Goelzer Investment Management Inc. boosted its stake in Emerson Electric Company (NYSE:EMR) by 18.4% in the fourth quarter, HoldingsChannel reports. The firm owned 7,855 shares of the industrial products company’s stock after purchasing an additional 1,223 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Emerson Electric were worth $547,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Intellectus Partners LLC raised its stake in Emerson Electric by 0.3% in the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 7 shares in the last quarter. Parallel Advisors LLC raised its stake in Emerson Electric by 0.5% in the second quarter. Parallel Advisors LLC now owns 4,892 shares of the industrial products company’s stock valued at $292,000 after purchasing an additional 26 shares in the last quarter. Wayne Hummer Investments L.L.C. grew its position in Emerson Electric by 0.4% in the second quarter. Wayne Hummer Investments L.L.C. now owns 18,502 shares of the industrial products company’s stock valued at $1,103,000 after acquiring an additional 70 shares during the last quarter. Trust Co. of Virginia VA grew its position in Emerson Electric by 2.2% in the second quarter. Trust Co. of Virginia VA now owns 3,500 shares of the industrial products company’s stock valued at $208,000 after acquiring an additional 75 shares during the last quarter. Finally, Security National Bank of Sioux City Iowa IA grew its position in Emerson Electric by 0.5% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 14,881 shares of the industrial products company’s stock valued at $887,000 after acquiring an additional 80 shares during the last quarter. 69.23% of the stock is owned by institutional investors and hedge funds.

In related news, VP Bell Katherine Button sold 7,518 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $66.36, for a total value of $498,894.48. Following the sale, the vice president now directly owns 36,877 shares in the company, valued at $2,447,157.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Frank J. Dellaquila sold 2,100 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the completion of the sale, the vice president now owns 178,743 shares in the company, valued at $11,577,184.11. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,017 shares of company stock worth $1,771,129. Company insiders own 0.79% of the company’s stock.

A number of research analysts have issued reports on EMR shares. Cowen upgraded Emerson Electric to a “buy” rating and set a $71.00 target price on the stock in a research report on Monday, October 23rd. Bank of America upgraded Emerson Electric from a “neutral” rating to a “buy” rating and lifted their target price for the company from $64.44 to $79.00 in a research report on Tuesday, October 17th. Stifel Nicolaus reiterated a “buy” rating and issued a $72.00 target price (up previously from $68.00) on shares of Emerson Electric in a research report on Thursday, November 9th. Vertical Research upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Tuesday, January 2nd. Finally, UBS Group started coverage on Emerson Electric in a research report on Monday, January 22nd. They issued a “buy” rating and a $73.26 target price on the stock. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $67.65.

Shares of Emerson Electric Company (NYSE:EMR) opened at $69.07 on Friday. The firm has a market capitalization of $43,848.26, a PE ratio of 25.87, a PEG ratio of 2.38 and a beta of 1.19. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.30 and a current ratio of 1.32. Emerson Electric Company has a twelve month low of $56.77 and a twelve month high of $74.45.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 earnings per share. research analysts anticipate that Emerson Electric Company will post 3.12 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 16th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 78.23%.

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About Emerson Electric

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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