Sargent Investment Group LLC Has $2.01 Million Position in Emerson Electric Co. (NYSE:EMR)

Sargent Investment Group LLC lifted its position in Emerson Electric Co. (NYSE:EMR) by 0.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 16,986 shares of the industrial products company’s stock after purchasing an additional 90 shares during the period. Sargent Investment Group LLC’s holdings in Emerson Electric were worth $2,012,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Stephens Consulting LLC bought a new stake in Emerson Electric during the 4th quarter valued at approximately $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric in the third quarter worth $25,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric during the 3rd quarter valued at $29,000. Finally, Fiduciary Advisors Inc. bought a new stake in Emerson Electric in the 4th quarter valued at $35,000. 74.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EMR shares. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Wells Fargo & Company decreased their price objective on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Loop Capital increased their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. UBS Group assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective on the stock. Finally, StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. One equities 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 issued a strong buy rating to the stock. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $136.45.

Emerson Electric Price Performance

Shares of EMR opened at $127.92 on Wednesday. The firm has a market cap of $72.85 billion, a PE ratio of 37.40, a price-to-earnings-growth ratio of 2.22 and a beta of 1.34. Emerson Electric Co. has a 52-week low of $92.16 and a 52-week high of $134.85. The business’s 50 day moving average price is $127.04 and its two-hundred day moving average price is $116.52. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77.

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.