Edgestream Partners L.P. Increases Stock Position in Emerson Electric Co. $EMR

Edgestream Partners L.P. boosted its position in Emerson Electric Co. (NYSE:EMR) by 474.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,132 shares of the industrial products company’s stock after acquiring an additional 9,193 shares during the period. Edgestream Partners L.P.’s holdings in Emerson Electric were worth $1,459,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Emerson Electric in the fourth quarter worth about $1,050,040,000. Janus Henderson Group PLC raised its position in Emerson Electric by 95.7% during the 1st quarter. Janus Henderson Group PLC now owns 2,207,707 shares of the industrial products company’s stock valued at $289,262,000 after purchasing an additional 1,079,665 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Emerson Electric by 17.8% in the 4th quarter. Bank of New York Mellon Corp now owns 6,198,148 shares of the industrial products company’s stock worth $822,618,000 after buying an additional 938,051 shares during the period. Fisher Asset Management LLC grew its position in shares of Emerson Electric by 14.8% in the 4th quarter. Fisher Asset Management LLC now owns 7,191,118 shares of the industrial products company’s stock worth $954,405,000 after buying an additional 928,548 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Emerson Electric by 97.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,707,873 shares of the industrial products company’s stock worth $227,783,000 after buying an additional 843,526 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their target price on Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Sanford C. Bernstein reduced their price objective on shares of Emerson Electric from $175.00 to $169.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Daiwa Securities Group decreased their price objective on shares of Emerson Electric from $177.00 to $156.00 and set an “outperform” rating for the company in a report on Friday, May 15th. BMO Capital Markets raised their target price on shares of Emerson Electric from $150.00 to $157.00 in a research report on Friday, May 8th. Finally, Barclays boosted their price target on shares of Emerson Electric from $140.00 to $144.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Thirteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $162.36.

Emerson Electric Trading Up 3.4%

NYSE EMR opened at $154.95 on Tuesday. The firm has a market capitalization of $86.79 billion, a PE ratio of 35.78, a P/E/G ratio of 2.26 and a beta of 1.25. The stock’s 50 day moving average is $142.74 and its 200 day moving average is $142.29. Emerson Electric Co. has a twelve month low of $122.64 and a twelve month high of $165.15. The company has a quick ratio of 0.64, a current ratio of 0.87 and a debt-to-equity ratio of 0.37.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. Emerson Electric had a return on equity of 17.18% and a net margin of 13.35%.The business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.59 billion. During the same quarter in the prior year, the company earned $1.48 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. Research analysts forecast that Emerson Electric Co. will post 6.49 earnings per share for the current fiscal year.

About Emerson Electric

Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.

Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.