Virginia Wealth Management Group Inc. Sells 255 Shares of Emerson Electric Co. (NYSE:EMR)

Virginia Wealth Management Group Inc. lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 0.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,027 shares of the industrial products company’s stock after selling 255 shares during the quarter. Emerson Electric makes up 2.4% of Virginia Wealth Management Group Inc.’s holdings, making the stock its 21st largest holding. Virginia Wealth Management Group Inc.’s holdings in Emerson Electric were worth $3,845,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stephens Consulting LLC purchased a new position in Emerson Electric in the 4th quarter worth about $25,000. Sugar Maple Asset Management LLC purchased a new position in shares of Emerson Electric during the fourth quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric in the third quarter valued at approximately $25,000. Darwin Wealth Management LLC bought a new position in Emerson Electric in the third quarter worth approximately $29,000. Finally, Fiduciary Advisors Inc. purchased a new position in Emerson Electric during the 4th quarter worth $35,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Up 0.1 %

NYSE:EMR opened at $127.92 on Wednesday. The company has a market capitalization of $72.85 billion, a P/E ratio of 37.40, a PEG ratio of 2.22 and a beta of 1.34. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 12 month low of $92.16 and a 12 month high of $134.85. The firm has a fifty day simple moving average of $127.04 and a 200-day simple moving average of $116.52.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EMR shares. JPMorgan Chase & Co. cut their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. Barclays increased their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Finally, Loop Capital lifted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $136.45.

Emerson Electric Company 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.