John G Ullman & Associates Inc. Has $35.55 Million Stake in Emerson Electric Co. (NYSE:EMR)

John G Ullman & Associates Inc. lowered its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 3.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 365,202 shares of the industrial products company's stock after selling 11,622 shares during the period. Emerson Electric comprises about 5.6% of John G Ullman & Associates Inc.'s portfolio, making the stock its biggest position. John G Ullman & Associates Inc. owned about 0.06% of Emerson Electric worth $35,545,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its holdings in Emerson Electric by 105,280.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 54,417,593 shares of the industrial products company's stock worth $5,227,354,000 after buying an additional 54,365,954 shares during the period. Norges Bank acquired a new position in Emerson Electric during the 4th quarter worth about $702,606,000. Morgan Stanley lifted its holdings in Emerson Electric by 28.4% during the 4th quarter. Morgan Stanley now owns 11,835,398 shares of the industrial products company's stock worth $1,136,909,000 after buying an additional 2,621,089 shares during the period. Adage Capital Partners GP L.L.C. lifted its holdings in Emerson Electric by 255.5% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 2,803,881 shares of the industrial products company's stock worth $270,771,000 after buying an additional 2,015,232 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in Emerson Electric by 26.5% during the 4th quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company's stock worth $723,873,000 after buying an additional 1,558,903 shares during the period. Institutional investors own 74.30% of the company's stock.

Insider Activity

In other news, Director Mark A. Blinn sold 2,413 shares of the company's stock in a transaction on Friday, February 9th. The stock was sold at an average price of $103.18, for a total transaction of $248,973.34. Following the transaction, the director now owns 9,591 shares of the company's stock, valued at approximately $989,599.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.25% of the company's stock.

Emerson Electric Stock Down 0.7 %

EMR traded down $0.73 during midday trading on Friday, reaching $108.58. 2,092,244 shares of the company were exchanged, compared to its average volume of 2,651,064. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. The company's fifty day moving average price is $109.98 and its 200 day moving average price is $98.77. The company has a market cap of $61.98 billion, a price-to-earnings ratio of 5.66, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37. Emerson Electric Co. has a one year low of $76.94 and a one year high of $115.26.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.18. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The company's revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 EPS. As a group, analysts expect that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.93%. Emerson Electric's dividend payout ratio is presently 10.94%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Bank of America lifted their target price on Emerson Electric from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, March 4th. Barclays boosted their price objective on Emerson Electric from $95.00 to $105.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 2nd. Berenberg Bank boosted their price objective on Emerson Electric from $100.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, March 6th. UBS Group boosted their price objective on Emerson Electric from $95.00 to $120.00 and gave the company a "neutral" rating in a research note on Thursday, March 21st. Finally, Royal Bank of Canada boosted their price objective on Emerson Electric from $106.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.25.

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.