Nicholas Hoffman & Company LLC. bought a new stake in shares of Emerson Electric Company (NYSE:EMR) during the first quarter, according to its most recent filing with the SEC. The firm bought 3,543 shares of the industrial products company’s stock, valued at approximately $212,000.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Emerson Electric during the fourth quarter valued at approximately $269,944,000. American Century Companies Inc. boosted its position in Emerson Electric by 19.4% in the first quarter. American Century Companies Inc. now owns 4,338,862 shares of the industrial products company’s stock valued at $259,724,000 after buying an additional 705,924 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Emerson Electric by 28.8% in the first quarter. UBS Asset Management Americas Inc. now owns 2,418,472 shares of the industrial products company’s stock valued at $144,770,000 after buying an additional 540,927 shares during the last quarter. APG Asset Management N.V. boosted its position in Emerson Electric by 17.9% in the first quarter. APG Asset Management N.V. now owns 3,352,519 shares of the industrial products company’s stock valued at $200,682,000 after buying an additional 510,160 shares during the last quarter. Finally, Swiss National Bank boosted its position in Emerson Electric by 27.1% in the first quarter. Swiss National Bank now owns 2,277,573 shares of the industrial products company’s stock valued at $136,336,000 after buying an additional 485,200 shares during the last quarter. Hedge funds and other institutional investors own 68.87% of the company’s stock.

Shares of Emerson Electric Company (EMR) opened at 60.30 on Friday. The firm has a market cap of $38.86 billion, a PE ratio of 25.76 and a beta of 1.20. The company’s 50 day moving average is $59.68 and its 200-day moving average is $59.54. Emerson Electric Company has a 12 month low of $49.22 and a 12 month high of $64.36.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, May 2nd. The industrial products company reported $0.58 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.58. The business had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.49 billion. Emerson Electric had a return on equity of 23.37% and a net margin of 8.72%. Emerson Electric’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 earnings per share. Equities research analysts predict that Emerson Electric Company will post $2.60 EPS for the current year.

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EMR has been the subject of several research analyst reports. TheStreet upgraded shares of Emerson Electric from a “c+” rating to a “b” rating in a research note on Thursday, May 4th. Stifel Nicolaus reiterated a “buy” rating and set a $67.00 target price (up from $65.00) on shares of Emerson Electric in a research note on Monday, May 15th. Zacks Investment Research cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. JMP Securities initiated coverage on shares of Emerson Electric in a research note on Monday, June 19th. They set an “outperform” rating and a $70.00 target price for the company. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $58.00 target price on shares of Emerson Electric in a research note on Tuesday, April 11th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $56.96.

About Emerson Electric

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.

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

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