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Unusual Activity Spotted in Emerson Electric Co (EMR)

Reuters Reuters
Manuel Armenta | 04 May, 2017, 19:58

(NYSE:EMR). 6,832 were accumulated by Goelzer Invest Mgmt Inc. Large ranges indicate high volatility and small ranges indicate low volatility.

Farr, Chairman and CEO, said: Following our solid first quarter, the second quarter results again exceeded our expectations delivering continued profitability improvement over the prior year. Its sales stood at -6.20% a year on average in the period of last five years.

Basically, a price target is an individual analyst's projection on the future price of a stock.

(EMR) announced a profit for its second quarter that climbed compared to the same period a year ago.

The counter witnessed a trading volume of 0.23 million shares versus an average volume of 0.13 million shares during last trading session. Analysts' estimates typically exclude special items.

Turning to Return on Assets or ROA, Emerson Electric Co (EMR) has a current ROA of 8.62.

According to the latest research reports released, 2 analysts have issued a rating of "buy", 1 analysts "outperform", 16 analysts "hold", 0 analysts "underperform" and 2 analysts "sell".

A number of research firms have recently weighed in on EMR. Stifel Nicolaus upped their target price on shares of Emerson Electric from $63.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, February 9th. Wells Fargo & Co reiterated a "market perform" rating on shares of Emerson Electric in a research note on Wednesday, February 8th. Zacks Investment Research raised Emerson Electric from a "hold" rating to a "buy" rating and set a $65.00 target price for the company in a research note on Wednesday, April 19th. Wall Street is only getting more bullish on the stock, with 3 of analysts who cover EMR having a buy-equivalent rating. The stock's average target of $67.14 is -8.04% below today's ($73.01) share price. Woodstock Corp's holdings in Emerson Electric were worth $6,357,000 at the end of the most recent reporting period.

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10/03/2016 - Berenberg Bank began new coverage on Emerson Electric Company giving the company a "sell" rating. The shares were sold at an average price of $63.31, for a total value of $496,287.09. Longview Partners (Guernsey) Ltd owns 12.78 million shares or 4.71% of their USA portfolio. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

In addition, EMR also acquired a few other small companies, including Spectronix for $99M, that will be used to align with its business strategies. Armstrong Henry H Associates Inc. boosted its position in shares of Emerson Electric by 0.3% in the third quarter.

Chemung Canal Trust Company increased Emerson (EMR) stake by 32.42% reported in 2016Q4 SEC filing. The stock traded at a volume of 3.81 million shares. Beese Fulmer Investment Management Inc. now owns 44,603 shares of the industrial products company's stock valued at $2,431,000 after buying an additional 860 shares during the period. Longview Partners Guernsey LTD now owns 13,079,698 shares of the industrial products company's stock valued at $712,974,000 after buying an additional 202,009 shares during the last quarter. The Nebraska-based Westchester Capital Management Inc. has invested 3.6% in the stock. The stock decreased 2.00% or $1.21 during the last trading session, reaching $59.16. RSI measures the speed and change of a stock price to warn investors when a stock's momentum has carried it too far. Emerson Electric Co (EMR) now has Return on Equity of 21.77. The company has a market capitalization of $38.94 billion, a price-to-earnings ratio of 24.49 and a beta of 1.17. The stock has a 50 day moving average price of $59.53 and a 200-day moving average price of $57.43. Dekabank Deutsche Girozentrale has 295,939 shares for 0.18% of their portfolio.