Emerson Electric Co. $EMR Holdings Trimmed by Johnson Investment Counsel Inc.

Key Points

• Johnson Investment Counsel Inc. reduced its stake in Emerson Electric Co. by 10.7%, now holding 92,104 shares valued at approximately $12.28 million.
• Analysts have varied price targets for Emerson Electric, with Stephens raising their price objective from $130 to $145, while Wells Fargo decreased theirs from $150 to $140.
• Emerson Electric recently declared a quarterly dividend of $0.5275, which results in an annual yield of 1.7% and a payout ratio of 45.38%.

Johnson Investment Counsel Inc. lowered its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 10.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,104 shares of the industrial products company's stock after selling 10,991 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in Emerson Electric were worth $12,280,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EMR. Brighton Jones LLC boosted its position in shares of Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock valued at $1,412,000 after purchasing an additional 4,850 shares during the period. GAMMA Investing LLC boosted its position in shares of Emerson Electric by 16.8% in the 1st quarter. GAMMA Investing LLC now owns 10,274 shares of the industrial products company's stock valued at $1,126,000 after purchasing an additional 1,479 shares during the period. Simon Quick Advisors LLC boosted its position in shares of Emerson Electric by 27.5% in the 1st quarter. Simon Quick Advisors LLC now owns 3,693 shares of the industrial products company's stock valued at $405,000 after purchasing an additional 796 shares during the period. GPS Wealth Strategies Group LLC boosted its position in Emerson Electric by 19.7% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 656 shares of the industrial products company's stock worth $72,000 after acquiring an additional 108 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in Emerson Electric by 3.2% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 11,360 shares of the industrial products company's stock worth $1,246,000 after acquiring an additional 350 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on EMR shares. Weiss Ratings restated a "buy (b-)" rating on shares of Emerson Electric in a research report on Wednesday. Stephens raised their price objective on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Wells Fargo & Company restated an "equal weight" rating and set a $140.00 price objective (down from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Emerson Electric from $157.00 to $159.00 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $144.29.

Emerson Electric Stock Down 4.2%

Shares of Emerson Electric stock opened at $125.99 on Friday. The firm has a market cap of $70.91 billion, a price-to-earnings ratio of 27.09, a P/E/G ratio of 2.19 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The stock has a 50-day simple moving average of $132.66 and a 200-day simple moving average of $125.25.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm had revenue of $3.16 billion during the quarter. On average, equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric's payout ratio is currently 45.38%.

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.

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