Ipswich Investment Management Co. Inc. Has $2.64 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Ipswich Investment Management Co. Inc. cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 12.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,311 shares of the industrial products company’s stock after selling 3,050 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in Emerson Electric were worth $2,641,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Swedbank AB grew its holdings in shares of Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after buying an additional 1,424,800 shares in the last quarter. Howard Capital Management Group LLC grew its holdings in shares of Emerson Electric by 10.6% during the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after buying an additional 180 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Emerson Electric by 2.4% during the third quarter. Sequoia Financial Advisors LLC now owns 17,441 shares of the industrial products company’s stock valued at $1,908,000 after buying an additional 403 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Emerson Electric by 16.6% during the third quarter. Private Advisor Group LLC now owns 66,694 shares of the industrial products company’s stock valued at $7,294,000 after buying an additional 9,484 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Emerson Electric by 14,768.8% during the third quarter. International Assets Investment Management LLC now owns 468,069 shares of the industrial products company’s stock valued at $51,193,000 after buying an additional 464,921 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EMR has been the topic of a number of recent research reports. Wells Fargo & Company boosted their target price on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. BNP Paribas initiated coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price on the stock. Loop Capital boosted their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, KeyCorp boosted their target price on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.90.

Emerson Electric Trading Down 2.3 %

Emerson Electric stock opened at $121.88 on Friday. The business has a 50 day moving average price of $125.08 and a two-hundred day moving average price of $117.51. 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 stock has a market cap of $68.73 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 2.48 and a beta of 1.34. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. As a group, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.73%. Emerson Electric’s dividend payout ratio is currently 50.36%.

Emerson Electric 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.