abrdn plc Decreases Holdings in Emerson Electric Co. (NYSE:EMR)

abrdn plc reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 24.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 514,629 shares of the industrial products company’s stock after selling 165,794 shares during the period. abrdn plc owned about 0.09% of Emerson Electric worth $63,775,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in EMR. Sugar Maple Asset Management LLC purchased a new position in Emerson Electric in the 4th quarter worth $27,000. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric in the third quarter worth about $25,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric in the 3rd quarter valued at about $29,000. Fiduciary Advisors Inc. bought a new position in Emerson Electric during the 4th quarter worth approximately $35,000. Finally, Frazier Financial Advisors LLC purchased a new position in Emerson Electric in the 3rd quarter worth approximately $33,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EMR has been the topic of several analyst reports. KeyCorp lifted their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. reduced their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $136.45.

Emerson Electric Stock Performance

Shares of EMR stock opened at $127.92 on Wednesday. Emerson Electric Co. has a 52 week low of $92.16 and a 52 week high of $134.85. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average price of $127.04 and a 200-day moving average price of $116.52. The firm has a market capitalization of $72.85 billion, a PE ratio of 37.40, a P/E/G ratio of 2.22 and a beta of 1.34.

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.