Apella Capital LLC Increases Position in Emerson Electric Co. (NYSE:EMR)

Apella Capital LLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 60.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,169 shares of the industrial products company’s stock after acquiring an additional 1,578 shares during the quarter. Apella Capital LLC’s holdings in Emerson Electric were worth $457,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of EMR. Tobam increased its position in shares of Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 273 shares during the period. Accordant Advisory Group Inc acquired a new position in shares of Emerson Electric during the first quarter worth $29,000. Security National Bank acquired a new position in shares of Emerson Electric during the fourth quarter worth $29,000. Cape Investment Advisory Inc. grew its stake in shares of Emerson Electric by 148.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares in the last quarter. Finally, Transcendent Capital Group LLC acquired a new position in shares of Emerson Electric during the first quarter worth $31,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 7.6 %

Shares of NYSE:EMR traded down $8.24 during trading on Wednesday, hitting $99.54. 8,057,712 shares of the company’s stock were exchanged, compared to its average volume of 2,667,830. The firm has a 50-day moving average price of $111.10 and a two-hundred day moving average price of $109.18. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53. The firm has a market cap of $56.95 billion, a P/E ratio of 5.40, a PEG ratio of 1.93 and a beta of 1.32. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter last year, the firm earned $1.09 EPS. Emerson Electric’s quarterly revenue was up 16.5% compared to the same quarter last year. Equities analysts predict that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EMR. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a research note on Wednesday, June 26th. Redburn Atlantic began coverage on shares of Emerson Electric in a research note on Monday, July 8th. They set a “buy” rating and a $135.00 target price for the company. Deutsche Bank Aktiengesellschaft upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and increased their target price for the stock from $123.00 to $138.00 in a research note on Thursday, May 9th. Finally, Loop Capital increased their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.88.

Emerson Electric Company Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.