Calamos Advisors LLC Sells 131,904 Shares of Emerson Electric Co. (NYSE:EMR)

Calamos Advisors LLC trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 22.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 463,486 shares of the industrial products company’s stock after selling 131,904 shares during the period. Calamos Advisors LLC owned 0.08% of Emerson Electric worth $57,440,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Columbus Macro LLC bought a new position in Emerson Electric in the 4th quarter worth about $304,000. Trust Point Inc. increased its holdings in shares of Emerson Electric by 27.5% in the 4th quarter. Trust Point Inc. now owns 16,407 shares of the industrial products company’s stock worth $2,033,000 after purchasing an additional 3,542 shares in the last quarter. Optas LLC lifted its holdings in shares of Emerson Electric by 15.5% during the fourth quarter. Optas LLC now owns 2,268 shares of the industrial products company’s stock valued at $281,000 after purchasing an additional 305 shares in the last quarter. GDS Wealth Management raised its position in 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 buying an additional 79 shares during the last quarter. Finally, One Wealth Advisors LLC purchased a new stake in shares of Emerson Electric during the 4th quarter valued at about $217,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the transaction, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by company insiders.

Emerson Electric Price Performance

EMR stock opened at $127.94 on Tuesday. The company’s 50-day moving average price is $127.13 and its two-hundred day moving average price is $116.44. Emerson Electric Co. has a 12 month low of $92.16 and a 12 month high of $134.85. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The firm 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.

Wall Street Analyst Weigh In

A number of analysts have commented on EMR shares. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. JPMorgan Chase & Co. decreased their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Jefferies Financial Group started coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective on the stock. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Finally, UBS Group initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $136.45.

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.