Clifford Swan Investment Counsel LLC Has $32.53 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Clifford Swan Investment Counsel LLC cut its stake in Emerson Electric Co. (NYSE:EMR) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 262,516 shares of the industrial products company’s stock after selling 5,770 shares during the quarter. Emerson Electric makes up 1.2% of Clifford Swan Investment Counsel LLC’s portfolio, making the stock its 20th biggest holding. Clifford Swan Investment Counsel LLC’s holdings in Emerson Electric were worth $32,534,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. GDS Wealth Management increased its holdings in shares of Emerson Electric by 2.0% in the fourth quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock valued at $491,000 after purchasing an additional 79 shares in the last quarter. Mcdonald Partners LLC increased its holdings in shares of Emerson Electric by 0.6% in the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company’s stock valued at $1,761,000 after purchasing an additional 81 shares in the last quarter. Berkshire Bank boosted its stake in Emerson Electric by 3.6% in the fourth quarter. Berkshire Bank now owns 2,588 shares of the industrial products company’s stock valued at $321,000 after acquiring an additional 89 shares during the last quarter. Little House Capital LLC boosted its stake in Emerson Electric by 0.5% in the fourth quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company’s stock valued at $2,108,000 after acquiring an additional 89 shares during the last quarter. Finally, Grove Bank & Trust boosted its stake in Emerson Electric by 5.4% in the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock valued at $217,000 after acquiring an additional 90 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Trading Up 1.4 %

Shares of NYSE:EMR opened at $121.62 on Friday. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The company’s fifty day simple moving average is $124.57 and its 200 day simple moving average is $118.18. The firm has a market cap of $68.58 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 2.49 and a beta of 1.34.

Emerson Electric (NYSE:EMR) 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 net margin of 13.74% and a return on equity of 12.08%. As a group, research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.73%. Emerson Electric’s payout ratio is currently 50.36%.

Analyst Ratings Changes

A number of equities analysts have issued reports on EMR shares. Wells Fargo & Company raised their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Jefferies Financial Group started coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. BNP Paribas assumed coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective on the stock. Finally, 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $136.90.

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.