Clifford Swan Investment Counsel LLC Has $28.52 Million Position in Emerson Electric Co. (NYSE:EMR)

Clifford Swan Investment Counsel LLC lowered its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 0.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 260,088 shares of the industrial products company's stock after selling 2,428 shares during the quarter. Emerson Electric makes up about 1.1% of Clifford Swan Investment Counsel LLC's investment portfolio, making the stock its 26th largest holding. Clifford Swan Investment Counsel LLC's holdings in Emerson Electric were worth $28,516,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in EMR. Orion Capital Management LLC bought a new position in Emerson Electric in the 4th quarter valued at about $25,000. Vega Investment Solutions acquired a new stake in Emerson Electric in the 4th quarter worth about $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Emerson Electric during the 4th quarter worth approximately $28,000. Inlight Wealth Management LLC bought a new stake in shares of Emerson Electric during the 1st quarter valued at approximately $28,000. Finally, Fourth Dimension Wealth LLC grew its holdings in shares of Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 154 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Up 0.1%

Shares of Emerson Electric stock traded up $0.12 during trading on Monday, hitting $144.35. The company's stock had a trading volume of 126,280 shares, compared to its average volume of 2,986,425. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. The company has a fifty day simple moving average of $128.27 and a two-hundred day simple moving average of $119.51. The company has a market capitalization of $81.20 billion, a PE ratio of 34.53, a P/E/G ratio of 2.80 and a beta of 1.29. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $145.58.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. Emerson Electric's revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business earned $1.36 EPS. Equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Friday, May 16th. Emerson Electric's payout ratio is 50.48%.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer owned 164,957 shares of the company's stock, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on EMR shares. Stephens increased their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Royal Bank Of Canada raised their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Finally, Bank of America increased their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $142.28.

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.

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