Jensen Investment Management Inc. Has $9.14 Million Stake in Emerson Electric Co. (NYSE:EMR)

Jensen Investment Management Inc. trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,920 shares of the industrial products company’s stock after selling 457 shares during the quarter. Jensen Investment Management Inc.’s holdings in Emerson Electric were worth $9,141,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Financial Advocates Investment Management raised its position in Emerson Electric by 1.0% in the 4th quarter. Financial Advocates Investment Management now owns 10,208 shares of the industrial products company’s stock valued at $994,000 after buying an additional 101 shares during the last quarter. PFG Advisors raised its position in Emerson Electric by 4.5% in the 4th quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock valued at $243,000 after buying an additional 108 shares during the last quarter. Accel Wealth Management raised its position in Emerson Electric by 3.6% in the 4th quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock valued at $315,000 after buying an additional 114 shares during the last quarter. Beaumont Financial Advisors LLC grew its stake in Emerson Electric by 5.3% in the 4th quarter. Beaumont Financial Advisors LLC now owns 2,278 shares of the industrial products company’s stock valued at $222,000 after purchasing an additional 114 shares during the period. Finally, Silverlake Wealth Management LLC grew its stake in Emerson Electric by 2.8% in the 4th quarter. Silverlake Wealth Management LLC now owns 4,256 shares of the industrial products company’s stock valued at $414,000 after purchasing an additional 115 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

EMR traded down $1.37 during trading on Tuesday, reaching $112.05. 2,209,183 shares of the company were exchanged, compared to its average volume of 2,743,121. The company’s 50-day moving average is $111.88 and its two-hundred day moving average is $102.61. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $116.76. The company has a market cap of $64.10 billion, a price-to-earnings ratio of 6.00, a P/E/G ratio of 1.89 and a beta of 1.36. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.11. The firm had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 EPS. Research analysts forecast that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.87%. Emerson Electric’s dividend payout ratio is 11.24%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EMR shares. Barclays upped their price objective on Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. UBS Group increased their price target on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Robert W. Baird cut their price target on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded Emerson Electric from a “hold” rating to a “buy” rating and increased their price target for the stock from $123.00 to $138.00 in a research note on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.56.

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.