Choreo LLC Boosts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Choreo LLC increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 43.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 41,744 shares of the industrial products company’s stock after purchasing an additional 12,581 shares during the period. Choreo LLC’s holdings in Emerson Electric were worth $5,181,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric in the 3rd quarter worth $25,000. Stephens Consulting LLC purchased a new position in Emerson Electric in the fourth quarter valued at about $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric in the fourth quarter worth about $27,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric in the 3rd quarter valued at about $29,000. Finally, Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric in the 3rd quarter worth approximately $33,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 2.3 %

Shares of EMR stock opened at $124.81 on Thursday. Emerson Electric Co. has a twelve month low of $93.03 and a twelve month high of $134.85. The stock has a market cap of $71.08 billion, a P/E ratio of 36.50, a P/E/G ratio of 2.22 and a beta of 1.34. The stock has a 50 day moving average of $126.93 and a 200 day moving average of $116.61. 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 (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 11.25% and a return on equity of 11.73%. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.91 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EMR shares. Robert W. Baird raised their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Daiwa Capital Markets initiated coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target for the company. Loop Capital boosted their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Finally, 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 report on Thursday, December 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.