Optas LLC Buys 305 Shares of Emerson Electric Co. (NYSE:EMR)

Optas LLC boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 15.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,268 shares of the industrial products company’s stock after acquiring an additional 305 shares during the period. Optas LLC’s holdings in Emerson Electric were worth $281,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GDS Wealth Management increased its position in shares of Emerson Electric by 2.0% in the fourth 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. One Wealth Advisors LLC bought a new position in Emerson Electric in the 4th quarter valued at about $217,000. Catalina Capital Group LLC lifted its holdings in shares of Emerson Electric by 2.8% during the 4th quarter. Catalina Capital Group LLC now owns 3,832 shares of the industrial products company’s stock worth $475,000 after acquiring an additional 105 shares during the period. S.A. Mason LLC boosted its position in shares of Emerson Electric by 2.5% during the 4th quarter. S.A. Mason LLC now owns 5,814 shares of the industrial products company’s stock worth $721,000 after acquiring an additional 140 shares in the last quarter. Finally, JB Capital LLC raised its position in Emerson Electric by 4.7% during the fourth quarter. JB Capital LLC now owns 92,765 shares of the industrial products company’s stock valued at $11,497,000 after purchasing an additional 4,130 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EMR shares. UBS Group initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Daiwa Capital Markets began coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target on the stock. Finally, Loop Capital increased their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.45.

Emerson Electric Stock Up 0.1 %

Emerson Electric stock opened at $127.92 on Wednesday. The firm has a market cap of $72.85 billion, a price-to-earnings ratio of 37.40, a PEG ratio of 2.22 and a beta of 1.34. 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 firm has a 50 day moving average price of $127.04 and a two-hundred day moving average price of $116.52.

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.