Nelson Van Denburg & Campbell Wealth Management Group LLC Purchases 203 Shares of Emerson Electric Co. (NYSE:EMR)

Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 19.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,258 shares of the industrial products company’s stock after purchasing an additional 203 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Emerson Electric were worth $82,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. First Trust Advisors LP increased its position in Emerson Electric by 20.9% during the first quarter. First Trust Advisors LP now owns 1,172,848 shares of the industrial products company’s stock worth $80,305,000 after purchasing an additional 202,641 shares during the last quarter. Neuberger Berman Group LLC increased its position in Emerson Electric by 14.8% during the first quarter. Neuberger Berman Group LLC now owns 526,635 shares of the industrial products company’s stock worth $36,059,000 after purchasing an additional 68,089 shares during the last quarter. Hancock Whitney Corp increased its position in Emerson Electric by 8.3% during the first quarter. Hancock Whitney Corp now owns 59,321 shares of the industrial products company’s stock worth $4,062,000 after purchasing an additional 4,560 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in Emerson Electric during the first quarter worth about $10,769,000. Finally, Adirondack Trust Co. increased its position in Emerson Electric by 4.6% during the first quarter. Adirondack Trust Co. now owns 7,760 shares of the industrial products company’s stock worth $551,000 after purchasing an additional 340 shares during the last quarter. 70.52% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently issued reports on EMR. Zacks Investment Research cut shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price objective for the company. in a research report on Tuesday, July 23rd. Barclays cut their target price on shares of Emerson Electric from $65.00 to $64.00 and set an “equal weight” rating on the stock in a report on Monday, September 30th. Morgan Stanley dropped their price objective on shares of Emerson Electric from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Wednesday. Wolfe Research set a $72.00 price objective on shares of Emerson Electric and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, Citigroup dropped their price objective on shares of Emerson Electric from $79.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $72.21.

NYSE:EMR opened at $67.04 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.49. The stock has a market cap of $39.13 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 2.07 and a beta of 1.37. The stock has a 50-day moving average price of $62.92 and a two-hundred day moving average price of $65.01. Emerson Electric Co. has a 1 year low of $55.38 and a 1 year high of $74.31.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.94 EPS for the quarter, meeting the consensus estimate of $0.94. The firm had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Emerson Electric had a return on equity of 24.67% and a net margin of 12.06%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 earnings per share. Sell-side analysts forecast that Emerson Electric Co. will post 3.63 earnings per share for the current year.

About Emerson Electric

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.

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

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