Emerson Electric Co. (NYSE:EMR) Shares Acquired by Calamos Wealth Management LLC

Calamos Wealth Management LLC raised its position in Emerson Electric Co. (NYSE:EMR) by 20.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor 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 filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in EMR. Capital Performance Advisors LLP purchased a new position in Emerson Electric in the 3rd quarter valued at $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric in the fourth quarter valued at about $27,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric during the 3rd quarter worth approximately $29,000. Morton Brown Family Wealth LLC purchased a new stake in shares of Emerson Electric in the third quarter valued at approximately $33,000. Finally, Frazier Financial Advisors LLC purchased a new position in Emerson Electric in the third quarter worth $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

EMR has been the topic of a number of research analyst reports. Barclays boosted their target price on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price for the company. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. lowered their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Finally, StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus price target of $136.45.

Insiders Place Their Bets

In related news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. The trade was a 7.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.50% of the company’s stock.

Emerson Electric Stock Down 1.5 %

NYSE:EMR opened at $127.94 on Tuesday. The business’s fifty day moving average price is $127.13 and its 200 day moving average price is $116.44. 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 market capitalization of $72.87 billion, a price-to-earnings ratio of 37.41, a PEG ratio of 2.22 and a beta of 1.34. Emerson Electric Co. has a 1-year low of $92.16 and a 1-year high of $134.85.

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.