Peoples Financial Services CORP. Purchases 1,100 Shares of Emerson Electric Co. (NYSE:EMR)

Peoples Financial Services CORP. increased its position in Emerson Electric Co. (NYSE:EMR) by 4.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,470 shares of the industrial products company’s stock after acquiring an additional 1,100 shares during the period. Peoples Financial Services CORP.’s holdings in Emerson Electric were worth $1,703,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ingalls & Snyder LLC grew its holdings in Emerson Electric by 28.9% during the third quarter. Ingalls & Snyder LLC now owns 186,518 shares of the industrial products company’s stock valued at $12,471,000 after purchasing an additional 41,831 shares during the period. Massey Quick Simon & CO. LLC lifted its position in shares of Emerson Electric by 1,823.1% in the third quarter. Massey Quick Simon & CO. LLC now owns 500 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 474 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Emerson Electric by 1,353.8% in the third quarter. Assenagon Asset Management S.A. now owns 160,732 shares of the industrial products company’s stock valued at $10,747,000 after acquiring an additional 149,676 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Emerson Electric by 13.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,015 shares of the industrial products company’s stock valued at $2,541,000 after acquiring an additional 4,453 shares in the last quarter. Finally, DNB Asset Management AS lifted its position in shares of Emerson Electric by 12.3% in the third quarter. DNB Asset Management AS now owns 142,736 shares of the industrial products company’s stock valued at $9,543,000 after acquiring an additional 15,638 shares in the last quarter. 70.53% of the stock is owned by institutional investors.

Shares of NYSE:EMR traded down $0.42 during mid-day trading on Wednesday, reaching $67.31. The stock had a trading volume of 2,036,942 shares, compared to its average volume of 3,449,449. 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 company has a market cap of $41.66 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 2.24 and a beta of 1.37. Emerson Electric Co. has a 1 year low of $55.38 and a 1 year high of $74.31. The business’s 50 day moving average price is $63.72 and its 200 day moving average price is $65.02.

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

Several brokerages have recently commented on EMR. Zacks Investment Research downgraded Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price objective on the stock. in a research report on Tuesday, July 23rd. Cowen set a $72.00 price objective on Emerson Electric and gave the company a “buy” rating in a research report on Monday, September 30th. Citigroup lowered their price objective on Emerson Electric from $79.00 to $77.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Stephens set a $71.00 price objective on Emerson Electric and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, Wolfe Research set a $72.00 price objective on Emerson Electric and gave the company a “buy” rating in a research report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $72.21.

Emerson Electric Profile

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.

Recommended Story: Why are analyst ratings important in trading stocks?

Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR).

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

Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.