Verity Asset Management Inc. Sells 6,040 Shares of Emerson Electric Co. (NYSE:EMR)

Verity Asset Management Inc. decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 53.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,354 shares of the industrial products company’s stock after selling 6,040 shares during the quarter. Verity Asset Management Inc.’s holdings in Emerson Electric were worth $623,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Compass Capital Management Inc. purchased a new position in Emerson Electric in the 4th quarter valued at approximately $223,000. Calamos Wealth Management LLC boosted its holdings in shares of Emerson Electric by 20.5% in the fourth quarter. Calamos Wealth Management LLC now owns 107,333 shares of the industrial products company’s stock worth $13,302,000 after acquiring an additional 18,281 shares during the period. Columbus Macro LLC purchased a new position in shares of Emerson Electric in the fourth quarter valued at $304,000. Trust Point Inc. lifted its holdings in Emerson Electric by 27.5% during 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. Finally, Optas LLC boosted its stake in Emerson Electric by 15.5% in the 4th quarter. Optas LLC now owns 2,268 shares of the industrial products company’s stock worth $281,000 after purchasing an additional 305 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

EMR has been the topic of a number of recent analyst reports. UBS Group assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target on the stock. Royal Bank of Canada cut their price target on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company dropped their price target on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $136.45.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.50% of the stock is currently owned by company insiders.

Emerson Electric Trading Down 1.5 %

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

Emerson Electric 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.