NEXT Financial Group Inc Cuts Stock Position in Emerson Electric Co. (NYSE:EMR)

NEXT Financial Group Inc cut its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 25.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,734 shares of the industrial products company’s stock after selling 8,060 shares during the period. NEXT Financial Group Inc’s holdings in Emerson Electric were worth $1,587,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of EMR. Nuveen Asset Management LLC increased its stake in Emerson Electric by 8,529.0% during the second quarter. Nuveen Asset Management LLC now owns 2,314,570 shares of the industrial products company’s stock worth $154,428,000 after purchasing an additional 2,287,747 shares during the period. Longview Partners Guernsey LTD increased its stake in Emerson Electric by 13.7% during the second quarter. Longview Partners Guernsey LTD now owns 16,863,972 shares of the industrial products company’s stock worth $1,125,164,000 after purchasing an additional 2,034,380 shares during the period. Morgan Stanley increased its stake in Emerson Electric by 41.3% during the second quarter. Morgan Stanley now owns 6,534,287 shares of the industrial products company’s stock worth $435,968,000 after purchasing an additional 1,909,769 shares during the period. Senator Investment Group LP purchased a new stake in Emerson Electric during the second quarter worth about $86,736,000. Finally, Jensen Investment Management Inc. increased its stake in Emerson Electric by 23.7% during the second quarter. Jensen Investment Management Inc. now owns 3,490,998 shares of the industrial products company’s stock worth $232,919,000 after purchasing an additional 667,979 shares during the period. Institutional investors own 70.53% of the company’s stock.

EMR has been the topic of a number of recent research reports. Stephens set a $71.00 price target on shares of Emerson Electric and gave the stock a “buy” rating in a research note on Monday, September 30th. Barclays cut their target price on shares of Emerson Electric from $65.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Monday, September 30th. Citigroup cut their target price on shares of Emerson Electric from $79.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Royal Bank of Canada upgraded shares of Emerson Electric from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $65.00 to $77.00 in a research note on Monday, September 30th. Finally, Deutsche Bank cut their target price on shares of Emerson Electric from $74.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. Emerson Electric has an average rating of “Hold” and a consensus target price of $72.21.

Shares of Emerson Electric stock opened at $68.65 on Friday. The firm has a market capitalization of $41.86 billion, a P/E ratio of 19.96, a P/E/G ratio of 2.27 and a beta of 1.37. Emerson Electric Co. has a 52 week low of $55.38 and a 52 week high of $73.37. The company has a quick ratio of 0.85, a current ratio of 1.18 and a debt-to-equity ratio of 0.49. The firm’s 50 day moving average is $64.36 and its two-hundred day moving average is $65.02.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.94 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.94. The company had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.82 billion. Emerson Electric had a net margin of 12.06% and a return on equity of 24.67%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.12 earnings per share. As a group, research analysts expect that Emerson Electric Co. will post 3.63 earnings per share for the current fiscal year.

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

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