The Emerson Electric Co. (EMR) Stake Lowered by Blue Fin Capital Inc.

The Emerson Electric Co. (EMR) Stake Lowered by Blue Fin Capital Inc.

Blue Fin Capital Inc. reduced its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 7,975 shares of the company’s stock after selling 200 shares during the period. Blue Fin Capital Inc.’s holdings in Emerson Electric were worth $416,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Capital One National Association boosted its position in shares of Emerson Electric by 0.4% in the second quarter. Capital One National Association now owns 7,431 shares of the company’s stock worth $388,000 after buying an additional 27 shares during the last quarter. NEXT Financial Group Inc boosted its position in shares of Emerson Electric by 0.6% in the second quarter. NEXT Financial Group Inc now owns 5,020 shares of the company’s stock worth $261,000 after buying an additional 31 shares during the last quarter. Maryland Capital Management boosted its position in shares of Emerson Electric by 0.8% in the first quarter. Maryland Capital Management now owns 6,100 shares of the company’s stock worth $332,000 after buying an additional 50 shares during the last quarter. Carroll Financial Associates Inc. boosted its position in shares of Emerson Electric by 0.6% in the second quarter. Carroll Financial Associates Inc. now owns 12,114 shares of the company’s stock worth $631,000 after buying an additional 74 shares during the last quarter. Finally, Goelzer Investment Management Inc. boosted its position in shares of Emerson Electric by 1.2% in the second quarter. Goelzer Investment Management Inc. now owns 7,051 shares of the company’s stock worth $368,000 after buying an additional 84 shares during the last quarter. 69.38% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Co. (NYSE:EMR) traded down 0.20% during mid-day trading on Monday, reaching $49.78. 2,104,891 shares of the company were exchanged. Emerson Electric Co. has a 12 month low of $41.25 and a 12 month high of $56.82. The company has a market cap of $32.04 billion, a P/E ratio of 17.63 and a beta of 1.19. The stock’s 50-day moving average is $52.22 and its 200-day moving average is $53.28.

Emerson Electric (NYSE:EMR) last released its earnings results 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. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.34 billion. Emerson Electric had a return on equity of 24.63% and a net margin of 8.96%. Equities analysts expect that Emerson Electric Co. will post $2.92 earnings per share for the current year.

A number of brokerages have recently commented on EMR. Stifel Nicolaus cut their target price on shares of Emerson Electric from $60.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, August 3rd. Barclays PLC dropped their price objective on shares of Emerson Electric from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 3rd. Zacks Investment Research cut shares of Emerson Electric from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Citigroup Inc. dropped their price objective on shares of Emerson Electric from $49.00 to $48.00 and set a “sell” rating on the stock in a research note on Wednesday, August 3rd. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Emerson Electric in a research note on Monday, June 27th. Eight investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $51.91.

Emerson Electric Company Profile

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.

Related posts

Leave a Comment