Emerson Electric Co. (EMR) Position Lowered by Columbus Macro LLC
Columbus Macro LLC lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,883 shares of the industrial products company’s stock after selling 1,801 shares during the period. Emerson Electric comprises 1.4% of Columbus Macro LLC’s holdings, making the stock its 23rd biggest holding. Columbus Macro LLC’s holdings in Emerson Electric were worth $5,505,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Clarus Wealth Advisors bought a new position in Emerson Electric in the second quarter valued at about $100,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Emerson Electric in the second quarter valued at about $102,000. Kiley Juergens Wealth Management LLC bought a new position in Emerson Electric in the second quarter valued at about $105,000. Kaizen Advisory LLC grew its position in Emerson Electric by 151.1% in the second quarter. Kaizen Advisory LLC now owns 1,539 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 926 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in Emerson Electric in the second quarter valued at about $113,000. Hedge funds and other institutional investors own 70.35% of the company’s stock.
Shares of EMR stock opened at $71.92 on Friday. Emerson Electric Co. has a 12 month low of $57.47 and a 12 month high of $79.70. The stock has a market cap of $48.13 billion, a PE ratio of 27.24, a PEG ratio of 2.25 and a beta of 1.15. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.37.
A number of research analysts have issued reports on EMR shares. Zacks Investment Research cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. Argus lifted their target price on Emerson Electric from $81.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, August 14th. Morgan Stanley started coverage on Emerson Electric in a research report on Monday, August 20th. They issued an “overweight” rating and a $85.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on Emerson Electric from $79.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, August 10th. Finally, ValuEngine upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. Emerson Electric has a consensus rating of “Buy” and an average target price of $78.67.
In related news, President Edward L. Monser sold 60,000 shares of Emerson Electric stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $76.10, for a total value of $4,566,000.00. Following the transaction, the president now directly owns 176,477 shares of the company’s stock, valued at $13,429,899.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Edward L. Monser sold 30,000 shares of Emerson Electric stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $75.84, for a total value of $2,275,200.00. Following the completion of the transaction, the president now directly owns 176,477 shares in the company, valued at $13,384,015.68. The disclosure for this sale can be found here. Insiders have sold 96,409 shares of company stock worth $7,317,004 over the last three months. Insiders own 0.84% of the company’s stock.
Emerson Electric Company Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.
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