Emerson Electric Co. (NYSE:EMR) Shares Acquired by Trust Point Inc.

Trust Point Inc. lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 27.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,407 shares of the industrial products company’s stock after buying an additional 3,542 shares during the quarter. Trust Point Inc.’s holdings in Emerson Electric were worth $2,033,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric in the 3rd quarter worth approximately $25,000. Sugar Maple Asset Management LLC bought a new stake in Emerson Electric during the 4th quarter valued at $27,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric in the 3rd quarter worth $29,000. Morton Brown Family Wealth LLC bought a new stake in shares of Emerson Electric in the 3rd quarter worth $33,000. Finally, Frazier Financial Advisors LLC bought a new stake in shares of Emerson Electric in the 3rd quarter worth $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the topic of a number of recent research reports. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Barclays boosted their price target on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. KeyCorp boosted their price objective on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Finally, Royal Bank of Canada lowered their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. One 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $136.45.

Insiders Place Their Bets

In related news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at $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 SEC, which is available at this link. 0.50% of the stock is currently owned by insiders.

Emerson Electric Stock Performance

NYSE EMR opened at $127.94 on Tuesday. Emerson Electric Co. has a 52-week low of $92.16 and a 52-week 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. The company has a market capitalization 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. The company has a fifty day moving average of $127.13 and a 200-day moving average of $116.44.

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.