Baird Financial Group Inc. Has $83.99 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Baird Financial Group Inc. cut its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 677,718 shares of the industrial products company’s stock after selling 4,355 shares during the quarter. Baird Financial Group Inc. owned 0.12% of Emerson Electric worth $83,990,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Franklin Resources Inc. increased its stake in shares of Emerson Electric by 3.2% during the 3rd quarter. Franklin Resources Inc. now owns 586,319 shares of the industrial products company’s stock worth $66,043,000 after purchasing an additional 17,913 shares during the last quarter. Principal Financial Group Inc. increased its position in Emerson Electric by 2.9% during the 3rd quarter. Principal Financial Group Inc. now owns 812,976 shares of the industrial products company’s stock worth $88,915,000 after buying an additional 23,205 shares during the period. Nordea Investment Management AB raised its stake in Emerson Electric by 5.7% in the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock worth $871,083,000 after purchasing an additional 375,470 shares in the last quarter. CWA Asset Management Group LLC boosted its stake in shares of Emerson Electric by 6.0% in the fourth quarter. CWA Asset Management Group LLC now owns 4,236 shares of the industrial products company’s stock valued at $525,000 after buying an additional 238 shares during the period. Finally, Capital Market Strategies LLC lifted its position in shares of Emerson Electric by 5.5% during the 4th quarter. Capital Market Strategies LLC now owns 4,300 shares of the industrial products company’s stock valued at $533,000 after acquiring an additional 224 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $108.41 on Monday. The company has a market capitalization of $61.13 billion, a PE ratio of 25.87, a P/E/G ratio of 2.49 and a beta of 1.28. 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 Co. has a twelve month low of $90.06 and a twelve month high of $134.85. The firm has a fifty day simple moving average of $107.63 and a 200 day simple moving average of $118.56.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.95%. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup lowered their target price on Emerson Electric from $132.00 to $119.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Barclays reduced their price target on shares of Emerson Electric from $105.00 to $99.00 and set an “underweight” rating on the stock in a research note on Thursday, April 10th. Finally, Daiwa Capital Markets began coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $131.67.

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.