Pine Valley Investments Ltd Liability Co Acquires 8,606 Shares of Emerson Electric Co. $EMR

Pine Valley Investments Ltd Liability Co raised its holdings in Emerson Electric Co. (NYSE:EMR) by 118.8% during the first quarter, Holdings Channel reports. The institutional investor owned 15,853 shares of the industrial products company’s stock after buying an additional 8,606 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Emerson Electric were worth $2,077,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rooted Wealth Advisors Inc. increased its holdings in Emerson Electric by 3.0% during the 4th quarter. Rooted Wealth Advisors Inc. now owns 2,195 shares of the industrial products company’s stock worth $291,000 after purchasing an additional 64 shares in the last quarter. Institute for Wealth Management LLC. raised its position in Emerson Electric by 1.6% in the 4th quarter. Institute for Wealth Management LLC. now owns 4,546 shares of the industrial products company’s stock valued at $603,000 after buying an additional 71 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in Emerson Electric by 2.4% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 3,098 shares of the industrial products company’s stock valued at $411,000 after acquiring an additional 72 shares in the last quarter. Zhang Financial LLC boosted its holdings in Emerson Electric by 2.7% during the 4th quarter. Zhang Financial LLC now owns 2,892 shares of the industrial products company’s stock worth $384,000 after acquiring an additional 76 shares during the last quarter. Finally, Klingman & Associates LLC grew its stake in shares of Emerson Electric by 1.4% in the 4th quarter. Klingman & Associates LLC now owns 5,680 shares of the industrial products company’s stock worth $754,000 after acquiring an additional 78 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

EMR has been the subject of several analyst reports. Daiwa Securities Group lowered their target price on shares of Emerson Electric from $177.00 to $156.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Royal Bank Of Canada upped their price objective on shares of Emerson Electric from $161.00 to $169.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Sanford C. Bernstein decreased their price objective on shares of Emerson Electric from $175.00 to $169.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Wells Fargo & Company boosted their target price on Emerson Electric from $135.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. raised Emerson Electric from a “neutral” rating to an “overweight” rating and set a $157.00 target price for the company in a report on Friday, July 17th. Thirteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $162.36.

Emerson Electric Stock Performance

NYSE EMR opened at $154.95 on Tuesday. The company has a market capitalization of $86.79 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 2.26 and a beta of 1.25. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.64 and a current ratio of 0.87. Emerson Electric Co. has a 52-week low of $122.64 and a 52-week high of $165.15. The company has a 50-day simple moving average of $142.74 and a 200 day simple moving average of $142.29.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, May 5th. The industrial products company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. Emerson Electric had a net margin of 13.35% and a return on equity of 17.18%. The firm had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.59 billion. During the same period in the previous year, the company earned $1.48 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, research analysts predict that Emerson Electric Co. will post 6.49 EPS for the current year.

About Emerson Electric

Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.

Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.