Belpointe Asset Management LLC Invests $217,000 in Emerson Electric Company (EMR)
Belpointe Asset Management LLC acquired a new stake in Emerson Electric Company (NYSE:EMR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,454 shares of the industrial products company’s stock, valued at approximately $217,000.
Several other institutional investors and hedge funds also recently modified their holdings of EMR. Tower Research Capital LLC TRC bought a new position in Emerson Electric during the second quarter worth about $109,000. Intellectus Partners LLC increased its position in Emerson Electric by 0.3% during the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 7 shares during the period. Mountain Capital Investment Advisors Inc bought a new position in Emerson Electric during the second quarter worth about $129,000. AT Bancorp bought a new position in Emerson Electric during the second quarter worth about $139,000. Finally, Cable Hill Partners LLC bought a new position in Emerson Electric during the third quarter worth about $151,000. 69.18% of the stock is currently owned by institutional investors.
In other news, VP Bell Katherine Button sold 7,518 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $66.36, for a total value of $498,894.48. Following the sale, the vice president now directly owns 36,877 shares in the company, valued at approximately $2,447,157.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Frank J. Dellaquila sold 2,100 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total transaction of $136,017.00. Following the completion of the sale, the vice president now owns 178,743 shares in the company, valued at $11,577,184.11. The disclosure for this sale can be found here. Insiders have sold 27,017 shares of company stock worth $1,771,129 over the last quarter. Corporate insiders own 0.79% of the company’s stock.
Shares of Emerson Electric Company (NYSE:EMR) opened at $73.91 on Monday. The stock has a market cap of $47,201.52, a PE ratio of 31.45, a price-to-earnings-growth ratio of 2.72 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.30 and a current ratio of 1.64. Emerson Electric Company has a one year low of $56.00 and a one year high of $74.45.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.83. The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 earnings per share. equities analysts predict that Emerson Electric Company will post 2.92 EPS for the current fiscal year.
A number of equities analysts recently commented on the stock. Cowen raised shares of Emerson Electric from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 17th. Zacks Investment Research raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. JPMorgan Chase & Co. assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 29th. They set a “neutral” rating on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $72.00 price target (up from $68.00) on shares of Emerson Electric in a research report on Thursday, November 9th. Finally, Citigroup reaffirmed a “sell” rating and set a $61.00 price target (up from $58.00) on shares of Emerson Electric in a research report on Monday, October 9th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $65.86.
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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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