Virginia Wealth Management Group Inc. Decreases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Virginia Wealth Management Group Inc. cut its stake in Emerson Electric Co. (NYSE:EMR) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,027 shares of the industrial products company’s stock after selling 255 shares during the quarter. Emerson Electric accounts for about 2.4% of Virginia Wealth Management Group Inc.’s investment portfolio, 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 filing with the Securities & Exchange Commission.

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

Emerson Electric Trading Up 0.1 %

Shares of EMR opened at $127.92 on Wednesday. Emerson Electric Co. has a fifty-two week low of $92.16 and a fifty-two week high of $134.85. 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’s fifty day moving average is $127.04 and its 200 day moving average is $116.52. The stock has a market capitalization of $72.85 billion, a PE ratio of 37.40, a P/E/G ratio of 2.22 and a beta of 1.34.

Analyst Ratings Changes

A number of equities analysts recently issued reports on EMR shares. Barclays raised their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. 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. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company cut 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. 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.45.

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.