Emerson Electric Co. (NYSE:EMR) Stake Lowered by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.5% during the 4th quarter, HoldingsChannel reports. The fund owned 313,337 shares of the industrial products company’s stock after selling 1,592 shares during the period. Emerson Electric accounts for 1.2% of Clifford Swan Investment Counsel LLC’s holdings, making the stock its 17th biggest position. Clifford Swan Investment Counsel LLC’s holdings in Emerson Electric were worth $30,497,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of EMR. PFG Advisors grew its holdings in Emerson Electric by 4.5% during the 4th quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock worth $243,000 after acquiring an additional 108 shares during the period. Accel Wealth Management grew its holdings in shares of Emerson Electric by 3.6% in the 4th quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock valued at $315,000 after buying an additional 114 shares during the period. Beaumont Financial Advisors LLC grew its holdings in shares of Emerson Electric by 5.3% in the 4th quarter. Beaumont Financial Advisors LLC now owns 2,278 shares of the industrial products company’s stock valued at $222,000 after buying an additional 114 shares during the period. Silverlake Wealth Management LLC grew its holdings in shares of Emerson Electric by 2.8% in the 4th quarter. Silverlake Wealth Management LLC now owns 4,256 shares of the industrial products company’s stock valued at $414,000 after buying an additional 115 shares during the period. Finally, Cooper Financial Group grew its holdings in shares of Emerson Electric by 2.4% in the 4th quarter. Cooper Financial Group now owns 5,019 shares of the industrial products company’s stock valued at $488,000 after buying an additional 120 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EMR shares. Barclays boosted their price target on shares of Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. KeyCorp boosted their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Citigroup boosted their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a report on Monday, April 8th. UBS Group boosted their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Finally, Royal Bank of Canada boosted their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $118.07.

Insider Transactions at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the transaction, the director now directly owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is owned by company insiders.

Emerson Electric Stock Up 0.1 %

NYSE:EMR traded up $0.13 on Friday, hitting $106.54. 5,925,874 shares of the company’s stock were exchanged, compared to its average volume of 2,217,240. The firm has a 50-day moving average price of $110.58 and a 200-day moving average price of $99.74. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. Emerson Electric Co. has a 52 week low of $76.94 and a 52 week high of $115.26. The company has a market cap of $60.81 billion, a P/E ratio of 5.55, a price-to-earnings-growth ratio of 1.84 and a beta of 1.36.

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

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 annualized dividend and a dividend yield of 1.97%. Emerson Electric’s dividend payout ratio is presently 10.94%.

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.