YHB Investment Advisors Inc. trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,688 shares of the industrial products company’s stock after selling 300 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Emerson Electric were worth $1,180,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in EMR. FMR LLC increased its stake in 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 buying an additional 3,176,614 shares during the period. BlackRock Inc. increased its stake in Emerson Electric by 7.3% in the 1st quarter. BlackRock Inc. now owns 45,135,139 shares of the industrial products company’s stock valued at $3,090,402,000 after buying an additional 3,058,256 shares during the period. Ronna Sue Cohen increased its stake in Emerson Electric by 6,770.7% in the 1st quarter. Ronna Sue Cohen now owns 1,540,414 shares of the industrial products company’s stock valued at $1,540,000 after buying an additional 1,517,994 shares during the period. American Century Companies Inc. increased its stake in Emerson Electric by 46.4% in the 1st quarter. American Century Companies Inc. now owns 2,708,094 shares of the industrial products company’s stock valued at $185,423,000 after buying an additional 858,733 shares during the period. Finally, Geode Capital Management LLC increased its stake in Emerson Electric by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 7,394,814 shares of the industrial products company’s stock valued at $441,115,000 after buying an additional 355,369 shares during the period. 70.41% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:EMR traded down $0.90 on Wednesday, reaching $66.39. 154,138 shares of the company were exchanged, compared to its average volume of 2,204,185. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.44. Emerson Electric Co. has a 1-year low of $55.38 and a 1-year high of $79.70. The company has a market capitalization of $40.59 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 2.13 and a beta of 1.33. The stock’s 50-day simple moving average is $65.28.
In other news, insider Michael H. Train sold 12,278 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $63.80, for a total transaction of $783,336.40. Following the transaction, the insider now directly owns 129,298 shares of the company’s stock, valued at approximately $8,249,212.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Bell Katherine Button sold 4,470 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $65.00, for a total transaction of $290,550.00. Following the transaction, the vice president now directly owns 18,040 shares in the company, valued at $1,172,600. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,333 shares of company stock worth $2,583,230. Corporate insiders own 0.07% of the company’s stock.
Several equities analysts have issued reports on the stock. Citigroup boosted their price objective on shares of Visteon from $58.00 to $69.00 and gave the company a “neutral” rating in a research note on Tuesday. Zacks Investment Research cut shares of Phoenix New Media from a “hold” rating to a “sell” rating in a research note on Tuesday, July 23rd. Finally, Credit Suisse Group reissued an “outperform” rating on shares of in a research note on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $75.19.
Emerson Electric 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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