Johnson Financial Group Inc. Buys 745 Shares of Emerson Electric Co. $EMR

Johnson Financial Group Inc. lifted its position in Emerson Electric Co. (NYSE:EMR) by 17.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,036 shares of the industrial products company’s stock after acquiring an additional 745 shares during the period. Johnson Financial Group Inc.’s holdings in Emerson Electric were worth $671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in EMR. Brighton Jones LLC increased its holdings in Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock worth $1,412,000 after buying an additional 4,850 shares during the period. Assetmark Inc. lifted its position in Emerson Electric by 19.9% during the first quarter. Assetmark Inc. now owns 10,453 shares of the industrial products company’s stock valued at $1,146,000 after purchasing an additional 1,738 shares during the period. Norden Group LLC boosted its holdings in Emerson Electric by 22.7% in the first quarter. Norden Group LLC now owns 3,393 shares of the industrial products company’s stock valued at $372,000 after purchasing an additional 628 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in shares of Emerson Electric during the 1st quarter valued at about $62,000. Finally, Federated Hermes Inc. boosted its stake in shares of Emerson Electric by 4,551.3% in the first quarter. Federated Hermes Inc. now owns 173,121 shares of the industrial products company’s stock worth $18,981,000 after buying an additional 169,399 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on EMR. Wolfe Research upped their price objective on Emerson Electric from $165.00 to $168.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Royal Bank Of Canada decreased their price objective on shares of Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Daiwa Capital Markets lifted their price target on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Jefferies Financial Group dropped their price objective on Emerson Electric from $155.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Finally, Barclays increased their target price on Emerson Electric from $127.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $148.13.

Emerson Electric Trading Up 0.5%

Shares of EMR opened at $131.54 on Friday. The firm’s fifty day moving average is $131.32 and its two-hundred day moving average is $131.74. The stock has a market cap of $73.90 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $3.16 billion for the quarter. Research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric announced that its Board of Directors has initiated a share buyback plan on Wednesday, November 5th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be paid a $0.555 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.7%. Emerson Electric’s dividend payout ratio is 54.95%.

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.