Van Strum & Towne Inc. Has $5.78 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Van Strum & Towne Inc. grew its position in Emerson Electric Co. (NYSE:EMR) by 0.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 46,659 shares of the industrial products company’s stock after buying an additional 341 shares during the period. Emerson Electric accounts for approximately 0.0% of Van Strum & Towne Inc.’s investment portfolio, making the stock its 17th largest holding. Van Strum & Towne Inc.’s holdings in Emerson Electric were worth $5,782,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in EMR. Raymond James Financial Inc. acquired a new stake in shares of Emerson Electric in the 4th quarter valued at $297,947,000. State Street Corp increased its stake in shares of Emerson Electric by 6.2% in the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after buying an additional 1,507,980 shares during the period. Fisher Asset Management LLC increased its stake in shares of Emerson Electric by 234.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company’s stock valued at $252,313,000 after buying an additional 1,426,718 shares during the period. Swedbank AB boosted its position in shares of Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the last quarter. Finally, Sarasin & Partners LLP boosted its position in shares of Emerson Electric by 120.6% in the 4th quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock worth $218,889,000 after purchasing an additional 965,731 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $112.11 on Friday. The firm has a market cap of $63.22 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The stock’s 50-day moving average is $122.37 and its 200-day moving average is $118.75. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. 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 earnings results 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%. Equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wells Fargo & Company raised their price target on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Royal Bank of Canada restated an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. JPMorgan Chase & Co. reduced their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Loop Capital raised their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, Barclays lowered Emerson Electric from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $135.00 to $110.00 in a research report on Monday, March 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.28.

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.