Alexander Labrunerie & CO. Inc. Takes $223,000 Position in Emerson Electric Co. (NYSE:EMR)

Alexander Labrunerie & CO. Inc. purchased a new stake in Emerson Electric Co. (NYSE:EMR) during the fourth quarter, Holdings Channel reports. The firm purchased 1,798 shares of the industrial products company’s stock, valued at approximately $223,000.

Several other large investors have also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in Emerson Electric during the 3rd quarter worth $25,000. Stephens Consulting LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $27,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric during the third quarter worth about $29,000. Finally, Morton Brown Family Wealth LLC purchased a new stake in shares of Emerson Electric during the third quarter worth about $33,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE EMR opened at $127.92 on Wednesday. The stock has a market cap of $72.85 billion, a PE ratio of 37.40, a P/E/G 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 Co. has a twelve month low of $92.16 and a twelve month high of $134.85. The stock has a fifty day simple moving average of $127.04 and a 200-day simple moving average of $116.52.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EMR. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Daiwa Capital Markets initiated coverage on Emerson Electric in a report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price for the company. Royal Bank of Canada decreased their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Robert W. Baird lifted their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. decreased their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $136.45.

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.