Cullinan Associates Inc. Has $9.89 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Cullinan Associates Inc. lowered its stake in Emerson Electric Co. (NYSE:EMR) by 14.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,813 shares of the industrial products company’s stock after selling 13,700 shares during the period. Cullinan Associates Inc.’s holdings in Emerson Electric were worth $9,891,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Compass Capital Management Inc. bought a new position in shares of Emerson Electric in the fourth quarter worth about $223,000. Calamos Wealth Management LLC lifted its holdings in shares of Emerson Electric by 20.5% during the 4th quarter. Calamos Wealth Management LLC now owns 107,333 shares of the industrial products company’s stock worth $13,302,000 after acquiring an additional 18,281 shares during the period. Columbus Macro LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $304,000. Trust Point Inc. boosted its stake in shares of Emerson Electric by 27.5% in the 4th quarter. Trust Point Inc. now owns 16,407 shares of the industrial products company’s stock valued at $2,033,000 after purchasing an additional 3,542 shares in the last quarter. Finally, Optas LLC boosted its position in Emerson Electric by 15.5% in the fourth quarter. Optas LLC now owns 2,268 shares of the industrial products company’s stock valued at $281,000 after buying an additional 305 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EMR shares. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. KeyCorp increased their price target on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. cut their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada lowered their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $136.45.

Emerson Electric Stock Down 1.5 %

Shares of EMR opened at $127.94 on Tuesday. Emerson Electric Co. has a 52 week low of $92.16 and a 52 week high of $134.85. The firm’s 50-day simple moving average is $127.13 and its 200 day simple moving average is $116.44. 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 firm has a market cap of $72.87 billion, a P/E ratio of 37.41, a price-to-earnings-growth ratio of 2.22 and a beta of 1.34.

Insider Activity at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the transaction, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

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.