Johnson Investment Counsel Inc. Purchases 11,280 Shares of Emerson Electric Co. (NYSE:EMR)

Johnson Investment Counsel Inc. increased its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 12.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 103,095 shares of the industrial products company's stock after purchasing an additional 11,280 shares during the period. Johnson Investment Counsel Inc.'s holdings in Emerson Electric were worth $11,303,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of EMR. Unison Advisors LLC raised its holdings in shares of Emerson Electric by 0.5% during the fourth quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock worth $2,629,000 after purchasing an additional 98 shares during the last quarter. Redmond Asset Management LLC boosted its holdings in Emerson Electric by 4.6% in the fourth quarter. Redmond Asset Management LLC now owns 2,260 shares of the industrial products company's stock valued at $280,000 after purchasing an additional 100 shares during the last quarter. Texas Yale Capital Corp. grew its position in Emerson Electric by 0.7% during the 4th quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company's stock worth $1,833,000 after purchasing an additional 100 shares during the period. Ecofi Investissements SA lifted its holdings in shares of Emerson Electric by 0.3% in the 4th quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company's stock valued at $4,111,000 after buying an additional 100 shares during the period. Finally, Apriem Advisors boosted its stake in shares of Emerson Electric by 2.1% in the fourth quarter. Apriem Advisors now owns 5,051 shares of the industrial products company's stock worth $626,000 after buying an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Buying and Selling

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the sale, the chief executive officer now directly owns 164,957 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is currently owned by company insiders.

Emerson Electric Stock Up 0.9%

NYSE EMR opened at $128.54 on Friday. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85. 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 business has a fifty day moving average price of $114.58 and a 200 day moving average price of $118.29. The company has a market cap of $72.31 billion, a P/E ratio of 30.75, a P/E/G ratio of 2.54 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same period last year, the firm posted $1.36 earnings per share. The company's revenue for the quarter was up 1.3% on a year-over-year basis. Research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.64%. Emerson Electric's dividend payout ratio is presently 50.48%.

Analyst Upgrades and Downgrades

EMR has been the subject of several recent research reports. Barclays lifted their price target on Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a research report on Monday, June 9th. Wells Fargo & Company raised their price objective on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Royal Bank Of Canada boosted their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. KeyCorp lifted their price objective on shares of Emerson Electric from $125.00 to $150.00 and gave the company an "overweight" rating in a report on Friday, June 13th. Finally, Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Emerson Electric presently has a consensus rating of "Moderate Buy" and a consensus target price of $136.47.

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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