Bank of Nova Scotia Boosts Holdings in Emerson Electric Co. (NYSE:EMR)

Bank of Nova Scotia raised its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 61.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,675 shares of the industrial products company's stock after buying an additional 48,737 shares during the quarter. Bank of Nova Scotia's holdings in Emerson Electric were worth $15,823,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wilmington Savings Fund Society FSB lifted its position in Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company's stock worth $6,162,000 after buying an additional 30,741 shares during the last quarter. Stokes Family Office LLC raised its position in Emerson Electric by 94.8% in the 4th quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock worth $1,141,000 after purchasing an additional 4,480 shares during the period. GHP Investment Advisors Inc. grew its stake in shares of Emerson Electric by 8.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock valued at $10,187,000 after buying an additional 6,321 shares during the last quarter. World Investment Advisors boosted its holdings in Emerson Electric by 41.2% during the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock valued at $2,581,000 after acquiring an additional 6,079 shares during the period. Finally, Howland Capital Management LLC lifted its position in shares of Emerson Electric by 13.0% during the fourth quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock worth $3,283,000 after purchasing an additional 3,054 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

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Emerson Electric Price Performance

Shares of NYSE:EMR traded down $0.58 during midday trading on Tuesday, hitting $100.46. The company's stock had a trading volume of 2,236,909 shares, compared to its average volume of 2,905,228. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The business's 50 day simple moving average is $113.69 and its 200 day simple moving average is $119.36. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85. The company has a market cap of $56.65 billion, a P/E ratio of 23.98, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. On average, analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 2.10%. The ex-dividend date was Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is presently 50.36%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EMR. Morgan Stanley lifted their target price on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research report on Thursday, February 6th. Daiwa Capital Markets began coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 target price on the stock. Wells Fargo & Company increased their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. StockNews.com downgraded Emerson Electric from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average price target of $131.67.

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.