Neville Rodie & Shaw Inc. reduced its position in shares of Emerson Electric Company (NYSE:EMR) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 122,360 shares of the company’s stock after selling 400 shares during the period. Neville Rodie & Shaw Inc.’s holdings in Emerson Electric Company were worth $6,670,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Emerson Electric Company by 3.3% in the second quarter. Vanguard Group Inc. now owns 39,936,101 shares of the company’s stock valued at $2,083,068,000 after buying an additional 1,270,315 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Emerson Electric Company by 3.8% in the second quarter. BlackRock Fund Advisors now owns 11,764,504 shares of the company’s stock valued at $613,637,000 after buying an additional 435,266 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Emerson Electric Company by 4.0% in the second quarter. Capital Research Global Investors now owns 10,759,443 shares of the company’s stock valued at $561,213,000 after buying an additional 412,593 shares in the last quarter. Capital World Investors raised its stake in shares of Emerson Electric Company by 58.3% in the second quarter. Capital World Investors now owns 9,500,000 shares of the company’s stock valued at $495,520,000 after buying an additional 3,500,000 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Emerson Electric Company by 2.6% in the second quarter. FMR LLC now owns 8,896,013 shares of the company’s stock valued at $464,016,000 after buying an additional 227,233 shares in the last quarter. 69.86% of the stock is owned by institutional investors and hedge funds.

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

Shares of Emerson Electric Company (NYSE:EMR) traded down 0.71% during trading on Friday, reaching $57.06. The company’s stock had a trading volume of 931,335 shares. Emerson Electric Company has a 12-month low of $41.25 and a 12-month high of $58.28. The stock has a market cap of $36.68 billion, a price-to-earnings ratio of 22.64 and a beta of 1.20. The company has a 50 day moving average of $56.55 and a 200-day moving average of $53.77.

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Several research analysts have recently weighed in on EMR shares. Vetr downgraded Emerson Electric Company from a “sell” rating to a “strong sell” rating and set a $47.31 price target for the company. in a research note on Monday, October 3rd. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Emerson Electric Company in a research note on Monday, September 26th. Berenberg Bank started coverage on Emerson Electric Company in a research note on Monday, October 3rd. They set a “sell” rating and a $41.00 price target for the company. Zacks Investment Research upgraded Emerson Electric Company from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 19th. Finally, Buckingham Research upgraded Emerson Electric Company from an “underperform” rating to a “neutral” rating in a research note on Tuesday, December 13th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $51.56.

Emerson Electric Company Company Profile

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.

5 Day Chart for NYSE:EMR

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