68 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis. Equities research analysts predict that Emerson Electric Co. will post 3.19 EPS for the current fiscal year.

A number of research analysts have weighed in on EMR shares. Barclays raised their price objective on shares of Emerson Electric from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday, September 24th. Zacks Investment Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Monday, August 6th. Gordon Haskett started coverage on shares of Emerson Electric in a research note on Friday, October 12th. They issued a “buy” rating on the stock. Bank of America raised their price objective on shares of Emerson Electric from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, October 4th. Finally, Morgan Stanley started coverage on shares of Emerson Electric in a research note on Monday, August 20th. They issued an “overweight” rating and a $85.00 price objective on the stock. One research 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 currently has an average rating of “Buy” and an average target price 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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