Red Spruce Capital LLC acquired a new position in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 20,349 shares of the industrial products company’s stock, valued at approximately $1,552,000.

Several other institutional investors also recently made changes to their positions in EMR. Nuveen Asset Management LLC raised its stake in shares of Emerson Electric by 8,529.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,314,570 shares of the industrial products company’s stock worth $154,428,000 after purchasing an additional 2,287,747 shares in the last quarter. Morgan Stanley raised its stake in shares of Emerson Electric by 41.3% during the 2nd quarter. Morgan Stanley now owns 6,534,287 shares of the industrial products company’s stock worth $435,968,000 after purchasing an additional 1,909,769 shares in the last quarter. Marshall Wace North America L.P. raised its stake in shares of Emerson Electric by 16,479.1% during the 2nd quarter. Marshall Wace North America L.P. now owns 490,411 shares of the industrial products company’s stock worth $32,720,000 after purchasing an additional 487,453 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Emerson Electric by 43.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,583,942 shares of the industrial products company’s stock worth $105,680,000 after purchasing an additional 479,849 shares in the last quarter. Finally, Prudential PLC raised its stake in shares of Emerson Electric by 32.8% during the 2nd quarter. Prudential PLC now owns 1,852,716 shares of the industrial products company’s stock worth $123,688,000 after purchasing an additional 457,104 shares in the last quarter. Institutional investors own 70.55% of the company’s stock.

EMR has been the topic of a number of analyst reports. Cowen cut Emerson Electric from an “outperform” rating to a “market perform” rating and set a $72.00 price objective on the stock. in a research note on Wednesday, November 6th. HSBC cut Emerson Electric from a “hold” rating to a “reduce” rating and set a $64.00 price objective on the stock. in a research note on Thursday, November 14th. Royal Bank of Canada upgraded Emerson Electric from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $65.00 to $77.00 in a research note on Monday, September 30th. Morgan Stanley upped their price objective on Emerson Electric from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, Credit Suisse Group upgraded Emerson Electric from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $76.25.

In other news, CFO Frank J. Dellaquila sold 40,817 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $73.73, for a total transaction of $3,009,437.41. Following the sale, the chief financial officer now directly owns 278,803 shares of the company’s stock, valued at approximately $20,556,145.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Robert T. Sharp sold 7,000 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $76.13, for a total value of $532,910.00. Following the sale, the insider now directly owns 131,315 shares in the company, valued at $9,997,010.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,565 shares of company stock worth $4,701,330. Insiders own 0.50% of the company’s stock.

EMR opened at $76.66 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.52. The stock’s fifty day simple moving average is $75.91 and its 200 day simple moving average is $68.23. Emerson Electric Co. has a 1-year low of $55.98 and a 1-year high of $77.98. The stock has a market cap of $46.83 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 2.67 and a beta of 1.38.

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

Emerson Electric 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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