Journey Strategic Wealth LLC Trims Stock Position in Emerson Electric Co. (NYSE:EMR)

Journey Strategic Wealth LLC cut its position in shares of Emerson Electric Co. (NYSE:EMR) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,556 shares of the industrial products company’s stock after selling 114 shares during the period. Journey Strategic Wealth LLC’s holdings in Emerson Electric were worth $317,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Tritonpoint Wealth LLC raised its stake in shares of Emerson Electric by 3.5% in the 4th quarter. Tritonpoint Wealth LLC now owns 9,365 shares of the industrial products company’s stock valued at $1,161,000 after acquiring an additional 320 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $1,439,000. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Emerson Electric by 2.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,113 shares of the industrial products company’s stock valued at $1,997,000 after acquiring an additional 446 shares during the period. Independence Bank of Kentucky raised its stake in shares of Emerson Electric by 208.1% in the 4th quarter. Independence Bank of Kentucky now owns 4,344 shares of the industrial products company’s stock valued at $538,000 after acquiring an additional 2,934 shares during the period. Finally, Chicago Partners Investment Group LLC grew its holdings in shares of Emerson Electric by 12.5% in the fourth quarter. Chicago Partners Investment Group LLC now owns 9,501 shares of the industrial products company’s stock valued at $1,143,000 after purchasing an additional 1,055 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of research reports. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. dropped their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Wells Fargo & Company dropped 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. Daiwa Capital Markets started coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $136.45.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following 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 represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Emerson Electric Stock Performance

NYSE:EMR opened at $127.94 on Tuesday. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a fifty-two week low of $92.16 and a fifty-two week high of $134.85. The stock has a market cap of $72.87 billion, a PE ratio of 37.41, a price-to-earnings-growth ratio of 2.22 and a beta of 1.34. The firm’s fifty day simple moving average is $127.13 and its 200-day simple moving average is $116.44.

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.