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

Optas LLC raised its position in Emerson Electric Co. (NYSE:EMR) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,268 shares of the industrial products company’s stock after purchasing an additional 305 shares during the period. Optas LLC’s holdings in Emerson Electric were worth $281,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in Emerson Electric during the third quarter worth about $25,000. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric during the 4th quarter valued at about $27,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric in the 3rd quarter valued at approximately $29,000. Morton Brown Family Wealth LLC acquired a new stake in Emerson Electric during the 3rd quarter worth approximately $33,000. Finally, Frazier Financial Advisors LLC bought a new position in Emerson Electric in the third quarter valued at approximately $33,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EMR has been the topic of several research reports. UBS Group began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective on the stock. Wells Fargo & Company cut their price target on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Jefferies Financial Group assumed coverage on Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price on the stock. BNP Paribas assumed coverage on Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target for the company. Finally, Loop Capital lifted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $136.45.

Emerson Electric Stock Performance

NYSE:EMR opened at $127.92 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The stock has a 50 day simple moving average of $127.04 and a 200 day simple moving average of $116.52. Emerson Electric Co. has a 1-year low of $92.16 and a 1-year high of $134.85. The stock has a market cap of $72.85 billion, a P/E ratio of 37.40, a PEG ratio of 2.22 and a beta of 1.34.

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.