Gofen & Glossberg LLC IL trimmed its holdings in Emerson Electric Company (NYSE:EMR) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,879 shares of the industrial products company’s stock after selling 700 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Emerson Electric were worth $5,636,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Atria Investments LLC grew its holdings in Emerson Electric by 5.2% in the 4th quarter. Atria Investments LLC now owns 81,976 shares of the industrial products company’s stock worth $5,713,000 after buying an additional 4,079 shares in the last quarter. Indiana Trust & Investment Management CO bought a new position in Emerson Electric in the 4th quarter worth approximately $210,000. Acropolis Investment Management LLC grew its holdings in Emerson Electric by 103.6% in the 4th quarter. Acropolis Investment Management LLC now owns 26,085 shares of the industrial products company’s stock worth $1,818,000 after buying an additional 13,270 shares in the last quarter. Sawyer & Company Inc bought a new position in Emerson Electric in the 4th quarter worth approximately $1,976,000. Finally, Rockland Trust Co. grew its holdings in Emerson Electric by 2.1% in the 4th quarter. Rockland Trust Co. now owns 76,688 shares of the industrial products company’s stock worth $5,344,000 after buying an additional 1,584 shares in the last quarter. 69.18% of the stock is owned by institutional investors and hedge funds.

In other news, VP Bell Katherine Button sold 7,518 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $66.36, for a total transaction of $498,894.48. Following the completion of the sale, the vice president now owns 36,877 shares in the company, valued at approximately $2,447,157.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Frank J. Dellaquila sold 2,100 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the sale, the vice president now owns 178,743 shares of the company’s stock, valued at approximately $11,577,184.11. The disclosure for this sale can be found here. Insiders have sold a total of 27,017 shares of company stock valued at $1,771,129 in the last quarter. Insiders own 0.79% of the company’s stock.

A number of equities analysts recently issued reports on EMR shares. Edward Jones lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Wells Fargo & Co restated a “market perform” rating and issued a $65.00 target price (up from $60.00) on shares of Emerson Electric in a research report on Wednesday, November 8th. Stifel Nicolaus restated a “buy” rating on shares of Emerson Electric in a research report on Thursday, October 12th. Bank of America upgraded Emerson Electric from a “neutral” rating to a “buy” rating and upped their target price for the stock from $64.44 to $79.00 in a research report on Tuesday, October 17th. Finally, Cowen restated a “buy” rating and issued a $72.00 target price on shares of Emerson Electric in a research report on Wednesday, December 20th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. Emerson Electric presently has an average rating of “Hold” and an average price target of $66.43.

Shares of Emerson Electric Company (EMR) opened at $73.14 on Friday. The firm has a market capitalization of $46,907.77, a P/E ratio of 28.47, a price-to-earnings-growth ratio of 2.70 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30. Emerson Electric Company has a 52-week low of $56.77 and a 52-week high of $74.45.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, meeting analysts’ consensus estimates of $0.83. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The company had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.43 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. equities analysts predict that Emerson Electric Company will post 2.93 EPS for the current fiscal year.

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

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