Emerson Electric Company (EMR) Shares Bought by Burney Co.
Burney Co. increased its position in Emerson Electric Company (NYSE:EMR) by 11.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,221 shares of the industrial products company’s stock after purchasing an additional 10,305 shares during the quarter. Burney Co.’s holdings in Emerson Electric were worth $5,793,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in EMR. UBS Asset Management Americas Inc. grew its stake in Emerson Electric by 28.8% in the first quarter. UBS Asset Management Americas Inc. now owns 2,418,472 shares of the industrial products company’s stock worth $144,770,000 after purchasing an additional 540,927 shares in the last quarter. Meadow Creek Investment Management LLC grew its stake in Emerson Electric by 23.2% in the first quarter. Meadow Creek Investment Management LLC now owns 10,758 shares of the industrial products company’s stock worth $644,000 after purchasing an additional 2,024 shares in the last quarter. Northstar Investment Advisors LLC grew its stake in Emerson Electric by 1.6% in the first quarter. Northstar Investment Advisors LLC now owns 145,461 shares of the industrial products company’s stock worth $8,707,000 after purchasing an additional 2,314 shares in the last quarter. Teza Capital Management LLC grew its stake in Emerson Electric by 391.7% in the first quarter. Teza Capital Management LLC now owns 26,531 shares of the industrial products company’s stock worth $1,588,000 after purchasing an additional 21,135 shares in the last quarter. Finally, Tirschwell & Loewy Inc. grew its stake in Emerson Electric by 7.8% in the first quarter. Tirschwell & Loewy Inc. now owns 9,002 shares of the industrial products company’s stock worth $539,000 after purchasing an additional 650 shares in the last quarter. 69.98% of the stock is currently owned by institutional investors.
In related news, insider Robert T. Sharp sold 2,000 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were 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 $3,792,467.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.79% of the company’s stock.
Shares of Emerson Electric Company (NYSE:EMR) opened at 64.46 on Wednesday. Emerson Electric Company has a 52-week low of $49.38 and a 52-week high of $67.79. The firm has a market cap of $41.26 billion, a PE ratio of 28.76 and a beta of 1.22. The stock has a 50 day moving average price of $64.11 and a 200-day moving average price of $60.65.
Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. On average, equities analysts anticipate that Emerson Electric Company will post $2.62 EPS for the current fiscal year.
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Several research analysts recently issued reports on the company. Zacks Investment Research raised Emerson Electric from a “sell” rating to a “hold” rating in a research note on Tuesday. Cowen and Company raised Emerson Electric to a “buy” rating and set a $71.00 price objective on the stock in a research note on Monday, October 23rd. BidaskClub cut Emerson Electric from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Stifel Nicolaus reissued a “buy” rating and issued a $68.00 price objective on shares of Emerson Electric in a research note on Wednesday, July 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Emerson Electric in a research report on Tuesday, July 11th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $62.86.
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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