Emerson Electric Co. (NYSE:EMR) is John G Ullman & Associates Inc.’s Largest Position

John G Ullman & Associates Inc. reduced its stake in Emerson Electric Co. (NYSE:EMR) by 16.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 305,319 shares of the industrial products company’s stock after selling 59,883 shares during the quarter. Emerson Electric comprises about 5.3% of John G Ullman & Associates Inc.’s portfolio, making the stock its largest holding. John G Ullman & Associates Inc. owned about 0.05% of Emerson Electric worth $34,629,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Accordant Advisory Group Inc purchased a new position in shares of Emerson Electric in the 1st quarter valued at approximately $29,000. Tobam raised its position in Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after buying an additional 273 shares during the last quarter. Security National Bank purchased a new position in Emerson Electric during the 4th quarter worth approximately $29,000. Tributary Capital Management LLC purchased a new position in Emerson Electric during the 1st quarter worth approximately $35,000. Finally, Cape Investment Advisory Inc. raised its position in Emerson Electric by 148.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after buying an additional 188 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

EMR traded up $2.65 on Thursday, hitting $114.15. 2,161,683 shares of the company’s stock were exchanged, compared to its average volume of 2,643,509. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $116.76. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $110.27 and a 200-day moving average price of $106.55. The stock has a market cap of $65.31 billion, a price-to-earnings ratio of 6.11, a P/E/G ratio of 1.88 and a beta of 1.32.

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

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were issued a dividend of $0.525 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.84%. Emerson Electric’s dividend payout ratio is presently 11.24%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and raised their price target for the stock from $123.00 to $138.00 in a research report on Thursday, May 9th. Loop Capital lifted their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 10th. Robert W. Baird cut their target price on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. Finally, Redburn Atlantic started coverage on shares of Emerson Electric in a report on Monday. They set a “buy” rating and a $135.00 target price for the company. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $123.44.

About Emerson Electric

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.