Bahl & Gaynor Inc. Has $17.80 Million Position in Emerson Electric Co. (NYSE:EMR)

Bahl & Gaynor Inc. reduced its holdings in Emerson Electric Co. (NYSE:EMR) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 182,846 shares of the industrial products company’s stock after selling 1,209 shares during the period. Bahl & Gaynor Inc.’s holdings in Emerson Electric were worth $17,796,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of EMR. Bryn Mawr Capital Management LLC raised its holdings in Emerson Electric by 21.1% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 14,763 shares of the industrial products company’s stock worth $1,437,000 after purchasing an additional 2,577 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Emerson Electric by 49.8% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 90,722 shares of the industrial products company’s stock worth $8,830,000 after purchasing an additional 30,175 shares during the period. Syon Capital LLC raised its holdings in Emerson Electric by 26.9% in the fourth quarter. Syon Capital LLC now owns 3,452 shares of the industrial products company’s stock worth $336,000 after purchasing an additional 732 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its holdings in Emerson Electric by 13.3% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,112 shares of the industrial products company’s stock worth $1,276,000 after purchasing an additional 1,537 shares during the period. Finally, Atria Wealth Solutions Inc. raised its holdings in Emerson Electric by 5.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 37,909 shares of the industrial products company’s stock worth $3,690,000 after purchasing an additional 2,076 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. KeyCorp increased their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Barclays raised their target price on shares of Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Berenberg Bank lifted their price objective on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Citigroup lifted their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, Bank of America raised their target price on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.25.

Emerson Electric Trading Up 0.2 %

Shares of NYSE EMR traded up $0.27 during midday trading on Friday, reaching $109.87. The stock had a trading volume of 1,364,492 shares, compared to its average volume of 2,603,198. The firm has a market cap of $62.71 billion, a price-to-earnings ratio of 5.72, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $115.26. 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 50 day moving average price is $110.38 and its 200 day moving average price is $99.28.

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

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were issued 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 yield of 1.91%. Emerson Electric’s payout ratio is 10.94%.

Insiders Place Their Bets

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction on 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 owns 9,591 shares in the company, valued at $989,599.38. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.25% of the company’s stock.

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.