38,133 Shares in Emerson Electric Co. $EMR Acquired by First Nebraska Trust Co

First Nebraska Trust Co bought a new position in shares of Emerson Electric Co. (NYSE:EMR) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 38,133 shares of the industrial products company’s stock, valued at approximately $5,914,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EMR. ABS Investment Management LLC purchased a new position in Emerson Electric during the second quarter valued at $858,900,000. William Mack & Associates Inc. acquired a new stake in shares of Emerson Electric in the third quarter valued at about $25,000. Financial Management Professionals Inc. increased its stake in shares of Emerson Electric by 100.0% during the third quarter. Financial Management Professionals Inc. now owns 172 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 86 shares in the last quarter. Next Level Wealth Planning LLC purchased a new stake in shares of Emerson Electric during the third quarter worth about $27,000. Finally, Allied Private Wealth LLC acquired a new position in shares of Emerson Electric during the 2nd quarter worth about $27,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Karsanbhai sold 9,650 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $161.91, for a total value of $1,562,431.50. Following the transaction, the chief executive officer directly owned 271,743 shares of the company’s stock, valued at $43,997,909.13. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.23% of the stock is owned by company insiders.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $166.37 on Wednesday. The firm has a 50-day simple moving average of $157.41 and a 200-day simple moving average of $147.35. The company has a quick ratio of 0.66, a current ratio of 0.90 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $93.19 billion, a price-to-earnings ratio of 36.41, a price-to-earnings-growth ratio of 2.31 and a beta of 1.23. Emerson Electric Co. has a 52 week low of $122.64 and a 52 week high of $171.25.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.03. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The firm had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same period in the previous year, the business posted $1.52 earnings per share. Emerson Electric’s quarterly revenue was up .0% on a year-over-year basis. On average, equities analysts predict that Emerson Electric Co. will post 6.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on EMR shares. BMO Capital Markets raised shares of Emerson Electric from a “hold” rating to a “strong-buy” rating in a research note on Sunday. Weiss Ratings upgraded Emerson Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Evercore reduced their target price on Emerson Electric from $190.00 to $185.00 and set an “outperform” rating for the company in a report on Monday, August 31st. Sanford C. Bernstein raised their target price on Emerson Electric from $169.00 to $186.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Finally, Wells Fargo & Company assumed coverage on Emerson Electric in a research note on Friday, September 25th. They issued an “overweight” rating and a $177.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $171.96.

About Emerson Electric

Emerson Electric Co (NYSE: EMR) is a global technology and engineering company that provides automation, control, and industrial technology solutions. Its offerings include measurement and analytical instruments, control systems, valves, regulators, software, and related services used to improve the safety, efficiency, and reliability of industrial operations.

The company serves customers across industries such as energy, chemicals, life sciences, food and beverage, manufacturing, and commercial and residential applications.