Emerson Electric Co. (EMR) Position Increased by Creative Financial Designs Inc. ADV
Creative Financial Designs Inc. ADV boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 9.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,601 shares of the industrial products company’s stock after purchasing an additional 404 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Emerson Electric were worth $275,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in EMR. FMR LLC grew its position in Emerson Electric by 22.2% during the 2nd quarter. FMR LLC now owns 3,430,748 shares of the industrial products company’s stock valued at $237,202,000 after purchasing an additional 622,701 shares during the last quarter. Andra AP fonden purchased a new stake in Emerson Electric during the 2nd quarter valued at about $4,121,000. Park National Corp OH grew its position in Emerson Electric by 0.5% during the 3rd quarter. Park National Corp OH now owns 423,623 shares of the industrial products company’s stock valued at $32,441,000 after purchasing an additional 2,283 shares during the last quarter. Private Asset Management Inc. grew its position in Emerson Electric by 2.2% during the 3rd quarter. Private Asset Management Inc. now owns 112,572 shares of the industrial products company’s stock valued at $8,621,000 after purchasing an additional 2,370 shares during the last quarter. Finally, First American Trust FSB grew its position in Emerson Electric by 23.2% during the 3rd quarter. First American Trust FSB now owns 66,414 shares of the industrial products company’s stock valued at $5,086,000 after purchasing an additional 12,525 shares during the last quarter. 70.55% of the stock is currently owned by institutional investors.
In other news, insider Surendralal Lanca Karsanbhai sold 9,070 shares of the stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $68.00, for a total value of $616,760.00. Following the transaction, the insider now owns 20,000 shares in the company, valued at approximately $1,360,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.07% of the stock is owned by corporate insiders.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.03). Emerson Electric had a return on equity of 23.06% and a net margin of 12.65%. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.91 billion. During the same quarter last year, the company earned $0.83 EPS. Emerson Electric’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, analysts expect that Emerson Electric Co. will post 3.65 EPS for the current fiscal year.
EMR has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. Credit Suisse Group raised shares of Emerson Electric from a “neutral” rating to an “outperform” rating and set a $59.60 price target on the stock in a report on Thursday, January 3rd. Stephens began coverage on shares of Emerson Electric in a report on Monday, November 19th. They set an “overweight” rating and a $80.00 price target on the stock. Deutsche Bank set a $79.00 price target on shares of Emerson Electric and gave the company a “buy” rating in a report on Wednesday, November 7th. Finally, Citigroup raised shares of Emerson Electric from a “sell” rating to a “neutral” rating and set a $66.00 price target on the stock in a report on Monday, January 14th. Eleven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Emerson Electric presently has an average rating of “Buy” and an average price target of $74.86.
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About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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