Clayton Financial Group LLC Raises Stake in Emerson Electric Co. (NYSE:EMR)

Clayton Financial Group LLC increased its stake in Emerson Electric Co. (NYSE:EMR) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,821 shares of the industrial products company’s stock after buying an additional 130 shares during the period. Clayton Financial Group LLC’s holdings in Emerson Electric were worth $350,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Meritage Portfolio Management purchased a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $200,000. Choreo LLC lifted its holdings in shares of Emerson Electric by 43.1% in the 4th quarter. Choreo LLC now owns 41,744 shares of the industrial products company’s stock worth $5,181,000 after buying an additional 12,581 shares during the period. Massachusetts Wealth Management grew its position in shares of Emerson Electric by 2.6% during the 4th quarter. Massachusetts Wealth Management now owns 18,486 shares of the industrial products company’s stock worth $2,291,000 after buying an additional 475 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Emerson Electric by 36.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,284 shares of the industrial products company’s stock valued at $6,946,000 after buying an additional 14,641 shares during the period. Finally, Berkshire Money Management Inc. bought a new stake in shares of Emerson Electric in the fourth quarter valued at about $583,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 0.1 %

NYSE:EMR opened at $127.92 on Wednesday. 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 fifty day simple moving average of $126.93 and a 200-day simple moving average of $116.61. Emerson Electric Co. has a 12 month low of $92.16 and a 12 month high of $134.85. The company has a market capitalization of $72.85 billion, a P/E ratio of 37.40, a PEG ratio of 2.22 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 11.73% and a net margin of 11.25%. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.91 earnings per share for the current year.

Wall Street Analyst Weigh In

EMR has been the topic of a number of research reports. BNP Paribas started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price on the stock. Barclays lifted their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. KeyCorp upped their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Finally, UBS Group assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently 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.