Massachusetts Wealth Management Purchases 475 Shares of Emerson Electric Co. (NYSE:EMR)

Massachusetts Wealth Management increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 18,486 shares of the industrial products company’s stock after purchasing an additional 475 shares during the period. Emerson Electric makes up approximately 1.4% of Massachusetts Wealth Management’s holdings, making the stock its 25th largest position. Massachusetts Wealth Management’s holdings in Emerson Electric were worth $2,291,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in EMR. Czech National Bank increased its position in Emerson Electric by 7.0% during the third quarter. Czech National Bank now owns 116,665 shares of the industrial products company’s stock worth $12,760,000 after acquiring an additional 7,646 shares during the period. GAMMA Investing LLC raised its position in shares of Emerson Electric by 35.0% during the third quarter. GAMMA Investing LLC now owns 7,705 shares of the industrial products company’s stock valued at $843,000 after buying an additional 1,997 shares during the last quarter. Diversified Trust Co lifted its stake in shares of Emerson Electric by 11.1% in the third quarter. Diversified Trust Co now owns 25,212 shares of the industrial products company’s stock valued at $2,757,000 after buying an additional 2,518 shares during the period. Fulton Bank N.A. increased its stake in Emerson Electric by 16.0% during the third quarter. Fulton Bank N.A. now owns 6,797 shares of the industrial products company’s stock valued at $743,000 after acquiring an additional 935 shares during the period. Finally, Versant Capital Management Inc raised its holdings in Emerson Electric by 581.3% in the 3rd quarter. Versant Capital Management Inc now owns 2,221 shares of the industrial products company’s stock valued at $243,000 after acquiring an additional 1,895 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EMR shares. Royal Bank of Canada lowered their price objective 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. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Loop Capital lifted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. UBS Group started 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, Wells Fargo & Company decreased their price target on 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 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $136.45.

Emerson Electric Stock Up 0.1 %

NYSE:EMR opened at $127.92 on Wednesday. The stock’s fifty day moving average price is $126.93 and its two-hundred day moving average price is $116.61. The company has a market cap of $72.85 billion, a price-to-earnings ratio of 37.40, a P/E/G 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 company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates 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, analysts anticipate that Emerson Electric Co. will post 5.91 EPS for the current year.

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.