Manning & Napier Group LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 10.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 163,921 shares of the industrial products company’s stock after purchasing an additional 14,894 shares during the period. Manning & Napier Group LLC’s holdings in Emerson Electric were worth $9,793,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Taylor Hoffman Wealth Management boosted its position in shares of Emerson Electric by 6.7% during the 3rd quarter. Taylor Hoffman Wealth Management now owns 14,492 shares of the industrial products company’s stock worth $1,110,000 after acquiring an additional 911 shares in the last quarter. Honkamp Krueger Financial Services Inc. boosted its position in shares of Emerson Electric by 64.2% during the 3rd quarter. Honkamp Krueger Financial Services Inc. now owns 8,510 shares of the industrial products company’s stock worth $652,000 after acquiring an additional 3,327 shares in the last quarter. BTR Capital Management Inc. boosted its position in shares of Emerson Electric by 18.7% during the 3rd quarter. BTR Capital Management Inc. now owns 13,065 shares of the industrial products company’s stock worth $1,001,000 after acquiring an additional 2,060 shares in the last quarter. Parsec Financial Management Inc. boosted its position in shares of Emerson Electric by 1.3% during the 3rd quarter. Parsec Financial Management Inc. now owns 291,883 shares of the industrial products company’s stock worth $22,352,000 after acquiring an additional 3,787 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Emerson Electric during the 3rd quarter worth approximately $13,110,000. Hedge funds and other institutional investors own 70.55% of the company’s stock.

Several analysts recently issued reports on EMR shares. Cowen reiterated a “buy” rating and set a $81.00 price target on shares of Emerson Electric in a research report on Tuesday, November 6th. UBS Group set a $85.00 price target on shares of Emerson Electric and gave the stock a “buy” rating in a research report on Thursday, November 8th. Deutsche Bank set a $79.00 price target on shares of Emerson Electric and gave the stock a “buy” rating in a research report on Wednesday, November 7th. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Thursday, October 4th. Finally, Bank of America increased their price target on shares of Emerson Electric from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, October 4th. Eleven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $74.86.

Shares of NYSE:EMR opened at $63.94 on Friday. The company has a market capitalization of $39.47 billion, a P/E ratio of 20.27, a P/E/G ratio of 2.01 and a beta of 1.20. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. Emerson Electric Co. has a one year low of $55.38 and a one year high of $79.70.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.03). The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.91 billion. Emerson Electric had a net margin of 12.65% and a return on equity of 23.06%. Emerson Electric’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 EPS. On average, research analysts forecast that Emerson Electric Co. will post 3.65 earnings per share for the current fiscal year.

In related 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 completion of the transaction, the insider now owns 20,000 shares of the company’s stock, valued at approximately $1,360,000. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.07% of the stock is owned by corporate insiders.

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

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