Clifford Swan Investment Counsel LLC lessened its position in Emerson Electric Company (NYSE:EMR) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 331,603 shares of the industrial products company’s stock after selling 6,836 shares during the quarter. Emerson Electric accounts for approximately 1.3% of Clifford Swan Investment Counsel LLC’s portfolio, making the stock its 21st biggest position. Clifford Swan Investment Counsel LLC’s holdings in Emerson Electric were worth $23,109,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EMR. Taylor Hoffman Wealth Management acquired a new position in shares of Emerson Electric during the 4th quarter worth about $692,000. Royce & Associates LP boosted its position in shares of Emerson Electric by 27.9% during the 4th quarter. Royce & Associates LP now owns 66,500 shares of the industrial products company’s stock worth $4,634,000 after acquiring an additional 14,500 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Emerson Electric by 269.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,283 shares of the industrial products company’s stock worth $577,000 after acquiring an additional 6,041 shares in the last quarter. BlackRock Inc. boosted its position in shares of Emerson Electric by 0.6% during the 4th quarter. BlackRock Inc. now owns 41,040,358 shares of the industrial products company’s stock worth $2,860,104,000 after acquiring an additional 262,289 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of Emerson Electric by 13.4% during the 4th quarter. Schroder Investment Management Group now owns 1,467,360 shares of the industrial products company’s stock worth $102,260,000 after acquiring an additional 173,303 shares in the last quarter. 68.27% of the stock is owned by hedge funds and other institutional investors.
Shares of Emerson Electric Company (NYSE EMR) opened at $72.99 on Tuesday. Emerson Electric Company has a fifty-two week low of $56.77 and a fifty-two week high of $74.45. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.32 and a quick ratio of 1.02. The firm has a market capitalization of $46,336.80, a PE ratio of 27.34, a PEG ratio of 2.29 and a beta of 1.19.
Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.04. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the business earned $0.49 EPS. The business’s quarterly revenue was up 18.7% on a year-over-year basis. analysts anticipate that Emerson Electric Company will post 3.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 16th will be issued a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Thursday, February 15th. Emerson Electric’s payout ratio is currently 78.23%.
Several research analysts have recently issued reports on EMR shares. Cowen reaffirmed a “buy” rating and set a $72.00 price objective on shares of Emerson Electric in a research report on Wednesday, December 6th. Robert W. Baird reaffirmed a “hold” rating and set a $70.00 price objective on shares of Emerson Electric in a research report on Friday, November 10th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $66.00 price objective on shares of Emerson Electric in a research report on Friday, December 8th. Royal Bank of Canada reaffirmed a “neutral” rating on shares of Emerson Electric in a research report on Thursday, November 9th. Finally, JPMorgan Chase & Co. started coverage on Emerson Electric in a research report on Wednesday, November 29th. They set a “neutral” rating for the company. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $69.67.
In other Emerson Electric 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 transaction of $498,894.48. Following the completion of the sale, the vice president now directly owns 36,877 shares of the company’s stock, valued at approximately $2,447,157.72. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 sale, the vice president now directly owns 178,743 shares of the company’s stock, valued at $11,577,184.11. The disclosure for this sale can be found here. Insiders sold a total of 27,017 shares of company stock valued at $1,771,129 over the last three months. Company insiders own 0.84% of the company’s stock.
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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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