Pennsylvania Trust Co Buys 31,417 Shares of Emerson Electric Co. (EMR)

Pennsylvania Trust Co lifted its stake in Emerson Electric Co. (NYSE:EMR) by 39.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,757 shares of the industrial products company’s stock after buying an additional 31,417 shares during the quarter. Pennsylvania Trust Co’s holdings in Emerson Electric were worth $15,401,000 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 the company. Flagship Harbor Advisors LLC raised its stake in Emerson Electric by 8.1% during the 1st quarter. Flagship Harbor Advisors LLC now owns 4,696 shares of the industrial products company’s stock valued at $321,000 after purchasing an additional 351 shares during the period. Welch Group LLC raised its stake in Emerson Electric by 4.2% during the 1st quarter. Welch Group LLC now owns 371,733 shares of the industrial products company’s stock valued at $25,453,000 after purchasing an additional 14,871 shares during the period. First Command Financial Services Inc. raised its stake in Emerson Electric by 70.2% during the 1st quarter. First Command Financial Services Inc. now owns 6,620 shares of the industrial products company’s stock valued at $454,000 after purchasing an additional 2,730 shares during the period. Quantitative Systematic Strategies LLC bought a new stake in Emerson Electric during the 1st quarter valued at approximately $2,595,000. Finally, Ropes Wealth Advisors LLC raised its stake in Emerson Electric by 1.2% during the 1st quarter. Ropes Wealth Advisors LLC now owns 12,197 shares of the industrial products company’s stock valued at $835,000 after purchasing an additional 146 shares during the period. 72.63% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:EMR opened at $72.18 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 0.88. Emerson Electric Co. has a 1 year low of $55.38 and a 1 year high of $79.70. The company has a market capitalization of $44.36 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 2.25 and a beta of 1.24.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.08. Emerson Electric had a return on equity of 24.21% and a net margin of 12.83%. 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 company posted $0.61 EPS. The company’s revenue was up 8.7% compared to the same quarter last year. On average, equities analysts expect that Emerson Electric Co. will post 3.7 earnings per share for the current fiscal year.

Several analysts recently issued reports on EMR shares. Zacks Investment Research downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Credit Suisse Group raised Emerson Electric from a “neutral” rating to an “outperform” rating and set a $59.60 target price on the stock in a research note on Thursday, January 3rd. Citigroup raised Emerson Electric from a “sell” rating to a “neutral” rating and set a $66.00 target price on the stock in a research note on Monday, January 14th. Wells Fargo & Co decreased their target price on Emerson Electric from $77.00 to $69.00 and set a “market perform” rating on the stock in a research note on Wednesday, December 19th. They noted that the move was a valuation call. Finally, Royal Bank of Canada downgraded Emerson Electric from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $68.00 to $61.00 in a research note on Thursday, January 3rd. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Emerson Electric has a consensus rating of “Buy” and an average target price of $76.61.

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About Emerson Electric

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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