14,853 Shares in Emerson Electric Co. (NYSE:EMR) Bought by Convergence Investment Partners LLC

Convergence Investment Partners LLC acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 14,853 shares of the industrial products company’s stock, valued at approximately $921,000.

Other large investors also recently modified their holdings of the company. Verus Capital Partners LLC purchased a new position in Emerson Electric during the 4th quarter valued at about $27,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Emerson Electric during the 4th quarter valued at about $1,902,000. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of Emerson Electric by 23.2% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,205 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 227 shares during the last quarter. Fulton Bank N.A. boosted its position in shares of Emerson Electric by 5.4% during the 1st quarter. Fulton Bank N.A. now owns 6,153 shares of the industrial products company’s stock valued at $293,000 after acquiring an additional 318 shares during the last quarter. Finally, Bangor Savings Bank boosted its position in shares of Emerson Electric by 6.2% during the 1st quarter. Bangor Savings Bank now owns 8,434 shares of the industrial products company’s stock valued at $402,000 after acquiring an additional 491 shares during the last quarter. Institutional investors and hedge funds own 71.50% of the company’s stock.

EMR stock traded down $0.64 during midday trading on Friday, hitting $62.01. The company had a trading volume of 3,472,268 shares, compared to its average volume of 2,238,790. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.52. Emerson Electric Co. has a 52 week low of $37.75 and a 52 week high of $78.38. The stock’s 50 day moving average price is $61.89 and its 200 day moving average price is $60.95. The stock has a market cap of $37.05 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 3.22 and a beta of 1.50.

In other Emerson Electric news, VP Bell Katherine Button sold 687 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $62.27, for a total value of $42,779.49. Following the completion of the sale, the vice president now owns 29,741 shares in the company, valued at $1,851,972.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Steven J. Pelch sold 5,061 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $67.51, for a total value of $341,668.11. Insiders own 0.50% of the company’s stock.

EMR has been the subject of a number of research analyst reports. Cowen reiterated a “hold” rating and set a $63.00 price target on shares of Emerson Electric in a research report on Wednesday, April 29th. Morgan Stanley lifted their price target on Emerson Electric from $54.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 30th. Argus upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Wednesday, April 22nd. TheStreet upgraded Emerson Electric from a “c+” rating to a “b-” rating in a research report on Wednesday, June 17th. Finally, Royal Bank of Canada dropped their target price on Emerson Electric from $51.00 to $50.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $64.93.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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

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