Carl Domino decreased its position in Emerson Electric Co. (NYSE:EMR) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The hedge fund owned 23,795 shares of the company’s stock after selling 1,675 shares during the period. Carl Domino’s holdings in Emerson Electric were worth $1,138,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. International Value Advisers acquired a new stake in shares of Emerson Electric during the third quarter worth about $118,658,000. Needelman Asset Management boosted its stake in shares of Emerson Electric by 38.6% in the fourth quarter. Needelman Asset Management now owns 17,795 shares of the company’s stock worth $851,000 after buying an additional 4,955 shares during the period. Edge Wealth Management boosted its stake in shares of Emerson Electric by 330.0% in the fourth quarter. Edge Wealth Management now owns 70,151 shares of the company’s stock worth $3,369,000 after buying an additional 53,835 shares during the period. Palo Capital acquired a new stake in shares of Emerson Electric during the third quarter worth about $605,000. Finally, Acropolis Investment Management boosted its stake in shares of Emerson Electric by 3.2% in the fourth quarter. Acropolis Investment Management now owns 37,362 shares of the company’s stock worth $1,787,000 after buying an additional 1,165 shares during the period.

Shares of Emerson Electric Co. (NYSE:EMR) opened at 43.38 on Thursday. The stock has a market cap of $28.39 billion and a P/E ratio of 10.87. The stock’s 50 day moving average is $45.34 and its 200-day moving average is $47.52. Emerson Electric Co. has a one year low of $41.25 and a one year high of $62.75.

Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, November 3rd. The company reported $0.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.97 by $0.04. During the same period in the prior year, the company earned $1.30 earnings per share. The firm had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.84 billion. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. On average, equities analysts forecast that Emerson Electric Co. will post $3.03 EPS for the current year.

A number of equities research analysts have recently issued reports on EMR shares. Barclays cut their price objective on shares of Emerson Electric from $53.00 to $46.00 and set an “equal weight” rating for the company in a research note on Monday, October 5th. Morgan Stanley cut their price objective on shares of Emerson Electric from $55.00 to $50.00 in a research note on Wednesday, October 7th. Nomura cut their price objective on shares of Emerson Electric from $63.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. RBC Capital cut their price objective on shares of Emerson Electric from $49.00 to $47.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 4th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $52.00 price objective on shares of Emerson Electric in a research note on Wednesday, November 4th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company. Emerson Electric has a consensus rating of “Hold” and an average price target of $52.17.

Emerson Electric Co. is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. The Process Management segment provides measurement, control and diagnostic capabilities for automated industrial processes. The Industrial Automation segment provides integrated manufacturing solutions to its customers at the source of manufacturing their own products. The Network Power segment designs, manufactures, installs and maintains products providing grid-to-chip electric power conditioning. The Climate Technologies segment provides products and services for the climate control industry. The Company’s Commercial & Residential Solutions segment offers a range of tools, storage products and appliance solutions.

12 Month Chart for NYSE:EMR

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