Johnson Investment Counsel Inc. Has $11.38 Million Position in Emerson Electric Co. (NYSE:EMR)

Johnson Investment Counsel Inc. lessened its position in Emerson Electric Co. (NYSE:EMR) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,815 shares of the industrial products company’s stock after selling 2,015 shares during the period. Johnson Investment Counsel Inc.’s holdings in Emerson Electric were worth $11,379,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of EMR. GDS Wealth Management increased its stake in Emerson Electric by 2.0% in the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock worth $491,000 after buying an additional 79 shares in the last quarter. Mcdonald Partners LLC increased its stake in Emerson Electric by 0.6% in the 4th quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company’s stock worth $1,761,000 after buying an additional 81 shares in the last quarter. Berkshire Bank increased its stake in Emerson Electric by 3.6% in the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company’s stock worth $321,000 after buying an additional 89 shares in the last quarter. Little House Capital LLC increased its stake in Emerson Electric by 0.5% in the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company’s stock worth $2,108,000 after buying an additional 89 shares in the last quarter. Finally, Grove Bank & Trust increased its stake in Emerson Electric by 5.4% in the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock worth $217,000 after buying an additional 90 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $118.66 on Monday. The company has a market capitalization of $66.91 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average of $123.64 and a 200 day moving average of $118.73.

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

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.78%. The ex-dividend date is Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EMR shares. Wells Fargo & Company increased their price target on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Daiwa Capital Markets initiated coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective for the company. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. BNP Paribas initiated coverage on Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective for the company. Finally, KeyCorp raised their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $137.67.

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.