Emerson Electric Co. (NYSE:EMR) Shares Sold by Welch Group LLC

Welch Group LLC decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 0.7% during the 4th quarter, HoldingsChannel reports. The fund owned 480,432 shares of the industrial products company’s stock after selling 3,509 shares during the quarter. Emerson Electric comprises approximately 2.7% of Welch Group LLC’s investment portfolio, making the stock its 11th largest holding. Welch Group LLC’s holdings in Emerson Electric were worth $59,698,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Emerson Electric in the 2nd quarter worth approximately $2,875,000. Czech National Bank boosted its holdings in shares of Emerson Electric by 7.0% during the third quarter. Czech National Bank now owns 116,665 shares of the industrial products company’s stock valued at $12,760,000 after acquiring an additional 7,646 shares during the period. GAMMA Investing LLC increased its holdings in shares of Emerson Electric by 35.0% in the 3rd quarter. GAMMA Investing LLC now owns 7,705 shares of the industrial products company’s stock worth $843,000 after acquiring an additional 1,997 shares during the period. Diversified Trust Co lifted its position in Emerson Electric by 11.1% in the 3rd quarter. Diversified Trust Co now owns 25,212 shares of the industrial products company’s stock valued at $2,757,000 after purchasing an additional 2,518 shares during the last quarter. Finally, Founders Capital Management boosted its stake in Emerson Electric by 1.9% during the 3rd quarter. Founders Capital Management now owns 45,777 shares of the industrial products company’s stock valued at $5,007,000 after purchasing an additional 865 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on EMR shares. Wells Fargo & Company decreased their price objective on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Loop Capital lifted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. UBS Group began coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective on the stock. JPMorgan Chase & Co. reduced their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Finally, Robert W. Baird raised their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. One investment 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 stock. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $136.45.

Insider Activity at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the sale, the senior vice president now directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Emerson Electric Stock Down 1.5 %

Shares of 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 firm has a market cap of $72.87 billion, a P/E ratio of 37.41, a P/E/G ratio of 2.22 and a beta of 1.34. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $127.13 and its two-hundred day moving average price is $116.44.

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.