Brown Lisle Cummings Inc. Has $646,000 Stock Position in Emerson Electric Co. (NYSE:EMR)

Brown Lisle Cummings Inc. lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,209 shares of the industrial products company’s stock after selling 261 shares during the period. Brown Lisle Cummings Inc.’s holdings in Emerson Electric were worth $646,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric in the third quarter worth approximately $25,000. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric in the 4th quarter valued at approximately $27,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric in the 3rd quarter worth approximately $29,000. Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric during the 3rd quarter valued at $33,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Emerson Electric in the third quarter worth $33,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction dated 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 $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company cut their price target on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Jefferies Financial Group started coverage on Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target on the stock. Royal Bank of Canada lowered their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Loop Capital increased their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, Robert W. Baird lifted their price target on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. One investment 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $136.45.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $127.94 on Tuesday. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $72.87 billion, a PE ratio of 37.41, a P/E/G ratio of 2.22 and a beta of 1.34. The firm has a fifty day simple moving average of $127.13 and a 200 day simple moving average of $116.44. Emerson Electric Co. has a twelve month low of $92.16 and a twelve month high of $134.85.

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.