Emerson Electric Co. (NYSE:EMR) Shares Sold by Ironwood Investment Counsel LLC

Ironwood Investment Counsel LLC decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 10.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,248 shares of the industrial products company’s stock after selling 1,552 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in Emerson Electric were worth $1,642,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EMR. Raymond James Financial Inc. acquired a new position in shares of Emerson Electric during the 4th quarter valued at about $297,947,000. State Street Corp raised its stake in Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after purchasing an additional 1,507,980 shares during the period. Fisher Asset Management LLC grew its stake in shares of Emerson Electric by 234.2% during the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company’s stock valued at $252,313,000 after buying an additional 1,426,718 shares during the period. Swedbank AB lifted its stake in shares of Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after purchasing an additional 1,424,800 shares in the last quarter. Finally, Sarasin & Partners LLP increased its position in shares of Emerson Electric by 120.6% in the fourth quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock worth $218,889,000 after acquiring an additional 965,731 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

NYSE EMR opened at $109.17 on Friday. The company has a 50-day moving average price of $122.60 and a two-hundred day moving average price of $118.70. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The stock has a market cap of $61.56 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS 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%. Analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Friday, February 14th. Emerson Electric’s payout ratio is currently 50.36%.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a report on Thursday, February 6th. Morgan Stanley upped their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday, February 6th. Wells Fargo & Company raised their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Finally, Daiwa Capital Markets began coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.28.

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.