Asset Advisors Corp maintained its stake in Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,000 shares of the company’s stock at the end of the fourth quarter. Asset Advisors Corp’s holdings in Emerson Electric were worth $335,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Hamlin Capital Management LLC increased its stake in shares of Emerson Electric by 142.9% in the fourth quarter. Hamlin Capital Management LLC now owns 1,038,991 shares of the company’s stock worth $49,695,000 after buying an additional 611,209 shares in the last quarter. Dalton Greiner Hartman Maher & Company purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $15,372,000. Nordea Investment Management AB increased its stake in shares of Emerson Electric by 303.3% in the fourth quarter. Nordea Investment Management AB now owns 134,307 shares of the company’s stock worth $6,424,000 after buying an additional 101,009 shares in the last quarter. Douglass Winthrop Advisors LLC increased its stake in shares of Emerson Electric by 448.0% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 121,664 shares of the company’s stock worth $6,889,000 after buying an additional 99,464 shares in the last quarter. Finally, Saddle Road Partners purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $3,587,000.

Shares of Emerson Electric Co. (NYSE:EMR) opened at 45.98 on Friday. The company’s 50-day moving average is $45.23 and its 200 day moving average is $47.44. Emerson Electric Co. has a 52 week low of $41.25 and a 52 week high of $62.75. The firm has a market capitalization of $30.10 billion and a price-to-earnings ratio of 11.52.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $0.97 by $0.04. The company had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.84 billion. During the same period last year, the business earned $1.30 earnings per share. The business’s revenue was down 14.6% compared to the same quarter last year. Analysts anticipate that Emerson Electric Co. will post $3.05 EPS for the current fiscal year.

A number of equities analysts recently weighed in on the stock. Barclays lowered 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 report on Monday, October 5th. Morgan Stanley lowered their price objective on shares of Emerson Electric from $55.00 to $50.00 in a research report on Wednesday, October 7th. Nomura lowered 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 report on Wednesday, October 7th. RBC Capital lowered 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 report on Wednesday, November 4th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $52.00 price objective on shares of Emerson Electric in a research report on Wednesday, November 4th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus 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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