Massachusetts Wealth Management Buys 475 Shares of Emerson Electric Co. (NYSE:EMR)

Massachusetts Wealth Management increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.6% during the 4th quarter, Holdings Channel reports. The fund owned 18,486 shares of the industrial products company’s stock after buying an additional 475 shares during the quarter. Emerson Electric accounts for about 1.4% of Massachusetts Wealth Management’s investment portfolio, making the stock its 25th biggest holding. Massachusetts Wealth Management’s holdings in Emerson Electric were worth $2,291,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. State Street Corp increased its position in shares of Emerson Electric by 6.2% in the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after buying an additional 1,507,980 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Emerson Electric by 4.2% during the third quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock worth $1,591,612,000 after purchasing an additional 581,102 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Emerson Electric by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after purchasing an additional 162,985 shares in the last quarter. Nordea Investment Management AB increased its stake in Emerson Electric by 5.7% during the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock worth $871,083,000 after purchasing an additional 375,470 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in Emerson Electric by 107.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after buying an additional 2,016,075 shares during the period. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on EMR shares. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Barclays boosted their price target on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Wells Fargo & Company cut their target price on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Robert W. Baird lifted their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $136.45.

Emerson Electric Stock Up 0.1 %

EMR opened at $127.92 on Wednesday. The stock’s fifty day simple moving average is $126.93 and its 200 day simple moving average is $116.61. 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 PE ratio of 37.40, 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.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) 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, research analysts expect that Emerson Electric Co. will post 5.91 earnings per share for the current year.

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.