Longboard Asset Management LP Invests $233,000 in Emerson Electric Co. (NYSE:EMR)

Longboard Asset Management LP bought a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 1,880 shares of the industrial products company’s stock, valued at approximately $233,000.

A number of other large investors have also bought and sold shares of EMR. Wilmington Savings Fund Society FSB grew its stake in shares of Emerson Electric by 120.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock valued at $6,162,000 after buying an additional 30,741 shares during the period. Geode Capital Management LLC grew its stake in Emerson Electric by 1.4% in the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after acquiring an additional 162,985 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in shares of Emerson Electric by 8.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock valued at $7,578,000 after acquiring an additional 5,416 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Emerson Electric by 130.0% during the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock worth $1,044,000 after purchasing an additional 5,393 shares during the period. Finally, V Square Quantitative Management LLC grew its position in Emerson Electric by 82.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company’s stock valued at $435,000 after purchasing an additional 1,792 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the transaction, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. The trade was 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 link. Company insiders own 0.50% of the company’s stock.

Emerson Electric Stock Down 1.5 %

EMR opened at $127.94 on Tuesday. Emerson Electric Co. has a 12 month low of $92.16 and a 12 month high of $134.85. The company has a market cap of $72.87 billion, a PE ratio of 37.41, a price-to-earnings-growth ratio of 2.22 and a beta of 1.34. 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 company has a 50 day moving average of $127.13 and a 200 day moving average of $116.44.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EMR. Robert W. Baird upped their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Loop Capital lifted their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Barclays raised their price objective on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Wells Fargo & Company reduced their target price on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Finally, BNP Paribas assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s 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 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.