Johnson Financial Group Inc. Sells 2,595 Shares of Emerson Electric Co. (NYSE:EMR)

Johnson Financial Group Inc. reduced its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 37.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,291 shares of the industrial products company's stock after selling 2,595 shares during the period. Johnson Financial Group Inc.'s holdings in Emerson Electric were worth $558,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Stephens Consulting LLC acquired a new stake in shares of Emerson Electric in the fourth quarter valued at about $25,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Emerson Electric in the fourth quarter valued at about $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Emerson Electric in the fourth quarter valued at about $28,000. YANKCOM Partnership acquired a new stake in shares of Emerson Electric in the fourth quarter valued at about $30,000. Finally, Fiduciary Advisors Inc. acquired a new stake in shares of Emerson Electric in the fourth quarter valued at about $35,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Price Performance

Shares of EMR stock traded up $0.65 during trading on Tuesday, hitting $105.15. The company had a trading volume of 1,635,309 shares, compared to its average volume of 2,938,947. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The firm has a market capitalization of $59.29 billion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The stock's 50-day moving average price is $108.48 and its 200 day moving average price is $118.60. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (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%. Equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's payout ratio is presently 50.36%.

Analyst Ratings Changes

A number of analysts recently issued reports on EMR shares. StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Royal Bank of Canada reissued an "outperform" rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. Daiwa Capital Markets assumed coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Citigroup lowered their price target on Emerson Electric from $132.00 to $119.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and an average price target of $131.67.

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.