Mascoma Wealth Management LLC reduced its position in shares of Emerson Electric Co. (NYSE:EMR) by 24.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,614 shares of the industrial products company’s stock after selling 840 shares during the quarter. Mascoma Wealth Management LLC’s holdings in Emerson Electric were worth $179,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Kentucky Retirement Systems bought a new stake in shares of Emerson Electric in the third quarter worth approximately $4,079,000. Neuberger Berman Group LLC grew its position in Emerson Electric by 126.7% during the third quarter. Neuberger Berman Group LLC now owns 409,693 shares of the industrial products company’s stock valued at $31,374,000 after buying an additional 228,935 shares during the period. Teachers Advisors LLC grew its position in Emerson Electric by 32.6% during the third quarter. Teachers Advisors LLC now owns 1,146,703 shares of the industrial products company’s stock valued at $87,815,000 after buying an additional 282,003 shares during the period. Nordea Investment Management AB grew its position in Emerson Electric by 90.5% during the third quarter. Nordea Investment Management AB now owns 258,727 shares of the industrial products company’s stock valued at $19,813,000 after buying an additional 122,882 shares during the period. Finally, B. Riley Wealth Management Inc. bought a new stake in Emerson Electric during the third quarter valued at approximately $421,000. Institutional investors and hedge funds own 72.68% of the company’s stock.

Shares of NYSE:EMR opened at $72.53 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32. Emerson Electric Co. has a 1-year low of $55.38 and a 1-year high of $79.70. The company has a market cap of $44.97 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 2.29 and a beta of 1.24.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.08. Emerson Electric had a net margin of 12.83% and a return on equity of 24.21%. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities research analysts predict that Emerson Electric Co. will post 3.7 EPS for the current fiscal year.

EMR has been the subject of several recent research reports. Cowen restated a “buy” rating and set a $81.00 target price on shares of Emerson Electric in a research report on Tuesday, February 5th. Citigroup upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and boosted their target price for the company from $67.00 to $81.00 in a research report on Monday, April 8th. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Tuesday, April 2nd. Morgan Stanley set a $77.00 target price on shares of Emerson Electric and gave the company a “buy” rating in a research report on Friday, February 8th. Finally, Stephens restated a “buy” rating and set a $68.00 target price on shares of Emerson Electric in a research report on Sunday, January 6th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $76.61.

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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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