Trading Report: The Sit Investment Associates Inc. Continues to Hold Position in Emerson Electric Co. (EMR)

The Sit Investment Associates Inc. Continues to Hold Position in Emerson Electric Co. (EMR)

Sit Investment Associates Inc. held its stake in Emerson Electric Co. (NYSE:EMR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,240 shares of the company’s stock at the end of the second quarter. Sit Investment Associates Inc.’s holdings in Emerson Electric were worth $221,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI increased its stake in Emerson Electric by 11.4% in the second quarter. Arcadia Investment Management Corp MI now owns 2,281 shares of the company’s stock worth $119,000 after buying an additional 234 shares during the period. Americafirst Capital Management LLC purchased a new stake in Emerson Electric during the second quarter worth $128,000. Integrated Investment Consultants LLC increased its stake in Emerson Electric by 99.5% in the second quarter. Integrated Investment Consultants LLC now owns 2,530 shares of the company’s stock worth $132,000 after buying an additional 1,262 shares during the period. Oakworth Capital Inc. increased its stake in Emerson Electric by 405.6% in the second quarter. Oakworth Capital Inc. now owns 2,705 shares of the company’s stock worth $141,000 after buying an additional 2,170 shares during the period. Finally, Middleton & Co Inc MA purchased a new stake in Emerson Electric during the first quarter worth $208,000. Hedge funds and other institutional investors own 69.40% of the company’s stock.

Shares of Emerson Electric Co. (NYSE:EMR) traded down 0.64% during midday trading on Friday, reaching $49.88. 3,790,225 shares of the company were exchanged. Emerson Electric Co. has a 52-week low of $41.25 and a 52-week high of $56.82. The company has a market capitalization of $32.10 billion, a P/E ratio of 17.66 and a beta of 1.19. The stock has a 50-day moving average price of $52.34 and a 200 day moving average price of $53.31.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by $0.04. Emerson Electric had a net margin of 8.96% and a return on equity of 24.63%. The business earned $5.10 billion during the quarter, compared to the consensus estimate of $5.34 billion. Equities research analysts expect that Emerson Electric Co. will post $2.92 EPS for the current fiscal year.

EMR has been the subject of a number of research analyst reports. Credit Suisse Group AG restated a “buy” rating on shares of Emerson Electric in a research report on Sunday, July 10th. Stifel Nicolaus cut their target price on Emerson Electric from $60.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, August 3rd. Barclays PLC restated an “equal weight” rating and issued a $55.00 target price (down from $56.00) on shares of Emerson Electric in a research report on Monday, July 18th. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Emerson Electric in a research report on Wednesday, June 22nd. Finally, Deutsche Bank AG cut their target price on Emerson Electric from $55.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, August 8th. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $51.91.

About Emerson Electric

Emerson Electric Co is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.

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