Emerson Electric Co. (NYSE:EMR) Shares Sold by Johnson Financial Group Inc.

Johnson Financial Group Inc. lessened its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 37.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,291 shares of the industrial products company's stock after selling 2,595 shares during the period. Johnson Financial Group Inc.'s holdings in Emerson Electric were worth $558,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EMR. Norges Bank acquired a new stake in Emerson Electric in the fourth quarter valued at $885,886,000. Raymond James Financial Inc. acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $297,947,000. Boston Partners lifted its stake in Emerson Electric by 136.3% during the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock worth $411,944,000 after purchasing an additional 1,913,120 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Emerson Electric by 234.2% in the fourth quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock valued at $252,313,000 after purchasing an additional 1,426,718 shares in the last quarter. Finally, Sarasin & Partners LLP raised its holdings in Emerson Electric by 120.6% during the fourth quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company's stock worth $218,889,000 after purchasing an additional 965,731 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EMR. Citigroup dropped their target price on shares of Emerson Electric from $132.00 to $119.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. KeyCorp dropped their price objective on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Daiwa America raised Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. Wells Fargo & Company increased their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Finally, Barclays cut their price target on Emerson Electric from $105.00 to $99.00 and set an "underweight" rating for the company in a research note on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average target price of $131.67.

Emerson Electric Price Performance

NYSE EMR traded up $3.24 during trading hours on Friday, reaching $109.05. The company's stock had a trading volume of 1,153,798 shares, compared to its average volume of 2,926,934. The company's 50-day moving average is $107.85 and its two-hundred day moving average is $118.46. The stock has a market cap of $61.49 billion, a PE ratio of 26.03, a PEG ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.93%. The ex-dividend date was Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is 50.36%.

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.