Emerson Electric Co. (NYSE:EMR) Shares Sold by Beach Investment Counsel Inc. PA

Beach Investment Counsel Inc. PA reduced its position in Emerson Electric Co. (NYSE:EMR) by 25.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,150 shares of the industrial products company’s stock after selling 1,800 shares during the quarter. Beach Investment Counsel Inc. PA’s holdings in Emerson Electric were worth $638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Emerson Electric in the second quarter valued at about $2,875,000. Czech National Bank boosted its holdings in Emerson Electric by 7.0% in the 3rd quarter. Czech National Bank now owns 116,665 shares of the industrial products company’s stock worth $12,760,000 after buying an additional 7,646 shares during the last quarter. GAMMA Investing LLC increased its stake in Emerson Electric by 35.0% during the 3rd quarter. GAMMA Investing LLC now owns 7,705 shares of the industrial products company’s stock worth $843,000 after buying an additional 1,997 shares in the last quarter. Diversified Trust Co raised its holdings in shares of Emerson Electric by 11.1% during the third quarter. Diversified Trust Co now owns 25,212 shares of the industrial products company’s stock valued at $2,757,000 after acquiring an additional 2,518 shares during the last quarter. Finally, Founders Capital Management lifted its holdings in Emerson Electric by 1.9% in 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 in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on EMR shares. BNP Paribas started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price for the company. KeyCorp raised their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. UBS Group initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective on the stock. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Finally, Barclays increased their target price 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $136.45.

Emerson Electric Stock Down 0.0 %

EMR opened at $127.83 on Tuesday. The business’s 50-day simple moving average is $127.13 and its 200-day simple moving average is $116.44. The stock has a market capitalization of $72.80 billion, a P/E ratio of 37.44, a price-to-earnings-growth ratio of 2.22 and a beta of 1.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. Emerson Electric Co. has a one year low of $92.16 and a one year high of $134.85.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.50% of the company’s stock.

Emerson Electric Company 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.