Johnson Financial Group Inc. Trims Stake in Emerson Electric Co. (NYSE:EMR)

Johnson Financial Group Inc. lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 37.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm 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.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lord Abbett & CO. LLC increased its holdings in Emerson Electric by 14.1% in the 4th quarter. Lord Abbett & CO. LLC now owns 944,761 shares of the industrial products company’s stock worth $117,084,000 after acquiring an additional 116,844 shares in the last quarter. Kovitz Investment Group Partners LLC raised its position in shares of Emerson Electric by 2.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 58,097 shares of the industrial products company’s stock valued at $7,200,000 after purchasing an additional 1,251 shares during the period. Empire Financial Management Company LLC lifted its stake in shares of Emerson Electric by 1.8% during the 4th quarter. Empire Financial Management Company LLC now owns 13,702 shares of the industrial products company’s stock valued at $1,698,000 after buying an additional 237 shares in the last quarter. Voya Investment Management LLC increased its stake in Emerson Electric by 150.8% in the 4th quarter. Voya Investment Management LLC now owns 1,265,261 shares of the industrial products company’s stock worth $156,804,000 after buying an additional 760,836 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in Emerson Electric by 10.5% during the fourth quarter. Integrated Wealth Concepts LLC now owns 22,235 shares of the industrial products company’s stock valued at $2,756,000 after acquiring an additional 2,113 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Emerson Electric stock opened at $105.24 on Friday. The stock has a market cap of $59.34 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The firm has a 50-day moving average of $109.27 and a two-hundred day moving average of $118.69. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EMR shares. Morgan Stanley lifted their target price on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. dropped their target price on shares of Emerson Electric from $135.00 to $110.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. KeyCorp cut their price objective on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, Barclays dropped 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 investment analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.67.

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.