1,798 Shares in Emerson Electric Co. (NYSE:EMR) Acquired by Alexander Labrunerie & CO. Inc.

Alexander Labrunerie & CO. Inc. bought a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,798 shares of the industrial products company’s stock, valued at approximately $223,000.

A number of other hedge funds have also added to or reduced their stakes in EMR. State Street Corp grew its position in shares of Emerson Electric by 6.2% during the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after acquiring an additional 1,507,980 shares during the period. Wellington Management Group LLP grew its position in shares of Emerson Electric by 4.2% during the 3rd quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock valued at $1,591,612,000 after acquiring an additional 581,102 shares during the period. Geode Capital Management LLC grew its position in shares of Emerson Electric by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after acquiring an additional 162,985 shares during the period. Nordea Investment Management AB grew its position in shares of Emerson Electric by 5.7% during the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock valued at $871,083,000 after acquiring an additional 375,470 shares during the period. Finally, Van ECK Associates Corp grew its position in shares of Emerson Electric by 107.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after acquiring an additional 2,016,075 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on EMR shares. JPMorgan Chase & Co. dropped their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. Finally, Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.45.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $127.92 on Wednesday. The firm has a market cap of $72.85 billion, a PE ratio of 37.40, a price-to-earnings-growth ratio of 2.22 and a beta of 1.34. The firm’s 50 day simple moving average is $127.04 and its 200-day simple moving average is $116.52. Emerson Electric Co. has a one year low of $92.16 and a one year high of $134.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77.

About Emerson Electric

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.