Montag A & Associates Inc. Has $1,054,000 Holdings in Emerson Electric Company (EMR)
Montag A & Associates Inc. maintained its stake in Emerson Electric Company (NYSE:EMR) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,684 shares of the industrial products company’s stock at the end of the 2nd quarter. Montag A & Associates Inc.’s holdings in Emerson Electric were worth $1,054,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in EMR. Oppenheimer Asset Management Inc. acquired a new position in Emerson Electric in the first quarter valued at about $127,000. AT Bancorp acquired a new position in Emerson Electric in the second quarter valued at about $139,000. Harbour Capital Advisors LLC acquired a new position in Emerson Electric in the first quarter valued at about $147,000. Guardian Life Insurance Co. of America grew its stake in Emerson Electric by 1.1% in the first quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock valued at $149,000 after acquiring an additional 28 shares during the period. Finally, Perkins Coie Trust Co acquired a new position in Emerson Electric in the second quarter valued at about $150,000. 70.03% of the stock is owned by institutional investors and hedge funds.
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In other Emerson Electric news, insider Robert T. Sharp sold 2,000 shares of Emerson Electric stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $58.99, for a total transaction of $117,980.00. Following the completion of the transaction, the insider now owns 64,290 shares in the company, valued at approximately $3,792,467.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is currently owned by insiders.
A number of research analysts have issued reports on EMR shares. Morgan Stanley reissued an “overweight” rating on shares of Emerson Electric in a research note on Tuesday, July 11th. Stifel Nicolaus reissued a “buy” rating and issued a $68.00 target price on shares of Emerson Electric in a research note on Wednesday, July 19th. BidaskClub cut Emerson Electric from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $62.00 target price (up from $61.00) on shares of Emerson Electric in a research note on Wednesday, August 2nd. Finally, Berenberg Bank reissued a “sell” rating and issued a $53.00 target price on shares of Emerson Electric in a research note on Friday, August 11th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $62.17.
Shares of Emerson Electric Company (NYSE EMR) opened at 65.51 on Thursday. The company has a market cap of $41.93 billion, a price-to-earnings ratio of 29.23 and a beta of 1.22. Emerson Electric Company has a 12-month low of $49.38 and a 12-month high of $65.81. The company’s 50-day moving average price is $62.52 and its 200 day moving average price is $60.20.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.68. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.99 billion. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. Equities analysts predict that Emerson Electric Company will post $2.61 earnings per share for the current year.
About Emerson Electric
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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