Blair William & Co. IL Has $47.57 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Blair William & Co. IL lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 383,808 shares of the industrial products company’s stock after selling 1,529 shares during the quarter. Blair William & Co. IL owned 0.07% of Emerson Electric worth $47,565,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB lifted its holdings in shares of Emerson Electric by 120.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock valued at $6,162,000 after purchasing an additional 30,741 shares in the last quarter. Geode Capital Management LLC lifted its stake in Emerson Electric by 1.4% in the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after buying an additional 162,985 shares in the last quarter. Stokes Family Office LLC increased its position in shares of Emerson Electric by 94.8% during the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company’s stock worth $1,141,000 after acquiring an additional 4,480 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of Emerson Electric by 8.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock worth $10,187,000 after acquiring an additional 6,321 shares during the period. Finally, Howland Capital Management LLC lifted its position in Emerson Electric by 13.0% in the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company’s stock valued at $3,283,000 after acquiring an additional 3,054 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Jefferies Financial Group initiated coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target on the stock. 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. JPMorgan Chase & Co. decreased 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 note on Wednesday, January 15th. Royal Bank of Canada restated an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a report on Thursday, February 6th. Finally, StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $135.94.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $112.09 on Friday. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The stock has a 50 day moving average of $121.08 and a 200-day moving average of $119.41. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $63.20 billion, a P/E ratio of 26.75, a P/E/G ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data 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 net margin of 13.74% and a return on equity of 12.08%. As a group, equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders 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 dividend yield of 1.88%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 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.