Verity Asset Management Inc. Sells 6,040 Shares of Emerson Electric Co. (NYSE:EMR)

Verity Asset Management Inc. trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 53.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,354 shares of the industrial products company’s stock after selling 6,040 shares during the period. Verity Asset Management Inc.’s holdings in Emerson Electric were worth $623,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Sugar Maple Asset Management LLC bought a new position in Emerson Electric during the 4th quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric during the third quarter valued at approximately $25,000. Darwin Wealth Management LLC bought a new position in Emerson Electric during the third quarter valued at approximately $29,000. Fiduciary Advisors Inc. bought a new stake in Emerson Electric in the 4th quarter worth approximately $35,000. Finally, Frazier Financial Advisors LLC purchased a new stake in Emerson Electric during the 3rd quarter valued at $33,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 1.5 %

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

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the business’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 sale, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EMR shares. Royal Bank of Canada cut their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. BNP Paribas initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price for the company. Finally, Wells Fargo & Company dropped their price target on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. One 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.45.

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.