Confluence Wealth Services Inc. Has $976,000 Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Confluence Wealth Services Inc. lowered its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 7,439 shares of the industrial products company’s stock after selling 318 shares during the period. Confluence Wealth Services Inc.’s holdings in Emerson Electric were worth $976,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Massachusetts Wealth Management raised its stake in Emerson Electric by 2.6% in the 4th quarter. Massachusetts Wealth Management now owns 18,486 shares of the industrial products company’s stock valued at $2,291,000 after acquiring an additional 475 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Emerson Electric by 36.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,284 shares of the industrial products company’s stock valued at $6,946,000 after purchasing an additional 14,641 shares during the last quarter. Berkshire Money Management Inc. acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $583,000. Alexander Labrunerie & CO. Inc. bought a new stake in shares of Emerson Electric during the 4th quarter worth about $223,000. Finally, Stratos Investment Management LLC raised its holdings in Emerson Electric by 6.7% in the 4th quarter. Stratos Investment Management LLC now owns 2,015 shares of the industrial products company’s stock valued at $250,000 after acquiring an additional 127 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada decreased their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Barclays boosted their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target on the stock. Finally, Jefferies Financial Group initiated coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.45.

Emerson Electric Stock Down 2.3 %

EMR stock opened at $124.81 on Thursday. The stock has a market capitalization of $71.08 billion, a P/E ratio of 36.50, a price-to-earnings-growth ratio of 2.22 and a beta of 1.34. 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 firm has a 50-day moving average price of $126.93 and a 200-day moving average price of $116.61. Emerson Electric Co. has a 12 month low of $93.03 and a 12 month high of $134.85.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 11.25% and a return on equity of 11.73%. As a group, equities research analysts anticipate that Emerson Electric Co. will post 5.91 EPS for the current fiscal year.

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.