Ferguson Wellman Capital Management Inc. Has $32.58 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Ferguson Wellman Capital Management Inc. increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 427,274 shares of the industrial products company’s stock after buying an additional 4,092 shares during the quarter. Ferguson Wellman Capital Management Inc. owned about 0.07% of Emerson Electric worth $32,584,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Homrich & Berg increased its position in shares of Emerson Electric by 4.5% during the third quarter. Homrich & Berg now owns 3,252 shares of the industrial products company’s stock valued at $217,000 after acquiring an additional 139 shares during the last quarter. Coastline Trust Co increased its position in shares of Emerson Electric by 0.4% during the fourth quarter. Coastline Trust Co now owns 34,235 shares of the industrial products company’s stock valued at $2,611,000 after acquiring an additional 145 shares during the last quarter. Golden State Wealth Management LLC increased its position in shares of Emerson Electric by 38.5% during the third quarter. Golden State Wealth Management LLC now owns 540 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 150 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Emerson Electric by 1.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 8,630 shares of the industrial products company’s stock valued at $577,000 after acquiring an additional 150 shares during the last quarter. Finally, Marble Harbor Investment Counsel LLC increased its position in shares of Emerson Electric by 0.3% during the third quarter. Marble Harbor Investment Counsel LLC now owns 45,336 shares of the industrial products company’s stock valued at $3,031,000 after acquiring an additional 150 shares during the last quarter. 70.51% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Frank J. Dellaquila sold 40,817 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $73.73, for a total value of $3,009,437.41. Following the completion of the transaction, the chief financial officer now directly owns 278,803 shares of the company’s stock, valued at $20,556,145.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Blinn purchased 1,400 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of $73.11 per share, with a total value of $102,354.00. Following the completion of the acquisition, the director now directly owns 2,413 shares of the company’s stock, valued at $176,414.43. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 63,565 shares of company stock valued at $4,701,330. 0.50% of the stock is owned by corporate insiders.

Shares of NYSE EMR opened at $77.59 on Friday. The stock has a fifty day simple moving average of $76.52 and a two-hundred day simple moving average of $68.68. Emerson Electric Co. has a 1-year low of $55.98 and a 1-year high of $78.38. The firm has a market cap of $46.92 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 2.67 and a beta of 1.38. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.52.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Emerson Electric had a return on equity of 26.32% and a net margin of 12.55%. The business had revenue of $4.97 billion during the quarter, compared to analyst estimates of $5.02 billion. During the same period in the prior year, the company earned $0.89 earnings per share. Emerson Electric’s revenue was up 1.7% compared to the same quarter last year. Analysts forecast that Emerson Electric Co. will post 3.63 EPS for the current year.

A number of analysts recently commented on the company. Wolfe Research set a $72.00 price target on Emerson Electric and gave the company a “buy” rating in a research report on Thursday, September 26th. Cowen downgraded Emerson Electric from an “outperform” rating to a “market perform” rating and set a $72.00 price target for the company. in a research report on Wednesday, November 6th. ValuEngine downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. Stephens reaffirmed a “buy” rating and set a $86.00 price target on shares of Emerson Electric in a research report on Monday, December 16th. Finally, Deutsche Bank decreased their price target on Emerson Electric from $82.00 to $81.00 and set a “buy” rating for the company in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $76.25.

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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