Macnealy Hoover Investment Management Inc. lowered its holdings in Emerson Electric Co. (NYSE:EMR) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,933 shares of the industrial products company’s stock after selling 446 shares during the quarter. Emerson Electric makes up 1.7% of Macnealy Hoover Investment Management Inc.’s portfolio, making the stock its 18th biggest position. Macnealy Hoover Investment Management Inc.’s holdings in Emerson Electric were worth $2,255,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of EMR. Bank of New York Mellon Corp raised its holdings in shares of Emerson Electric by 3,146,008.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 9,375,404 shares of the industrial products company’s stock valued at $717,967,000 after purchasing an additional 9,375,106 shares in the last quarter. Norges Bank bought a new stake in shares of Emerson Electric in the 4th quarter valued at about $430,663,000. Oregon Public Employees Retirement Fund raised its holdings in shares of Emerson Electric by 5,802.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,095,444 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 4,026,056 shares in the last quarter. FMR LLC raised its holdings in shares of Emerson Electric by 83.1% in the 4th quarter. FMR LLC now owns 6,998,682 shares of the industrial products company’s stock valued at $418,171,000 after purchasing an additional 3,176,614 shares in the last quarter. Finally, Two Sigma Advisers LP raised its holdings in shares of Emerson Electric by 380.4% in the 4th quarter. Two Sigma Advisers LP now owns 3,092,853 shares of the industrial products company’s stock valued at $184,798,000 after purchasing an additional 2,448,999 shares in the last quarter. Institutional investors and hedge funds own 72.63% of the company’s stock.

NYSE EMR opened at $72.31 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.62. The company has a market cap of $44.36 billion, a P/E ratio of 21.39, a PEG ratio of 2.25 and a beta of 1.24. Emerson Electric Co. has a 52 week low of $55.38 and a 52 week high of $79.70.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, February 5th. The industrial products company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.66 by $0.08. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.21 billion. Emerson Electric had a net margin of 12.83% and a return on equity of 24.21%. Emerson Electric’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 EPS. Research analysts forecast that Emerson Electric Co. will post 3.7 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on EMR shares. Citigroup upgraded shares of Emerson Electric from a “sell” rating to a “neutral” rating and set a $66.00 price target for the company in a report on Monday, January 14th. Stephens restated a “buy” rating and issued a $68.00 price target on shares of Emerson Electric in a report on Sunday, January 6th. Credit Suisse Group upgraded shares of Emerson Electric from a “neutral” rating to an “outperform” rating and set a $59.60 price target for the company in a report on Thursday, January 3rd. Cowen restated a “buy” rating and issued a $81.00 price target on shares of Emerson Electric in a report on Wednesday, January 30th. Finally, Royal Bank of Canada lowered shares of Emerson Electric from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $68.00 to $61.00 in a report on Thursday, January 3rd. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Emerson Electric currently has an average rating of “Buy” and a consensus target price of $76.61.

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Emerson Electric Company Profile

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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