Calamos Wealth Management LLC Boosts Stake in Emerson Electric Co. (NYSE:EMR)

Calamos Wealth Management LLC boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 20.5% in the fourth quarter, HoldingsChannel reports. The firm owned 107,333 shares of the industrial products company’s stock after purchasing an additional 18,281 shares during the period. Calamos Wealth Management LLC’s holdings in Emerson Electric were worth $13,302,000 as of its most recent SEC filing.

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

Emerson Electric Stock Performance

Shares of EMR opened at $127.94 on Tuesday. The stock has a market capitalization of $72.87 billion, a P/E ratio of 37.41, a P/E/G ratio of 2.22 and a beta of 1.34. 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 Co. has a 1 year low of $92.16 and a 1 year high of $134.85. The company’s fifty day moving average is $127.13 and its two-hundred day moving average is $116.44.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. BNP Paribas assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective for the company. Robert W. Baird raised their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. Wells Fargo & Company reduced their price objective on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. One equities research 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $136.45.

Insider Buying and Selling

In other news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was 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. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

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.