Welch Group LLC Cuts Stake in Emerson Electric Co. (NYSE:EMR)

Welch Group LLC trimmed its position in shares of Emerson Electric Co. (NYSE:EMRFree Report) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 480,432 shares of the industrial products company’s stock after selling 3,509 shares during the quarter. Emerson Electric accounts for approximately 2.7% of Welch Group LLC’s portfolio, making the stock its 11th largest holding. Welch Group LLC owned about 0.08% of Emerson Electric worth $59,698,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Emerson Electric in the 2nd quarter valued at approximately $2,875,000. Czech National Bank lifted its holdings in Emerson Electric by 7.0% in the third quarter. Czech National Bank now owns 116,665 shares of the industrial products company’s stock valued at $12,760,000 after acquiring an additional 7,646 shares during the period. GAMMA Investing LLC boosted its position in shares of Emerson Electric by 35.0% during the 3rd quarter. GAMMA Investing LLC now owns 7,705 shares of the industrial products company’s stock worth $843,000 after purchasing an additional 1,997 shares in the last quarter. Diversified Trust Co increased its holdings in shares of Emerson Electric by 11.1% in the 3rd quarter. Diversified Trust Co now owns 25,212 shares of the industrial products company’s stock valued at $2,757,000 after purchasing an additional 2,518 shares in the last quarter. Finally, Founders Capital Management lifted its stake in shares of Emerson Electric by 1.9% in the third quarter. Founders Capital Management now owns 45,777 shares of the industrial products company’s stock valued at $5,007,000 after purchasing an additional 865 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 1.5 %

NYSE EMR opened at $127.94 on Tuesday. The company has a 50-day moving average of $127.13 and a 200-day moving average of $116.44. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. Emerson Electric Co. has a 12 month low of $92.16 and a 12 month high of $134.85. The company has a market cap of $72.87 billion, a P/E ratio of 37.41, a P/E/G ratio of 2.22 and a beta of 1.34.

Insider Buying and Selling

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on EMR. UBS Group assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target on the stock. Deutsche Bank Aktiengesellschaft upped their target price on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. BNP Paribas began coverage on Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target for the company. Jefferies Financial Group began coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. Finally, JPMorgan Chase & Co. cut their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. One research 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $136.45.

Get Our Latest Report on EMR

Emerson Electric Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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