Cape Cod Five Cents Savings Bank Raises Position in Emerson Electric Company (NYSE:EMR)

Cape Cod Five Cents Savings Bank boosted its stake in shares of Emerson Electric Company (NYSE:EMR) by 9.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 33,459 shares of the industrial products company’s stock after buying an additional 3,008 shares during the period. Cape Cod Five Cents Savings Bank’s holdings in Emerson Electric were worth $1,994,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. boosted its position in shares of Emerson Electric by 3.8% in the fourth quarter. Franklin Resources Inc. now owns 1,430,731 shares of the industrial products company’s stock valued at $79,764,000 after buying an additional 51,924 shares during the last quarter. First Republic Investment Management Inc. boosted its position in shares of Emerson Electric by 0.6% in the fourth quarter. First Republic Investment Management Inc. now owns 94,380 shares of the industrial products company’s stock valued at $5,261,000 after buying an additional 560 shares during the last quarter. Intellectus Partners LLC purchased a new position in shares of Emerson Electric during the fourth quarter valued at $488,000. Moloney Securities Asset Management LLC purchased a new position in shares of Emerson Electric during the fourth quarter valued at $548,000. Finally, Janus Capital Management LLC boosted its position in shares of Emerson Electric by 3.8% in the fourth quarter. Janus Capital Management LLC now owns 716,834 shares of the industrial products company’s stock valued at $39,963,000 after buying an additional 26,054 shares during the last quarter. 68.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Emerson Electric Company (NYSE EMR) traded up 0.33% during mid-day trading on Monday, reaching $60.38. 1,698,340 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $59.24 and a 200 day moving average price of $59.20. Emerson Electric Company has a 52 week low of $49.22 and a 52 week high of $64.36. The stock has a market cap of $38.91 billion, a price-to-earnings ratio of 25.79 and a beta of 1.20.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.49 billion. Emerson Electric had a return on equity of 23.37% and a net margin of 8.72%. The company’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 EPS. Equities research analysts predict that Emerson Electric Company will post $2.60 EPS for the current year.

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EMR has been the topic of several recent research reports. Royal Bank Of Canada reissued a “hold” rating and set a $58.00 price target on shares of Emerson Electric in a research report on Tuesday, April 11th. Zacks Investment Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Wednesday, April 19th. Cowen and Company reissued a “hold” rating and set a $62.00 price target on shares of Emerson Electric in a research report on Tuesday, April 25th. TheStreet raised shares of Emerson Electric from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $67.00 price target (up previously from $65.00) on shares of Emerson Electric in a research report on Monday, May 15th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company’s stock. Emerson Electric has an average rating of “Hold” and an average target price of $56.64.

About Emerson Electric

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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