TD Asset Management Inc cut its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 4.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 247,755 shares of the industrial products company’s stock after selling 11,090 shares during the quarter. TD Asset Management Inc’s holdings in Emerson Electric were worth $32,882,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after purchasing an additional 4,850 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Emerson Electric during the 1st quarter valued at about $232,000. Caxton Associates LLP acquired a new position in Emerson Electric during the 1st quarter valued at about $275,000. Sivia Capital Partners LLC acquired a new position in Emerson Electric during the 2nd quarter valued at about $203,000. Finally, Jump Financial LLC boosted its stake in Emerson Electric by 121.5% during the 2nd quarter. Jump Financial LLC now owns 10,543 shares of the industrial products company’s stock valued at $1,406,000 after purchasing an additional 5,783 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Emerson Electric Trading Down 2.6%
NYSE:EMR opened at $138.36 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.64 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $77.50 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 2.21 and a beta of 1.25. The firm’s 50 day moving average is $138.42 and its 200 day moving average is $139.98. Emerson Electric Co. has a 12 month low of $122.11 and a 12 month high of $165.15.
Emerson Electric Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be issued a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, May 15th. Emerson Electric’s payout ratio is 51.27%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on EMR shares. Daiwa Securities Group cut their price target on Emerson Electric from $177.00 to $156.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. BMO Capital Markets lifted their target price on shares of Emerson Electric from $150.00 to $157.00 in a research report on Friday, May 8th. Stephens lifted their target price on shares of Emerson Electric from $145.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Monday, February 9th. Rothschild & Co Redburn lifted their target price on shares of Emerson Electric from $154.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Finally, Jefferies Financial Group started coverage on shares of Emerson Electric in a research report on Tuesday, March 31st. They set a “buy” rating and a $175.00 target price on the stock. Twelve equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric currently has an average rating of “Hold” and an average target price of $163.24.
View Our Latest Stock Analysis on EMR
Insider Activity at Emerson Electric
In related news, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of Emerson Electric stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $142.32, for a total value of $811,224.00. Following the sale, the chief executive officer owned 281,393 shares of the company’s stock, valued at approximately $40,047,851.76. The trade was a 1.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.23% of the company’s stock.
About Emerson Electric
Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.
Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.
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