Westpac Banking Corp acquired a new position in Emerson Electric Company (NYSE:EMR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 62,571 shares of the company’s stock, valued at approximately $3,411,000.

Several other large investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its stake in shares of Emerson Electric Company by 2.5% in the second quarter. Nisa Investment Advisors LLC now owns 288,993 shares of the company’s stock worth $15,074,000 after buying an additional 6,935 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Emerson Electric Company by 32.6% in the second quarter. Acadian Asset Management LLC now owns 10,408 shares of the company’s stock worth $543,000 after buying an additional 2,560 shares in the last quarter. Clarkston Capital Partners LLC boosted its stake in shares of Emerson Electric Company by 1.7% in the second quarter. Clarkston Capital Partners LLC now owns 360,621 shares of the company’s stock worth $18,810,000 after buying an additional 5,995 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of Emerson Electric Company by 3.6% in the second quarter. LS Investment Advisors LLC now owns 90,203 shares of the company’s stock worth $4,705,000 after buying an additional 3,169 shares in the last quarter. Finally, Eagle Ridge Investment Management boosted its stake in shares of Emerson Electric Company by 9.9% in the second quarter. Eagle Ridge Investment Management now owns 69,367 shares of the company’s stock worth $3,618,000 after buying an additional 6,260 shares in the last quarter. Institutional investors own 69.86% of the company’s stock.

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

Emerson Electric Company (NYSE:EMR) traded down 0.71% during mid-day trading on Friday, hitting $57.06. The stock had a trading volume of 1,905,791 shares. The company’s 50 day moving average is $56.55 and its 200-day moving average is $53.77. The stock has a market capitalization of $36.68 billion, a P/E ratio of 22.64 and a beta of 1.20. Emerson Electric Company has a 52 week low of $41.25 and a 52 week high of $58.28.

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A number of equities research analysts have recently issued reports on EMR shares. Deutsche Bank AG reiterated a “hold” rating on shares of Emerson Electric Company in a research note on Thursday, September 15th. 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 objective on the stock. Vetr cut Emerson Electric Company from a “sell” rating to a “strong sell” rating and set a $47.31 price objective on the stock. in a research note on Monday, October 3rd. Finally, HSBC began coverage on Emerson Electric Company in a research note on Friday, October 7th. They set a “reduce” rating on the stock. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus 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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