The Whittier Trust Co. of Nevada Inc. Lowers Stake in Emerson Electric Co. (EMR)

The Whittier Trust Co. of Nevada Inc. Lowers Stake in Emerson Electric Co. (EMR)

Whittier Trust Co. of Nevada Inc. cut its position in Emerson Electric Co. (NYSE:EMR) by 6.0% during the third quarter, Holdings Channel reports. The firm owned 31,248 shares of the company’s stock after selling 1,978 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Emerson Electric were worth $1,703,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of EMR. Nisa Investment Advisors LLC increased its position in Emerson Electric by 1.2% in the third quarter. Nisa Investment Advisors LLC now owns 292,543 shares of the company’s stock worth $15,946,000 after buying an additional 3,550 shares in the last quarter. CenturyLink Investment Management Co increased its position in Emerson Electric by 0.9% in the third quarter. CenturyLink Investment Management Co now owns 35,408 shares of the company’s stock worth $1,930,000 after buying an additional 317 shares in the last quarter. Nomura Holdings Inc. increased its position in Emerson Electric by 479.7% in the second quarter. Nomura Holdings Inc. now owns 422,945 shares of the company’s stock worth $21,933,000 after buying an additional 349,991 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in Emerson Electric by 6.5% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,405,292 shares of the company’s stock worth $76,602,000 after buying an additional 85,750 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Emerson Electric by 0.7% in the third quarter. Bank of New York Mellon Corp now owns 14,405,597 shares of the company’s stock worth $785,251,000 after buying an additional 99,471 shares in the last quarter. Institutional investors and hedge funds own 69.85% of the company’s stock.

Shares of Emerson Electric Co. (NYSE:EMR) traded up 2.11% during trading on Thursday, hitting $58.43. The stock had a trading volume of 5,955,052 shares. The company has a market capitalization of $37.56 billion, a price-to-earnings ratio of 23.19 and a beta of 1.20. The firm has a 50 day moving average of $56.74 and a 200 day moving average of $53.95. Emerson Electric Co. has a 1-year low of $41.79 and a 1-year high of $59.32.

Several brokerages have recently issued reports on EMR. RBC Capital Markets set a $48.00 price target on shares of Emerson Electric and gave the company a “hold” rating in a report on Wednesday, January 4th. Vetr downgraded shares of Emerson Electric from a “sell” rating to a “strong sell” rating and set a $44.20 price target for the company. in a report on Monday, November 7th. Sanford C. Bernstein reissued a “market perform” rating on shares of Emerson Electric in a report on Thursday, December 15th. TheStreet downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st. Finally, Berenberg Bank began coverage on shares of Emerson Electric in a report on Monday, October 3rd. They set a “sell” rating and a $41.00 price target for the company. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating and two have given a buy rating to the company’s stock. Emerson Electric currently has a consensus rating of “Hold” and an average price target of $51.56.

Emerson Electric Company Profile

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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