Emerson Electric Co. (NYSE:EMR) insider Surendralal Lanca Karsanbhai sold 9,070 shares of the company’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $68.00, for a total transaction of $616,760.00. Following the completion of the transaction, the insider now owns 20,000 shares of the company’s stock, valued at approximately $1,360,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
EMR stock traded down $0.74 during mid-day trading on Thursday, reaching $67.33. The company’s stock had a trading volume of 3,108,853 shares, compared to its average volume of 3,195,043. The company has a market cap of $41.80 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 2.04 and a beta of 1.20. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.35. Emerson Electric Co. has a fifty-two week low of $63.54 and a fifty-two week high of $79.70.
Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.03). The business had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.91 billion. Emerson Electric had a net margin of 12.65% and a return on equity of 23.06%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.83 EPS. As a group, equities analysts forecast that Emerson Electric Co. will post 3.68 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in EMR. Independent Advisor Alliance grew its stake in shares of Emerson Electric by 38.0% in the 2nd 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 during the period. BTR Capital Management Inc. grew its stake in shares of Emerson Electric by 18.7% in the 3rd quarter. BTR Capital Management Inc. now owns 13,065 shares of the industrial products company’s stock valued at $1,001,000 after buying an additional 2,060 shares during the period. Taylor Hoffman Wealth Management grew its stake in shares of Emerson Electric by 6.7% in the 3rd quarter. Taylor Hoffman Wealth Management now owns 14,492 shares of the industrial products company’s stock valued at $1,110,000 after buying an additional 911 shares during the period. AMP Capital Investors Ltd grew its stake in shares of Emerson Electric by 12.7% in the 2nd 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 during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Emerson Electric in the 3rd quarter valued at approximately $13,110,000. Institutional investors own 69.93% of the company’s stock.
EMR has been the subject of several research analyst reports. Morgan Stanley initiated coverage on shares of Emerson Electric in a research report on Monday, August 20th. They set an “overweight” rating and a $85.00 price target for the company. Robert W. Baird reduced their price target on shares of Emerson Electric from $80.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday, November 12th. JPMorgan Chase & Co. upped their price target on shares of Emerson Electric from $79.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, August 10th. William Blair restated a “market perform” rating on shares of Emerson Electric in a research report on Tuesday, November 6th. Finally, UBS Group set a $85.00 price target on shares of Emerson Electric and gave the stock a “buy” rating in a research report on Thursday, November 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the stock. Emerson Electric currently has a consensus rating of “Buy” and a consensus price target of $78.39.
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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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