Trust Point Inc. Boosts Position in Emerson Electric Co. (NYSE:EMR)

Trust Point Inc. raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 27.5% during the fourth quarter, HoldingsChannel reports. The firm owned 16,407 shares of the industrial products company’s stock after purchasing an additional 3,542 shares during the period. Trust Point Inc.’s holdings in Emerson Electric were worth $2,033,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Pathway Financial Advisers LLC lifted its stake in Emerson Electric by 10,993.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock valued at $226,443,000 after acquiring an additional 2,051,764 shares during the period. Van ECK Associates Corp increased its holdings in Emerson Electric by 107.2% in 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 acquiring an additional 2,016,075 shares in the last quarter. State Street Corp grew its holdings in shares of Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after buying an additional 1,507,980 shares in the last quarter. Swedbank AB grew its holdings in shares of Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after buying an additional 1,424,800 shares in the last quarter. Finally, Perpetual Ltd grew its holdings in shares of Emerson Electric by 57,336.1% during the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock worth $131,918,000 after buying an additional 1,204,058 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling

In other news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Loop Capital boosted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Robert W. Baird upped their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. Wells Fargo & Company decreased their target price on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada decreased their target price on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock 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 assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.45.

Emerson Electric Stock Performance

Shares of EMR opened at $127.94 on Tuesday. 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 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 company’s 50 day simple moving average is $127.13 and its 200-day simple moving average is $116.44. Emerson Electric Co. has a 12-month low of $92.16 and a 12-month high of $134.85.

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.