Pinnacle Associates Ltd. raised its holdings in Emerson Electric Company (NYSE:EMR) by 10.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 56,015 shares of the industrial products company’s stock after acquiring an additional 5,275 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Emerson Electric were worth $3,340,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in EMR. Washington Trust Bank grew its position in shares of Emerson Electric by 0.4% during the 2nd quarter. Washington Trust Bank now owns 4,040 shares of the industrial products company’s stock worth $241,000 after buying an additional 16 shares in the last quarter. RB Capital Management LLC grew its position in shares of Emerson Electric by 0.6% during the 2nd quarter. RB Capital Management LLC now owns 4,475 shares of the industrial products company’s stock worth $267,000 after buying an additional 26 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Emerson Electric by 0.5% during the 2nd quarter. Parallel Advisors LLC now owns 4,892 shares of the industrial products company’s stock worth $292,000 after buying an additional 26 shares in the last quarter. Guardian Life Insurance Co. of America grew its position in shares of Emerson Electric by 1.1% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock worth $149,000 after buying an additional 28 shares in the last quarter. Finally, Busey Trust CO grew its position in shares of Emerson Electric by 0.5% during the 2nd quarter. Busey Trust CO now owns 6,834 shares of the industrial products company’s stock worth $407,000 after buying an additional 31 shares in the last quarter. 69.98% of the stock is currently owned by institutional investors.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.04. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%.

In other Emerson Electric news, insider Robert T. Sharp sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $58.99, for a total transaction of $117,980.00. Following the completion of the sale, the insider now directly owns 64,290 shares of the company’s stock, valued at approximately $3,792,467.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is owned by corporate insiders.

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A number of equities analysts have recently issued reports on EMR shares. Cowen and Company raised Emerson Electric to a “buy” rating and set a $71.00 price target on the stock in a research report on Monday, October 23rd. Stifel Nicolaus reissued a “buy” rating and set a $68.00 price target on shares of Emerson Electric in a research report on Wednesday, July 19th. Bank of America Corporation raised Emerson Electric from a “neutral” rating to a “buy” rating and increased their price target for the stock from $64.44 to $79.00 in a research report on Tuesday, October 17th. Morgan Stanley reissued an “equal weight” rating and set a $67.00 price target (up previously from $64.00) on shares of Emerson Electric in a research report on Monday, October 2nd. Finally, Zacks Investment Research raised Emerson Electric from a “sell” rating to a “hold” rating in a research report on Tuesday. Four equities 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 company’s stock. Emerson Electric presently has a consensus rating of “Hold” and an average price target of $62.86.

Emerson Electric Profile

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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