Emerson Electric Co. (NYSE:EMR) Stake Lessened by Associated Banc Corp

Associated Banc Corp cut its stake in Emerson Electric Co. (NYSE:EMR) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,847 shares of the industrial products company’s stock after selling 875 shares during the period. Associated Banc Corp’s holdings in Emerson Electric were worth $4,690,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in EMR. Wellington Shields & Co. LLC lifted its stake in Emerson Electric by 2.7% during the fourth quarter. Wellington Shields & Co. LLC now owns 6,360 shares of the industrial products company’s stock valued at $788,000 after purchasing an additional 167 shares during the last quarter. Atala Financial Inc acquired a new stake in Emerson Electric during the fourth quarter valued at approximately $165,000. JPL Wealth Management LLC acquired a new stake in Emerson Electric during the fourth quarter valued at approximately $3,070,000. Impact Capital Partners LLC acquired a new stake in Emerson Electric during the fourth quarter valued at approximately $208,000. Finally, Tillman Hartley LLC acquired a new stake in Emerson Electric during the fourth quarter valued at approximately $251,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Performance

Shares of EMR opened at $112.11 on Friday. The company’s fifty day moving average is $122.37 and its 200-day moving average is $118.85. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The firm has a market cap of $63.22 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.88%. Emerson Electric’s payout ratio is presently 50.36%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EMR. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price for the company. 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 research report on Thursday, February 6th. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target for the company. JPMorgan Chase & Co. reduced their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Finally, KeyCorp upped their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $136.28.

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.