Clayton Financial Group LLC lifted its stake in Emerson Electric Co. (NYSE:EMR – Free Report) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,821 shares of the industrial products company’s stock after buying an additional 130 shares during the period. Clayton Financial Group LLC’s holdings in Emerson Electric were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. GDS Wealth Management lifted its stake in shares of Emerson Electric by 2.0% in the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock worth $491,000 after purchasing an additional 79 shares during the period. Berkshire Bank raised its position in Emerson Electric by 3.6% in the fourth quarter. Berkshire Bank now owns 2,588 shares of the industrial products company’s stock worth $321,000 after acquiring an additional 89 shares during the period. Grove Bank & Trust boosted its stake in shares of Emerson Electric by 5.4% during the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock worth $217,000 after acquiring an additional 90 shares during the last quarter. Silver Lake Advisory LLC grew its position in shares of Emerson Electric by 0.4% during the 4th quarter. Silver Lake Advisory LLC now owns 24,249 shares of the industrial products company’s stock valued at $3,005,000 after acquiring an additional 90 shares during the period. Finally, Sargent Investment Group LLC increased its stake in shares of Emerson Electric by 0.5% in the 4th quarter. Sargent Investment Group LLC now owns 16,986 shares of the industrial products company’s stock worth $2,012,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Stock Up 0.1 %
Shares of NYSE EMR opened at $127.92 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 12-month low of $92.16 and a 12-month high of $134.85. The firm’s 50-day moving average price is $126.93 and its 200-day moving average price is $116.61. The stock has a market capitalization of $72.85 billion, a price-to-earnings ratio of 37.40, a P/E/G ratio of 2.22 and a beta of 1.34.
Analyst Upgrades and Downgrades
Several research firms have issued reports on EMR. Barclays boosted their price target on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. BNP Paribas assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target for the company. Wells Fargo & Company decreased their price objective on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, KeyCorp increased their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $136.45.
Read Our Latest Analysis on EMR
Emerson Electric Company Profile
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.
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