Greenwood Capital Associates LLC Trims Position in Emerson Electric Co. (NYSE:EMR)

Greenwood Capital Associates LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 32.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,416 shares of the industrial products company’s stock after selling 27,061 shares during the period. Greenwood Capital Associates LLC’s holdings in Emerson Electric were worth $6,868,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital Performance Advisors LLP purchased a new position in Emerson Electric during the third quarter worth about $25,000. Stephens Consulting LLC purchased a new position in shares of Emerson Electric during the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $27,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric during the third quarter worth $29,000. Finally, Morton Brown Family Wealth LLC purchased a new position in Emerson Electric in the third quarter worth $33,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.50% of the stock is owned by insiders.

Emerson Electric Price Performance

Emerson Electric stock opened at $128.49 on Tuesday. 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 cap of $73.18 billion, a price-to-earnings ratio of 37.49, a PEG ratio of 2.22 and a beta of 1.34. Emerson Electric Co. has a 1 year low of $92.16 and a 1 year high of $134.85. The firm has a 50 day moving average price of $127.13 and a 200 day moving average price of $116.44.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on EMR shares. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price target on the stock. JPMorgan Chase & Co. dropped their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. 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 note on Thursday, December 5th. Wells Fargo & Company dropped their price objective on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Finally, BNP Paribas began coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus 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.