E. Ohman J or Asset Management AB Takes $3.29 Million Position in Emerson Electric Co. (NYSE:EMR)

E. Ohman J or Asset Management AB acquired a new stake in Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 26,560 shares of the industrial products company’s stock, valued at approximately $3,292,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EMR. Capital Performance Advisors LLP acquired a new stake in Emerson Electric during the third quarter worth about $25,000. Stephens Consulting LLC bought a new stake in shares of Emerson Electric in the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric during the 4th quarter valued at approximately $27,000. Darwin Wealth Management LLC bought a new position in Emerson Electric during the 3rd quarter worth $29,000. Finally, Morton Brown Family Wealth LLC bought a new stake in Emerson Electric in the third quarter valued at $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on EMR. BNP Paribas began coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective on the stock. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. KeyCorp increased their price objective on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Barclays lifted their target price 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. Finally, UBS Group initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $136.45.

Emerson Electric Price Performance

NYSE EMR opened at $127.92 on Wednesday. The stock has a market capitalization of $72.85 billion, a P/E ratio of 37.40, 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. The business’s fifty day moving average is $127.04 and its two-hundred day moving average is $116.52. Emerson Electric Co. has a 1 year low of $92.16 and a 1 year high of $134.85.

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.