Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 44.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 630,609 shares of the industrial products company’s stock after acquiring an additional 193,330 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Emerson Electric were worth $83,694,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of EMR. Norges Bank purchased a new stake in Emerson Electric during the fourth quarter valued at approximately $1,050,040,000. Ameriprise Financial Inc. lifted its position in Emerson Electric by 185.7% during the third quarter. Ameriprise Financial Inc. now owns 3,192,982 shares of the industrial products company’s stock valued at $418,730,000 after acquiring an additional 2,075,425 shares during the last quarter. Fisher Asset Management LLC lifted its position in Emerson Electric by 20.6% during the third quarter. Fisher Asset Management LLC now owns 6,262,570 shares of the industrial products company’s stock valued at $821,524,000 after acquiring an additional 1,069,122 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Emerson Electric by 17.8% during the fourth quarter. Bank of New York Mellon Corp now owns 6,198,148 shares of the industrial products company’s stock valued at $822,618,000 after acquiring an additional 938,051 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position in Emerson Electric by 13.5% during the third quarter. Schroder Investment Management Group now owns 7,205,569 shares of the industrial products company’s stock valued at $945,227,000 after acquiring an additional 859,171 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.
Emerson Electric Stock Performance
EMR opened at $143.06 on Monday. The company has a quick ratio of 0.64, a current ratio of 0.87 and a debt-to-equity ratio of 0.37. The company has a market cap of $80.13 billion, a price-to-earnings ratio of 33.04, a PEG ratio of 2.28 and a beta of 1.25. Emerson Electric Co. has a 52-week low of $122.64 and a 52-week high of $165.15. The firm’s fifty day simple moving average is $139.73 and its two-hundred day simple moving average is $140.55.
Emerson Electric Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, May 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 51.27%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Emerson Electric in a research report on Monday, May 4th. Sanford C. Bernstein began coverage on shares of Emerson Electric in a research note on Wednesday, June 10th. They set an “outperform” rating and a $175.00 price target on the stock. Wolfe Research reduced their target price on shares of Emerson Electric from $176.00 to $169.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. Wells Fargo & Company raised their target price on shares of Emerson Electric from $135.00 to $155.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Finally, BMO Capital Markets raised their price target on shares of Emerson Electric from $150.00 to $157.00 in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $163.77.
Check Out Our Latest Research Report on Emerson Electric
Emerson Electric Profile
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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