Rheos Capital Works Inc. Has $34.22 Million Position in Emerson Electric Co. (NYSE:EMR)

Rheos Capital Works Inc. lowered its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 18.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 276,100 shares of the industrial products company's stock after selling 61,000 shares during the period. Emerson Electric accounts for approximately 1.9% of Rheos Capital Works Inc.'s investment portfolio, making the stock its 10th biggest holding. Rheos Capital Works Inc.'s holdings in Emerson Electric were worth $34,217,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 262,408 shares of the company's stock, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.50% of the company's stock.

Emerson Electric Trading Up 0.1 %

EMR traded up $0.07 during midday trading on Tuesday, hitting $127.92. 3,209,591 shares of the company were exchanged, compared to its average volume of 3,043,395. The firm 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. Emerson Electric Co. has a 1-year low of $92.16 and a 1-year high of $134.85. The firm's 50 day moving average price is $127.04 and its 200-day moving average price is $116.52. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

Analyst Ratings Changes

EMR has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their target price on Emerson Electric from $137.00 to $135.00 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Loop Capital raised their target price on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Stephens downgraded Emerson Electric from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised their target price on Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Finally, Daiwa Capital Markets began coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $136.45.

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.