Tiaa Fsb lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,066 shares of the industrial products company’s stock after acquiring an additional 777 shares during the period. Tiaa Fsb’s holdings in Emerson Electric were worth $1,920,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of EMR. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in shares of Emerson Electric during the 1st quarter worth $239,000. Summit Trail Advisors LLC raised its holdings in Emerson Electric by 6,865.2% in the 1st quarter. Summit Trail Advisors LLC now owns 220,796 shares of the industrial products company’s stock valued at $221,000 after buying an additional 217,626 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Emerson Electric in the 1st quarter valued at about $505,000. Avalon Advisors LLC raised its holdings in Emerson Electric by 18.9% in the 1st quarter. Avalon Advisors LLC now owns 353,768 shares of the industrial products company’s stock valued at $24,163,000 after buying an additional 56,186 shares during the period. Finally, Park National Corp OH raised its holdings in Emerson Electric by 6.9% in the 2nd quarter. Park National Corp OH now owns 421,340 shares of the industrial products company’s stock valued at $29,132,000 after buying an additional 27,023 shares during the period. Institutional investors and hedge funds own 70.45% of the company’s stock.

EMR has been the topic of several research analyst reports. Barclays boosted their price objective on shares of Emerson Electric from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, September 24th. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Monday, August 6th. Morgan Stanley initiated coverage on shares of Emerson Electric in a report on Monday, August 20th. They issued an “overweight” rating and a $85.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Emerson Electric from $79.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, August 10th. Finally, UBS Group boosted their price objective on shares of Emerson Electric from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Emerson Electric has a consensus rating of “Buy” and a consensus price target of $78.67.

NYSE EMR opened at $72.27 on Monday. The stock has a market capitalization of $45.42 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 1.89 and a beta of 1.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.23 and a quick ratio of 0.97. Emerson Electric Co. has a 1-year low of $57.47 and a 1-year high of $79.70.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, August 7th. The industrial products company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.02. The company had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.47 billion. Emerson Electric had a return on equity of 22.83% and a net margin of 12.33%. Emerson Electric’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 EPS. On average, sell-side analysts forecast that Emerson Electric Co. will post 3.22 earnings per share for the current fiscal year.

In other Emerson Electric news, President Edward L. Monser sold 60,000 shares of Emerson Electric stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $76.10, for a total value of $4,566,000.00. Following the completion of the transaction, the president now directly owns 176,477 shares of the company’s stock, valued at approximately $13,429,899.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Edward L. Monser sold 30,000 shares of Emerson Electric stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $75.84, for a total value of $2,275,200.00. Following the completion of the transaction, the president now directly owns 176,477 shares of the company’s stock, valued at $13,384,015.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 96,409 shares of company stock valued at $7,317,004. 0.84% of the stock is currently owned by corporate insiders.

Emerson Electric Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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