Ipswich Investment Management Co. Inc. Sells 3,050 Shares of Emerson Electric Co. (NYSE:EMR)

Ipswich Investment Management Co. Inc. cut its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 12.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,311 shares of the industrial products company’s stock after selling 3,050 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in Emerson Electric were worth $2,641,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Greystone Financial Group LLC grew its position in Emerson Electric by 2.3% during the 4th quarter. Greystone Financial Group LLC now owns 72,714 shares of the industrial products company’s stock worth $9,011,000 after acquiring an additional 1,618 shares during the last quarter. Transcend Capital Advisors LLC grew its position in Emerson Electric by 4.3% during the 4th quarter. Transcend Capital Advisors LLC now owns 4,772 shares of the industrial products company’s stock worth $591,000 after acquiring an additional 198 shares during the last quarter. Bradley Foster & Sargent Inc. CT grew its position in Emerson Electric by 0.5% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 33,901 shares of the industrial products company’s stock worth $4,201,000 after acquiring an additional 176 shares during the last quarter. Physicians Financial Services Inc. boosted its position in Emerson Electric by 4.1% in the 4th quarter. Physicians Financial Services Inc. now owns 5,059 shares of the industrial products company’s stock valued at $627,000 after buying an additional 200 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC boosted its position in Emerson Electric by 41.0% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 2,712 shares of the industrial products company’s stock valued at $336,000 after buying an additional 789 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on EMR shares. Loop Capital increased their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. UBS Group started coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. Barclays increased their price objective on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. cut their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Stock Performance

EMR opened at $121.88 on Friday. The business’s 50-day moving average price is $125.08 and its two-hundred day moving average price is $117.51. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The company has a market capitalization of $68.73 billion, a price-to-earnings ratio of 29.09, a P/E/G ratio of 2.48 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR) last released 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 return on equity of 12.08% and a net margin of 13.74%. Equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company 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. This represents a $2.11 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio is 50.36%.

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.